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| Overall Assessment |
Analysis |
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Limited
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Macquarie Group offers only limited insight into how it governs climate-related lobbying. The company states that it has a “public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement” and explains that, following this commitment, it “established a dedicated cross-group Net Zero Program team to coordinate Macquarie-wide climate risk and net zero activity… reporting to the Macquarie Group CRO and Executive Committee,” while also noting that “Macquarie senior leaders attended COP26, engaging with government, business and industry leaders.” Its public-policy section outlines the channels it uses to influence legislation – “making submissions to industry consultation processes… engaging with parliamentarians and policy-makers… [and] contributing to the advocacy work done by industry groups” – and discloses that “Macquarie has a full disclosure policy and declares all monies paid to political parties to the Australian Electoral Commission.” However, we found no evidence of a formal process that reviews whether these lobbying positions are consistent with the company’s net-zero strategy, no description of criteria for assessing the climate positions of the industry associations it funds, and no reference to a named board committee or individual specifically tasked with overseeing lobbying alignment. The information provided therefore indicates only a general commitment and high-level climate governance, without a clearly articulated mechanism for monitoring or enforcing alignment of either direct or indirect lobbying with the company’s climate goals.
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1
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| Overall Assessment |
Analysis |
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Comprehensive
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Macquarie Group offers a high level of transparency around its climate-policy lobbying. It names several identifiable regulations it has worked on, stating that it has "provided feedback on sustainable finance regulatory and legislative proposals … including the Australian Sustainable Finance Strategy, the EU Taxonomy and the EU Sustainable Finance Disclosure Regulation (SFDR).” The Group also discloses multiple lobbying channels and the government bodies it targets. It explains that it "regularly shares expertise and experience with Australian Government bureaucrats and parliamentary representatives at Federal and State levels,” has sent written submissions to consultation processes, taken part in "formal meetings," appeared "before parliamentary inquiries," engaged directly with the "European Commission," and that its CEO joined a round-table with the UK Prime Minister. Finally, Macquarie is clear about the concrete outcomes it is seeking: it describes goals such as "driving the adoption of electric vehicles (EVs) across India," supporting the National Green Hydrogen Mission by enabling "the production of 5 million tonnes per annum of green ammonia by 2030,” and "increasing access to private commercial financing" for municipal water infrastructure, alongside its commitment that 43 % of assets will be managed in line with net-zero criteria and that 90 % of financed emissions in material sectors will be on a net-zero pathway by 2030. By detailing the policies engaged, the mechanisms and targets used, and the specific results it aims to achieve, the company demonstrates comprehensive transparency on its climate-related lobbying activities.
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4
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