AMP Ltd – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Strong	AMP discloses a structured process for keeping its policy advocacy in line with its climate objectives. It states that “AMP ensures consistent engagement with industry bodies and partnerships through the Government Affairs and Public Policy team who is responsible for ensuring membership and policy positions are consistent,” indicating a defined internal mechanism rather than a mere aspiration. The company shows it can act on misalignment because “Memberships are reviewed annually, and the team will veto memberships that are inconsistent with AMP’s position, should it warrant such action,” demonstrating an active approach to managing indirect lobbying through trade associations. Direct advocacy is also covered, with “policy positions … discussed with internal strategy teams, Business unit subject matter experts and the Executive Committee (ExCo) to ensure consistency,” suggesting that policy stances are checked against corporate climate strategy before engagement. Oversight is clearly assigned beyond management, as “Periodic updates are also provided as required to relevant boards,” and the ExCo receives reports from the AMP Capital Investment Committee, signalling board-level visibility. While this indicates strong governance across both direct and indirect channels, the disclosure does not mention a publicly available lobbying-alignment audit or third-party review, and no regular, published report of outcomes is referenced, leaving transparency and external assurance less clear. View Sources	B

Overall Assessment

Analysis

Score

Strong

AMP discloses a structured process for keeping its policy advocacy in line with its climate objectives. It states that “AMP ensures consistent engagement with industry bodies and partnerships through the Government Affairs and Public Policy team who is responsible for ensuring membership and policy positions are consistent,” indicating a defined internal mechanism rather than a mere aspiration. The company shows it can act on misalignment because “Memberships are reviewed annually, and the team will veto memberships that are inconsistent with AMP’s position, should it warrant such action,” demonstrating an active approach to managing indirect lobbying through trade associations. Direct advocacy is also covered, with “policy positions … discussed with internal strategy teams, Business unit subject matter experts and the Executive Committee (ExCo) to ensure consistency,” suggesting that policy stances are checked against corporate climate strategy before engagement. Oversight is clearly assigned beyond management, as “Periodic updates are also provided as required to relevant boards,” and the ExCo receives reports from the AMP Capital Investment Committee, signalling board-level visibility. While this indicates strong governance across both direct and indirect channels, the disclosure does not mention a publicly available lobbying-alignment audit or third-party review, and no regular, published report of outcomes is referenced, leaving transparency and external assurance less clear.

View Sources

Lobbying Transparency

Overall Assessment	Analysis	Score
Limited	AMP Ltd provides only limited insight into its climate-related lobbying. The company indicates that it engages on climate issues through “industry working groups to coordinate industry responses to key ESG issues including climate change,” and notes that “these groups also facilitate policy advocacy and industry consultation on government policies related to ESG issues.” This reveals an indirect lobbying mechanism but does not name specific policymakers or jurisdictions that are the focus of its efforts. Likewise, its disclosure of the subject matter is broad: it says it engages with “government policies related to ESG issues” and climate change but does not identify any particular bill, regulation or reform, leaving readers unable to pinpoint which policies have been lobbied. Finally, AMP outlines only a high-level ambition—“AMP recognises its role to support global ambitions that support Net Zero by 2050”—without describing any concrete legislative changes, amendments or targets it is seeking. As a result, while the company acknowledges that it participates in policy advocacy, it remains vague about the specific policies, the channels of influence, and the precise outcomes it seeks.	D