Insurance Australia Group Ltd

Insurance Australia Group discloses only a rudimentary approach to governing its climate-related advocacy. It states that "IAG's goals and commitments to address climate and disaster resilience are captured in the Climate & Disaster Resilience Action Plan (Action Plan)" and that "The Action Plan is aligned to the Paris Agreement", indicating an intention that policy engagement should reflect the company's climate strategy. The company also notes that "IAG's participation in the public policy making process is multi-layered. At the leadership level, IAG's CEO and Executives meet regularly with political, policy making and regulatory leaders," and that it "continually engages with regulators, governments, government agencies and industry associations on public policy issues relevant to IAG." While these statements show senior-level involvement and an expressed aim to keep engagement consistent with the Action Plan, the evidence stops short of detailing any formal mechanism that monitors or audits lobbying positions, sets review criteria for trade-association alignment, or assigns a board or committee to oversee lobbying alignment. No public lobbying-alignment report, escalation process, or commitment to withdraw from misaligned associations is disclosed. Consequently, the company provides limited but explicit acknowledgement that its external engagement should align with its climate goals, yet it does not describe a structured governance process to ensure, monitor or enforce that alignment.