Advanced Drainage Systems Inc

Advanced Drainage Systems discloses a basic internal structure for reviewing political contributions through its "nonpartisan organization run and overseen by ADS employees," noting that "the PAC executive board made up of ADS employees reviews and approves all recommendations for PAC contributions." This indicates that some level of oversight and sign-off exists for the company's policy engagement. However, the disclosure focuses solely on the operation of its political action committee and associated donations; we found no evidence of a broader governance process that monitors or aligns either direct or indirect lobbying activities with climate objectives, nor any reference to board-level or named senior-management oversight, periodic reviews, or mechanisms for assessing the positions of trade associations. Consequently, while the company demonstrates limited governance through an internal approval board for PAC spending, it does not disclose further structures, procedures, or climate-specific alignment measures for its lobbying activities.