Interpublic Group of Cos Inc/The

Interpublic Group of Cos Inc/The has established board-level and committee-level oversight to align its engagement activities with its climate change strategy, but the company does not disclose any governance mechanisms specific to its direct lobbying activities or attach named accountability for lobbying alignment. IPG states that "IPG's Board of Directors, including our CEO and our Chairman, has overall responsibility for the oversight and management of the company's risks, including those caused by climate change," and that "governance and oversight systems in place ensure that our engagement activities are consistent with our climate change strategy." It has implemented a review process whereby it "proactively review[s] the climate impacts of potential clients in the oil, energy and utility sectors before accepting new work," and asserts that "we do not work with trade associations or lobbying groups that seek to extend the life of fossil fuels," a stance that has led to "turning down potential new business opportunities." However, the company discloses no policy or process for monitoring or aligning direct lobbying efforts, does not identify any individual or formal body responsible for overseeing lobbying alignment, and provides no evidence of any audit or external review of its lobbying activities.