Barclays PLC
- Board oversight
- Public alignment report
- Direct lobbying governance
- Regular monitoring cycle
Barclays embeds its public policy advocacy within senior oversight roles but stops short of a dedicated climate-lobbying governance regime. "Responsibility for the coordination and oversight of public policy advocacy lies with the Group Head of Public Policy and Corporate Responsibility," working via an "internal Group Public and Regulatory Policy Steering Group," and the Barclays PLC Board receives "regular updates on Public Policy and Corporate Responsibility matters (together with Group Reputation Risk Reports)" as well as "four updates ... covering progress on our climate strategy, policy updates, industry trends, stakeholder engagement and target-setting," demonstrating high-level monitoring. The bank's Strategic Policy Group also "plays a key role in ensuring consistency across all public policy activity undertaken in the company's name, and in relation to its objectives. This includes activity across the corporate group, as well as activity undertaken by third parties such as agencies and trade bodies," indicating scope over direct and indirect lobbying channels. However, the company does not disclose a formal process for aligning the positions of trade associations with its climate commitments, no requirement for board sign-off on a climate-advocacy plan, nor a published climate-lobbying audit or review to manage alignment.
This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in North America or all companies in United States.