Klepierre SA

Klépierre discloses some basic elements of lobbying governance but provides little detail on how these mechanisms ensure climate-lobbying alignment. The company notes that "The Anti-corruption Code of Conduct sets out the Group's expectations regarding... lobbying activities" and states that "An Ethics and Compliance Committee has been set up to oversee the proper implementation of the compliance system and to rule on specific cases," indicating that lobbying falls within a wider compliance framework overseen by a named committee. In addition, the firm confirms a Paris-aligned intent, answering "Yes" to whether it has "a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement." However, the disclosures do not explain how lobbying activities are monitored against this commitment, give no description of processes for reviewing direct or trade-association advocacy, and do not specify any regular assessments, corrective actions, or public reporting of alignment. We found no evidence of a dedicated climate-lobbying review, no identification of responsible individuals beyond the general compliance committee, and no discussion of how the company engages with or exits misaligned associations. This limited information signals some oversight of lobbying within the broader compliance system but does not amount to a detailed governance framework for ensuring that lobbying - direct or indirect - aligns with the company's climate goals.