Lobbying Governance
Overall Assessment | Analysis | Score |
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Strong |
Standard Chartered PLC articulates a clear governance process for aligning its lobbying activities with its climate commitments, anchored by its Sustainable Finance Regulatory Policy Forum, “appointed by the Group Responsibility and Reputational Risk Committee (GRRRC)”, which “manages the Bank’s positions, external engagement and platform participation with regards to such policy and regulatory developments” and “acts as a clearing house for agreeing, maintaining and updating Bank-wide positions on policy and regulatory developments, ensuring that the Bank is consistent in its external messaging and internal application as well as maximising the Bank’s influence in its engagement with policymakers and regulators”. The bank explicitly aligns all engagement “in line with the objectives of reaching the goals of the Paris Agreement”, covering direct engagement with policymakers and indirect engagement “through trade associations and industry platforms”. Oversight is embedded in the GRRRC, with the Forum required to keep the committee “sighted on horizon policy and regulatory developments” and to “propose recommendations to form implementation programmes”. This demonstrates strong governance across both direct and indirect lobbying channels, but the company does not disclose a dedicated climate-lobbying audit or third-party review, nor a specific cycle of regular reviews beyond its Annual Report and sustainability publications, suggesting an opportunity to enhance transparency and formalize ongoing evaluation.
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B |