Direct Lobbying Transparency
| Overall Assessment | Comment | Score |
|---|---|---|
| Comprehensive | T. Rowe Price Group provides a detailed and specific picture of its climate-policy advocacy. It identifies multiple concrete measures it has worked on, naming, for example, the “Ontario Climate Change Adaptation and Resilience Act, 2024,” its feedback on Canada’s forthcoming “mandatory climate-related financial reporting and sustainable investment taxonomy,” formal submissions on the US SEC’s proposed climate-disclosure rule, responses to the UK FCA’s Sustainability Disclosure Requirements, participation in Malaysia’s National Sustainability Reporting Framework consultation (covering IFRS S1 and S2), and dialogue with Serbian officials about adopting the EU Climate Law and committing to net-zero by 2050. The company also explains how it lobbied: it describes “direct submissions to regulatory bodies such as the US SEC, UK FCA, and US Department of Labor,” “engag[ing] with representatives of the Canadian federal government, including the Deputy Director of Environment and Climate Change,” holding meetings with Ontario officials on mass-transit electrification, completing the Securities Commission Malaysia survey, and “direct discussions with Serbian Ministry of Finance” staff—clearly linking each activity to a named public-sector target. Finally, the firm is explicit about the results it is pursuing, seeking alignment between federal and provincial adaptation plans, backing a principles-based disclosure framework and core climate metrics at the SEC, urging the FCA to “prevent greenwashing and enhance transparency,” promoting green-bond issuance and nature-positive incentives in Canada, supporting electrification of Ontario’s transit system, and pressing Serbia to “decarboniz[e] coal-fired electricity generation” and lift renewable generation to around 34 % by 2030. Taken together, these disclosures demonstrate a comprehensive level of transparency about what climate policies the firm engages on, how it engages, and the concrete outcomes it is advocating. | 4 |