Teco Electric and Machinery Co Ltd

TECO Electric and Machinery Co Ltd demonstrates a comprehensive climate lobbying governance process that ensures alignment with its climate-related goals and the Paris Agreement. The company has established a robust framework, including the "Corporate Governance and Sustainability Committee," which is the highest decision-making body overseeing lobbying activities, and the "ESG Office," which reviews and evaluates climate-related initiatives and reports directly to the chairman on a monthly basis. TECO has a clear policy for monitoring and managing both direct and indirect lobbying activities, including annual reviews of industry associations to ensure alignment with the 1.5°C targets. The process involves "investigation of membership and interested parties," "reviewing associations based on publicly disclosed information," and "seeking advice from third-party consultants." The company also commits to withdrawing from associations that fail to align with its climate policy within a specified timeframe, publicly disclosing such actions. Additionally, TECO invites stakeholder feedback on its climate lobbying policies and activities, further enhancing transparency and accountability. This indicates a strong governance process with clear oversight, monitoring mechanisms, and alignment actions for both direct and indirect lobbying.