Manulife Financial Corp

Manulife's disclosures indicate a moderate governance process for aligning its lobbying with climate objectives. The company's sustainability governance framework, ''Our sustainability governance framework enables us to achieve our sustainability objectives across our global franchise,'' is led by the Global Chief Sustainability Officer and a ''Global Climate Change Taskforce [that] drives the development of the climate strategy, risk management activities on climate-related matters, performance tracking and disclosures'' and supports execution of a climate action plan. At the same time, Manulife ''regularly report[s] on lobbying activity, as required, to ensure accountability and transparency,'' with the General Counsel, Global Head of Government Relations, Segment CEOs, and the Board's Audit Committee overseeing public policy activities. Moreover, the Manulife Investment Management Engagement team ''meets regularly with the Global Sustainability team at Manulife to discuss company policy and to ensure advocacy aligns with these goals,'' and employees must obtain ''specific authorization'' and pre-clear non-routine government interactions. While these elements reveal a clear policy, named leaders, and concrete processes to align direct lobbying with climate and sustainability goals - reinforced by a ''public commitment ... to conduct ... engagement activities in line with the goals of the Paris Agreement'' - the company does not disclose a dedicated audit or independent review of its climate lobbying, nor does it describe a formal process for assessing or correcting the climate positions of trade associations through which it engages indirectly.