Lobbying Governance
Overall Assessment | Analysis | Score |
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Limited |
Ally Financial reports that it "employs internal lobbyists and external consultants" and maintains "a robust compliance and monitoring program to ensure both its employees and consultants abide by all appropriate conduct, reporting and disclosure requirements," and further states that "the CNGC, which is composed entirely of independent directors, oversees Ally’s public policy activities, including lobbying activities, memberships in trade associations, coalitions, and industry organizations," indicating formal oversight of its lobbying function. While Ally details engagement in climate-related industry forums such as the "RMA Climate Risk Consortium, the American Bankers Association Climate Task Force and the Bank Policy Institute Climate Working Group" to "inform ongoing policy considerations specific to a changing climate," it does not describe any policy or process to align or review how its lobbying activities support its climate change strategy, and confirms that it has "no" public commitment to conduct engagement in line with the Paris Agreement and does "not plan to have one in the next two years." We found no evidence of mechanisms for monitoring or managing the alignment of direct or indirect lobbying with its climate objectives, indicating limited transparency on how it integrates climate goals into its lobbying governance.
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D |