Absa Group Ltd

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
None Absa Group Ltd has not demonstrated transparency regarding its climate lobbying activities. The evidence provided focuses on internal initiatives within the banking sector, such as the Positive Impact Finance (PIF) Task Group's project and the development of a dashboard to highlight contributions to the Sustainable Development Goals (SDGs). However, there is no mention of specific climate-related policies, legislation, or regulations that the company has engaged with. Additionally, the evidence does not describe any lobbying mechanisms, such as meetings with policymakers, letters, or consultations, nor does it identify any policymaking targets. The outcomes sought are limited to internal sectoral progress, such as enhanced reporting and standardization of positive impact data, without any indication of desired changes to government policy or legislation. As a result, we found no evidence of transparency in disclosing climate lobbying activities. 0
Lobbying Governance
Overall Assessment Comment Score
None Absa Group Limited does not disclose any governance processes related to climate lobbying alignment. While the company mentions its participation in committees and task groups of the Banking Association of South Africa (BASA), it fails to describe any mechanisms, oversight structures, monitoring, or accountability measures to ensure alignment of external engagement activities with climate commitments or a climate transition plan. Additionally, although there is a public commitment to conduct engagement activities in line with the goals of the Paris Agreement, no governance details or processes related to climate lobbying, such as oversight structures, monitoring mechanisms, or accountability measures, are provided. This indicates an absence of climate lobbying governance alignment processes. 0