Lobbying Governance
| Overall Assessment | Analysis | Score |
|---|---|---|
| None |
S-Oil Corp has established comprehensive ESG and climate-change governance structures, including that "the Company established an ESG Steering Committee composed of executives from each function, including production, marketing, finance, planning, human resources, and legal, to review, evaluate, and make decisions on ESG KPIs and other key issues at regular quarterly meetings," and that in 2022 it formed "the ESG Committee under the Board of Directors, which was formally approved at the 2023 Annual General Meeting" and "meets regularly semi-annually." The "Sustainability Management Team, as the risk owner for climate change, performs a quarterly quantitative assessment of climate-related issues and establishes a risk response process," while the "ERM Committee, composed of senior executives including the CEO, conducts a final review of risk management activities, including climate change, on a quarterly basis, determines necessary responses, and makes decisions on company-wide risk management policies." However, we found no evidence of any governance process specifically addressing lobbying: the company does not disclose any policy or oversight mechanism for direct or indirect lobbying, does not reference any individual or formal body overseeing lobbying alignment, and does not publish any audit or report on its lobbying activities.
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E |