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Prudential PLC

ISIN: GB0007099541 | United Kingdom | Europe
Score 2 - Moderate
Full assessment

Prudential has established a formal policy for communications with government officials that encompasses climate-related risk topics and ensures that "political engagement is coordinated by local CEOs, local and Group-level government relations teams," supported by "a regular process for ensuring that all headquarters and business units comply with the policy and confirm that no political donations or contributions have been made," which reflects structured oversight of its lobbying activities. The company also designates "Matt Cavanagh, Group Director of Government Relations" as the responsible point of contact, and asserts that "Prudential's engagement designed in line with the Net Zero Asset Owner Alliance's framework, is informed by our ESG strategy and overall governance to ensure consistency," indicating that its advocacy is at least broadly aligned with its climate objectives. However, the company does not disclose a dedicated climate-lobbying review process or board-level sign-off for climate-specific advocacy plans, and we found no evidence of any formal mechanism for evaluating or managing indirect lobbying via trade associations against its climate strategy, nor of a publicly available audit or third-party assessment of its climate-related lobbying alignment.

This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in Europe or all companies in United Kingdom.