BSE Ltd – Lobbying Governance & Transparency

Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:

Lobbying Governance

Overall Assessment	Analysis	Score
Limited	The disclosure gives only limited insight into how the company governs lobbying activities. It notes that "Principle 7: Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent" and states that "The Board of Tata Steel Limited is the highest authority responsible for the oversight of the implementation of Business Responsibility policies," while "The Chief Executive Officer & Managing Director of the Company is the highest authority responsible for implementation of all policies." Because Principle 7 expressly covers policy influence, these statements imply that the Board and senior management have overall oversight of lobbying-related matters, and the company adds that "The Senior Management of the Company regularly reviews the performance of the Company against various policies" and updates the Board "on a continuous basis." However, the evidence does not describe any concrete mechanism for monitoring or aligning either direct or trade-association lobbying with climate goals, nor does it mention climate-specific lobbying guidance, reviews, or escalation procedures; it also provides no indication that the company assesses, corrects, or discloses misalignment within its industry associations. Consequently, while an oversight body is identified, the lack of detail on processes, scope, and climate focus indicates only a very limited lobbying-governance framework has been disclosed. View Sources	D

Overall Assessment

Analysis

Score

Limited

The disclosure gives only limited insight into how the company governs lobbying activities. It notes that "Principle 7: Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent" and states that "The Board of Tata Steel Limited is the highest authority responsible for the oversight of the implementation of Business Responsibility policies," while "The Chief Executive Officer & Managing Director of the Company is the highest authority responsible for implementation of all policies." Because Principle 7 expressly covers policy influence, these statements imply that the Board and senior management have overall oversight of lobbying-related matters, and the company adds that "The Senior Management of the Company regularly reviews the performance of the Company against various policies" and updates the Board "on a continuous basis." However, the evidence does not describe any concrete mechanism for monitoring or aligning either direct or trade-association lobbying with climate goals, nor does it mention climate-specific lobbying guidance, reviews, or escalation procedures; it also provides no indication that the company assesses, corrects, or discloses misalignment within its industry associations. Consequently, while an oversight body is identified, the lack of detail on processes, scope, and climate focus indicates only a very limited lobbying-governance framework has been disclosed.

View Sources

Lobbying Transparency

Overall Assessment	Analysis	Score
Limited	BSE Ltd’s disclosures provide only a limited picture of its climate-policy advocacy. The company refers in general terms to work on decarbonisation frameworks, a national carbon market and the introduction of deep-decarbonisation technologies, and it notes involvement in the development of India’s national emissions trading system under the Energy Conservation (Amendment) Act 2022, but it does not identify any further specific bills, regulations or jurisdictions it has sought to influence. It describes broad methods such as “discussions with government and industry peers”, leadership roles in associations and memoranda of understanding with governments, yet it does not spell out concrete mechanisms such as written submissions, formal consultations or name the governmental bodies or officials that received its input. Likewise, the outcomes it hopes to achieve—sectoral decarbonisation, establishment of a carbon market and promotion of green technologies—are framed as high-level aspirations without measurable targets, timelines or detailed policy changes. This high-level narrative indicates some engagement but falls short of providing the detail necessary to understand precisely what the company lobbies for, how it does so, and what specific results it seeks.	D