HDFC Asset Management Co Ltd – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
None	HDFC Asset Management Co Ltd indicates that “the Company may share its expertise to help in the formulation of public policy, but it does not directly engage in advocacy activities,” while noting that “through AMFI, the Company ... has advocated various governance, administration, economic and educational reforms.” However, beyond this indirect engagement via an industry association, there is no disclosure of any internal mechanisms, oversight structures, review procedures or accountability measures governing lobbying activities or aligning them with climate or other policies. Although the company highlights that “the Board has authorized the Stewardship Committee ... to ensure that there is an effective oversight of stewardship activities,” this relates solely to stewardship of investee companies and not to public policy advocacy. We found no evidence of a policy or process for monitoring, managing or aligning direct or indirect lobbying, nor is there any named individual or formal body responsible for overseeing lobbying alignment with the company’s investment or climate objectives. View Sources	E

Overall Assessment

Analysis

Score

None

HDFC Asset Management Co Ltd indicates that “the Company may share its expertise to help in the formulation of public policy, but it does not directly engage in advocacy activities,” while noting that “through AMFI, the Company ... has advocated various governance, administration, economic and educational reforms.” However, beyond this indirect engagement via an industry association, there is no disclosure of any internal mechanisms, oversight structures, review procedures or accountability measures governing lobbying activities or aligning them with climate or other policies. Although the company highlights that “the Board has authorized the Stewardship Committee ... to ensure that there is an effective oversight of stewardship activities,” this relates solely to stewardship of investee companies and not to public policy advocacy. We found no evidence of a policy or process for monitoring, managing or aligning direct or indirect lobbying, nor is there any named individual or formal body responsible for overseeing lobbying alignment with the company’s investment or climate objectives.

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Lobbying Transparency

Overall Assessment	Analysis	Score
None	No evidence found	E