GLOBALFOUNDRIES Inc – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Moderate	GLOBALFOUNDRIES provides some insight into how its climate-related engagement is governed, noting that "The Global EHS & CSR Director and/or the Chief Ethics and Sustainability Officer are included in all such efforts to ensure a consistent position" and that "Strategic decisions and position taking are presented for review and approval to GLOBALFOUNDRIES Stewardship Committee," which "is responsible for setting strategic direction, conducting management reviews, and providing guidance and approval regarding ESG related topics, including climate-related topics." This reveals a defined internal mechanism with a named committee and senior executives who review and approve climate-related advocacy, indicating oversight and a process for aligning positions with overall climate strategy. However, the disclosure stops short of explaining how the company evaluates or manages either its direct lobbying activities or its membership in trade associations, and it acknowledges that it currently lacks "a public commitment or position statement to conduct [its] engagement activities in line with the goals of the Paris Agreement," which suggests the alignment criteria and monitoring scope are still under development. No information is provided on audits, corrective actions, or whether indirect lobbying is assessed, so the governance structure, while present, appears limited in depth and transparency. View Sources	C

Overall Assessment

Analysis

Score

Moderate

GLOBALFOUNDRIES provides some insight into how its climate-related engagement is governed, noting that "The Global EHS & CSR Director and/or the Chief Ethics and Sustainability Officer are included in all such efforts to ensure a consistent position" and that "Strategic decisions and position taking are presented for review and approval to GLOBALFOUNDRIES Stewardship Committee," which "is responsible for setting strategic direction, conducting management reviews, and providing guidance and approval regarding ESG related topics, including climate-related topics." This reveals a defined internal mechanism with a named committee and senior executives who review and approve climate-related advocacy, indicating oversight and a process for aligning positions with overall climate strategy. However, the disclosure stops short of explaining how the company evaluates or manages either its direct lobbying activities or its membership in trade associations, and it acknowledges that it currently lacks "a public commitment or position statement to conduct [its] engagement activities in line with the goals of the Paris Agreement," which suggests the alignment criteria and monitoring scope are still under development. No information is provided on audits, corrective actions, or whether indirect lobbying is assessed, so the governance structure, while present, appears limited in depth and transparency.

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Lobbying Transparency

Overall Assessment	Analysis	Score
Moderate	GlobalFoundries provides a moderate degree of transparency on its climate-related lobbying. It identifies the specific legislation it engages with, naming both the “NY State CLCPA (Climate Leadership and Community Protection Act)” and Vermont’s “Global Warming Solutions Act (GWSA),” and describes the requirements each law sets for greenhouse-gas reductions. The company also explains how it seeks to influence these policies, citing “public participation in various working groups” connected to the CLCPA and that “GF met with VTDEC (State of Vermont Department of Environmental Conservation) to review GHG reduction opportunities,” thereby revealing the mechanisms used as well as the governmental bodies targeted. On desired outcomes, the disclosure states it is “generally supportive of the law,” aims to help Vermont “achiev[e] their climate-related targets,” and wants to ensure “the best implementation methods,” showing alignment with broad climate goals but offering few concrete, measurable policy asks. Together, these elements demonstrate clear identification of policies and lobbying channels, while the absence of detailed, specific outcomes sought limits the overall depth of disclosure.	C