Panasonic Holdings Corp

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Comprehensive	Panasonic Holdings Corp discloses climate-policy lobbying with a high degree of detail and consistency. It names a wide range of specific initiatives it engages on, including the “Japan Partnership For Circular Economy (J4CE),” the “GX League Basic Concept” led by the Ministry of Economy, Trade and Industry (METI), the Ministry of the Environment’s “Joint Crediting Mechanism (JCM) Model Projects,” the national “Green Growth Strategy,” and its role as “a founding member of the TCFD Consortium.” For each of these policies the company specifies the Japanese ministries or business federations involved and, where relevant, the geographic reach of project funding overseas, demonstrating full transparency about what it seeks to influence. Panasonic also explains how it lobbies: it holds “direct discussions with policy makers” through J4CE, enters “direct meetings with policymakers to discuss the detailed design and implementation of the GX League,” submits formal applications to the MOE for JCM support, and showcases technology at COP venues “in response to a request from the Japanese government,” clearly identifying METI, MOE and Keidanren as the targets of these efforts. Finally, the company articulates concrete outcomes it pursues, such as “establishing a mechanism for Japanese companies to be properly evaluated for their contributions to climate change mitigation,” “building close public-and-private partnerships towards implementing a circular economy in society,” “reforming the entire socio-economic system” through the GX League, and supporting national goals of a 2030 emissions reduction and “carbon neutrality by 2050.” It also seeks to advance “next-generation solar cell technology and fuel cell technology using hydrogen obtained from clean energy” and to promote climate-related corporate disclosure in line with TCFD. Together, these disclosures show comprehensive transparency across the policies lobbied, the mechanisms employed and the specific outcomes sought.	4

Lobbying Governance

Overall Assessment	Comment	Score
Moderate	Panasonic discloses a formal process for scrutinising whether its external engagement aligns with its climate strategy, noting that “consideration for participation in such initiatives is submitted as an agenda item to the Sustainability Management Committee by the Chief Technology Officer (CTO), who is responsible for the tasks for the Group’s environmental efforts” and that, after review, “the Group CEO, who serves as the Committee chair, approves the participation.” This shows both a defined review mechanism and clear senior-level accountability. The company further states that “the coherence of engagements and strategies is regularly checked in the Group Management Meeting, which is held twice a month, and by the Sustainability Management Committee,” implying an ongoing monitoring cycle rather than a one-off approval. Panasonic also indicates a policy commitment, confirming “a public commitment…to conduct your engagement activities in line with the goals of the Paris Agreement” and linking its net-zero pledge to the SBTi to guide external advocacy. However, the disclosure is centred on membership of climate-focused initiatives such as RE100, JCI and the GX League, with no description of how direct lobbying positions or broader trade-association memberships are assessed, corrected or escalated, and no reference to publishing any lobbying-alignment report. Consequently, while the company demonstrates a moderate governance framework with defined oversight and periodic monitoring, it does not publicly describe comprehensive controls over direct lobbying activities or the full range of indirect advocacy channels.	2