HSBC Holdings PLC

HSBC references climate lobbying governance only through a commitment to "Publish a Paris-aligned climate lobbying position, consistent with an overall net zero outcome." It further confirms its public commitment to conduct engagement activities in line with the Paris Agreement by responding "Yes" to the question "Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?" While this indicates an intention to align its lobbying with climate objectives, the company does not disclose any process for reviewing or monitoring its climate lobbying activities, nor identify a specific individual or formal body responsible for overseeing lobbying alignment, and we found no evidence of mechanisms to ensure both direct and indirect lobbying positions are managed against its climate commitments.