True Corp PCL – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Moderate	True Corp discloses several elements of a governance process for ensuring that its policy advocacy is consistent with its climate goals. It states that True Group has established the Corporate Governance Board Committee to oversee all sustainability and climate related issues of organizations and that The Board of director of True Group is directly responsible on the climate strategy and climate-related risk management plan, indicating that a board-level body has oversight of climate matters that encompass public-policy engagement. The company describes a four-step management system for climate lobbying that covers both direct advocacy and trade-association activity: Review: conduct an analysis comparing the current policies and public policies to determine their alignment with the goals of the Paris Agreement, specifically focusing on direct climate-related activities and trade associations, followed by Monitoring: Regularly track and communicate detailed policy changes to address and reduce misalignments with the climate change policy positions of trade associations, Engagement, and Disclosure. This establishes a stated procedure to review, monitor and publicly report on lobbying alignment, and the reference to addressing misalignments shows an intention to actively align indirect lobbying with company climate goals. However, only in a disclosure to CDP, does it detail that its climate lobbying position is aligned with one trade association, Global Compact Network Thailand (GCNT). But it does not provide evidence of outcomes such as concrete examples of engaging with or exiting associations whose positions conflict with the Paris Agreement, nor do they specify the frequency of board reviews, the individual executive accountable for day-to-day implementation, or any third-party audit of climate-lobbying alignment. As a result, while the company demonstrates a moderate level of governance with defined processes and board oversight, the depth, accountability mechanisms and demonstrated actions remain limited. View Sources	C

Overall Assessment

Analysis

Score

Moderate

True Corp discloses several elements of a governance process for ensuring that its policy advocacy is consistent with its climate goals. It states that True Group has established the Corporate Governance Board Committee to oversee all sustainability and climate related issues of organizations and that The Board of director of True Group is directly responsible on the climate strategy and climate-related risk management plan, indicating that a board-level body has oversight of climate matters that encompass public-policy engagement. The company describes a four-step management system for climate lobbying that covers both direct advocacy and trade-association activity: Review: conduct an analysis comparing the current policies and public policies to determine their alignment with the goals of the Paris Agreement, specifically focusing on direct climate-related activities and trade associations, followed by Monitoring: Regularly track and communicate detailed policy changes to address and reduce misalignments with the climate change policy positions of trade associations, Engagement, and Disclosure. This establishes a stated procedure to review, monitor and publicly report on lobbying alignment, and the reference to addressing misalignments shows an intention to actively align indirect lobbying with company climate goals. However, only in a disclosure to CDP, does it detail that its climate lobbying position is aligned with one trade association, Global Compact Network Thailand (GCNT). But it does not provide evidence of outcomes such as concrete examples of engaging with or exiting associations whose positions conflict with the Paris Agreement, nor do they specify the frequency of board reviews, the individual executive accountable for day-to-day implementation, or any third-party audit of climate-lobbying alignment. As a result, while the company demonstrates a moderate level of governance with defined processes and board oversight, the depth, accountability mechanisms and demonstrated actions remain limited.

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Lobbying Transparency

Overall Assessment	Analysis	Score
Moderate	True Corporation provides a moderate level of transparency around its climate lobbying activities. It clearly names two specific national policy frameworks—the Thailand Energy Efficiency Development Plan (EEDP) and the Alternative Energy Development Plan (AEDP)—indicating where it focuses its engagement. The company outlines its use of industry associations, such as membership in the Thailand Carbon Neutral Network, and describes participation in “seminars, forums” as well as submission of an “Energy Abatement report” to the Department of Alternative Energy Development and Efficiency, although it does not specify precise lobbying methods like direct meetings or letters nor identify individual policymakers. While True Corporation articulates broad objectives—aligning with the Paris Agreement, targeting carbon neutrality by 2030 and net-zero emissions by 2050—it does not set out particular legislative or regulatory changes it seeks within those plans. These disclosures offer reasonable insight into its lobbying efforts but fall short of fully detailing the outcomes desired from specific policy interventions.	C