First BanCorp/Puerto Rico – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
None	First BanCorp/Puerto Rico’s disclosures focus on corporate sustainability governance, stating “Sustainability starts with our Board” and detailing that “responsibility for implementation and management of our corporate sustainability framework and strategy has been delegated to a Corporate Sustainability Committee.” However, we found no evidence of any governance processes for direct or indirect lobbying activities, no description of how lobbying alignment is monitored or managed, and no disclosure of any individual or formal body overseeing lobbying. The company does not disclose a policy to ensure that its lobbying aligns with climate or other objectives, nor any review or oversight mechanism for advocacy or trade association engagement. View Sources	E

Overall Assessment

Analysis

Score

None

First BanCorp/Puerto Rico’s disclosures focus on corporate sustainability governance, stating “Sustainability starts with our Board” and detailing that “responsibility for implementation and management of our corporate sustainability framework and strategy has been delegated to a Corporate Sustainability Committee.” However, we found no evidence of any governance processes for direct or indirect lobbying activities, no description of how lobbying alignment is monitored or managed, and no disclosure of any individual or formal body overseeing lobbying. The company does not disclose a policy to ensure that its lobbying aligns with climate or other objectives, nor any review or oversight mechanism for advocacy or trade association engagement.

View Sources

Lobbying Transparency

Overall Assessment	Analysis	Score
None	First BanCorp provides virtually no climate-specific lobbying disclosure. Beyond noting that its CEO sits on the Puerto Rico Bankers Association board—a body that broadly "considers government legislation affecting the banking business"—the company does not identify any climate-related laws or regulations it has engaged on, outline any direct or indirect lobbying actions it has taken, name the policymakers it addresses, or explain the policy outcomes it seeks. As a result, there is no transparent information about the company’s approach, objectives, or activities regarding climate policy lobbying.	E