Fortescue Ltd
- Named executive owner
- Withdrawal mechanism
- Paris Agreement alignment
- Direct lobbying governance
- Regular monitoring cycle
Fortescue demonstrates structured governance for its indirect lobbying through its industry associations, requiring that "all memberships require CEO approval" and that selection criteria include "alignment of the association's policies and public positions with our Values and objectives, particularly regarding climate change." It commits to "consider our memberships annually to ensure they continue to provide value and align with our Values and objectives, including our commitment to the Paris Agreement goal of limiting global temperature rise to well below 2°C," and explains that "where misalignment is identified, the membership is reassessed ... and must be approved by the CEO or nominated delegate" or may be terminated, as evidenced by its decision to end relationships with the DomGas Alliance and the New South Wales Minerals Council "as we determined that these organisations were no longer aligned with our policies and public positions." The company also states that it views its "policies and advocacy activities, including engagement with industry associations, aligns with this policy and accelerates the transition towards a zero emissions world." However, Fortescue does not disclose any governance process for direct lobbying activities or identify who oversees or reviews such efforts, nor does it publish a dedicated report on climate-lobbying alignment.
This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in Asia-Pacific or all companies in Australia.