Lobbying Governance
Overall Assessment | Analysis | Score |
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Limited |
PNC Infratech discloses only limited information on how it governs lobbying. Its Board-empowered Risk Management Committee is tasked to “Monitor compliance… [and] Adoption and Implementation of National Guidelines on Responsible Business Conduct (NGRBC) principles,” and those guidelines include “Principle 7: Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent.” The company further states that “The Company while pursuing policy advocacy shall expand public good” and that it “shall utilize the trade and industry chambers and associations… to understand such policy advocacy in a responsible manner.” These statements indicate the existence of a high-level policy commitment and an oversight body that covers the NGRBC lobbying principle, which provides some governance over how advocacy should be conducted. However, the disclosures do not describe any concrete process for reviewing, monitoring, or aligning either direct or indirect lobbying with the firm’s climate or broader sustainability objectives, nor do they identify a specific individual responsible for such alignment. No information is provided on climate-specific lobbying, on how trade-association positions are assessed, or on corrective actions when misalignment occurs. As a result, the governance framework presented is rudimentary and largely aspirational rather than a detailed, operational system.
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