Furukawa Electric Co Ltd
- Board oversight
- Paris Agreement alignment
- Direct lobbying governance
Furukawa Electric has a structured process to align its external engagement with its decarbonization objectives, particularly in its tradeâ€association activities. The company notes that its Japanese operations "belong to two industry groups, The Japan Electric Wire & Cable Maker's Association and Japan Copper and Brass Association," and "strives to align its policies and strategies in the manner not to have confliction" with the carbonâ€neutral action plans of those bodies. Should "inconsistency happening with consistency or strategy within the organization" arise, it "will be put on the agenda at Furukawa Electric Group Environmental Committee, which is a special committee of the Risk Management Committee," and after "discussions and deliberation on the response," "the results will be promptly reported to the Board of Directors," which "is responsible for overseeing all risks, including climate change, and ESG management in general." This indicates a clear mechanism for monitoring and governing indirect engagement through industry groups and formal oversight by a dedicated committee and the Board. However, we found no evidence of a parallel governance process for direct lobbying activities - such as an articulated review of government advocacy - or a detailed climateâ€lobbying audit or thirdâ€party assessment, and the company does not disclose a specific individual charged with reviewing its policyâ€influence efforts even though it declares a "public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement."
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 North America or all companies in United States.