Sonae SGPS SA

Sonae SGPS has established a defined process to ensure that its direct engagement with policymakers is aligned with its climate strategy by stipulating that "all processes implemented are closely supervised and approved by the Board of Directors, to ensure that engagement made with policymakers and other stakeholders is consistent and aligned with the Climate Change Strategy". It further assigns oversight to a named body, stating that the "Sustainability Advisory Group also ensures that the common approach to multiple climate engagement activities across business divisions and geographies is consistent with our climate change strategy", with the CEO and Chairman attending all quarterly meetings. However, while the company describes "dedicated teams responsible for addressing legal and regulatory areas in corporate governance and public affairs", it does not disclose how it governs its indirect lobbying through trade or industry associations or any criteria for reviewing association positions against its climate goals.