Magellan Financial Group Ltd – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
None	Magellan Financial Group focuses its governance on stewardship and proxy voting rather than on oversight of its own lobbying activities. For example, it notes that “Magellan’s ESG team independently reviews all ballots, including those related to climate” with “Proposed votes…approved by the Lead Portfolio Manager,” and states that “the process is reviewed regularly, with minor enhancements made as required” by the Head of ESG and the Investment Committee. It also advises that “it’s best practice for companies to disclose donations, lobbying, and political expenditures” and that companies should assess the alignment of “trade association’s alignment to their own climate goals and strategy.” However, we found no evidence of a policy or process governing Magellan’s direct lobbying efforts, no mechanism to manage or monitor its indirect lobbying through industry associations, and no disclosure of a responsible individual or committee overseeing lobbying alignment. This absence indicates that Magellan does not disclose any dedicated governance framework for its own lobbying or climate-related political engagement. View Sources	E

Overall Assessment

Analysis

Score

None

Magellan Financial Group focuses its governance on stewardship and proxy voting rather than on oversight of its own lobbying activities. For example, it notes that “Magellan’s ESG team independently reviews all ballots, including those related to climate” with “Proposed votes…approved by the Lead Portfolio Manager,” and states that “the process is reviewed regularly, with minor enhancements made as required” by the Head of ESG and the Investment Committee. It also advises that “it’s best practice for companies to disclose donations, lobbying, and political expenditures” and that companies should assess the alignment of “trade association’s alignment to their own climate goals and strategy.” However, we found no evidence of a policy or process governing Magellan’s direct lobbying efforts, no mechanism to manage or monitor its indirect lobbying through industry associations, and no disclosure of a responsible individual or committee overseeing lobbying alignment. This absence indicates that Magellan does not disclose any dedicated governance framework for its own lobbying or climate-related political engagement.

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Lobbying Transparency

Overall Assessment	Analysis	Score
None	Magellan Financial Group describes extensive stewardship activities with the companies it invests in, but it provides no evidence that it tries to influence public climate policy. The disclosures do not name any specific climate-related laws, regulations, or governmental proposals the firm has addressed, nor do they indicate that Magellan contacts policymakers, submits consultation responses, or acts through industry associations to shape legislation. Similarly, the documents list no policy-lobbying tools or targets; the only engagement mechanisms described are meetings with portfolio company management and participation in investor networks, which relate to corporate governance, not governmental lobbying. Finally, while the firm seeks corporate outcomes such as “encouraging portfolio companies to set net zero emission targets” and better climate disclosures, it does not articulate any desired changes to public policy or regulation. In short, the disclosures focus solely on investor stewardship and contain no transparent information on climate-related lobbying activities.	E