Lobbying Governance
Overall Assessment | Analysis | Score |
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Strong |
Edison International describes a structured process to keep its policy advocacy in line with its clean-energy strategy. The company states that “our Political Engagement Policy… includes alignment with our values, business strategy and key policy areas related to healthy democracy, pro-business approach, energy and sustainability,” and that the January 2024 update “enhance[d] disclosure of the Company’s existing lobbying practices, incorporating lobbying criteria, procedures, and oversight into the Policy and adding aggregate amounts paid for federal and state lobbying into our semi-annual reports,” illustrating written rules and monitoring mechanisms for direct lobbying. Oversight is clearly assigned: the board-level Audit and Finance Committee “annually reviews the Company’s Political Engagement Policy and compliance program and receives semi-annual reports on the Company’s political expenditures to ensure alignment with our values, business strategy and key policy areas,” while contributions are approved by “the most senior officer responsible for Corporate Affairs or the President and CEO,” establishing accountable owners. For indirect lobbying, Edison International reports that it “review[s] the public energy and climate positions of the trade associations where we make payments of at least $50,000 annually to ensure that these associations are generally aligned with the Company on climate policy” and that “we prohibit our trade associations and 501(c)(4) organizations from using Company payments for electoral or political purposes,” demonstrating an active review and control process. The company adds that it engages “with their leadership and policy committees… to ensure these associations are aligned with our clean-energy strategy,” signalling willingness to correct misalignment. While these disclosures indicate strong governance of both direct and indirect climate-related lobbying, the company does not disclose the detailed results of its association reviews or any decisions to leave or suspend memberships, nor does it publish a stand-alone lobbying-alignment audit, so transparency on outcomes remains limited.
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B |