The industry group is at odds with investors and its finance sector members on emerging US disclosure requirements
German automakers dominate the fight to weaken climate regulation
The 50 Most Influential Companies and Industry Associations Blocking Climate Policy Action Globally
InfluenceMap's analysis of US auto industry lobbying shows an accelerated pattern of aggressive opposition to weaken climate-motivated policy since the election of President Donald Trump.
In the wake of the VW scandal, a group of investors with over $1 trillion worth of investor assets queried the largest automotive manufacturers on issues related to crucial greenhouse gas emissions standards in the US and the EU. This initiative was coordinated by UK non-profits ShareAction and InfluenceMap.
The following is a public report-back to investor signatories along with analysis and recommendations for future querying of the automotive sector to the wider investment community. Read the Financial Times coverage of this report.
European companies backing robust, science-based regulation on CO2 emissions under the EU Sustainable Finance Taxonomy are also performing better on stock markets when compared with their peers that are opposing the same policy, according to analysis of InfluenceMap's policy position scores and financial metrics from external databases.
This report finds the Big Six utility companies have undue influence on UK energy policy and regulation, hindering the clean energy transition and posing significant investor risk.
How taxpayer's funding is being spent on diesel subsidies worth almost £260m
The last few years has seen a significant reduction in the tax North Sea operators pay to extract oil and gas, to the point where the UK Treasury is now paying the sector £24m per year to operate. The industry has achieved this by a variety of influencing tactics aimed at multiple levels of the tax policy making process.
A year on from Paris, France comes top in the analysis of the G7 countries but there is significant misalignment among other members on their commitment to phase out fossil fuel subsidies by 2025.
This briefing analyzes the 20 largest, US-based companies with InfluenceMap Organization Scores over 65, indicating broadly positive positioning towards climate change policy. Despite their apparent support for climate action, the majority of these companies are not publicly endorsing the Build Back Better Act.
This research assesses 723 equity funds specifically marketed using ESG- and climate-related key words, with over US$330 billion in total net assets. It does so on the basis of two climate criteria (portfolio Paris Agreement alignment and fossil fuel intensity) likely to be of primary interest to investors in funds marketed in this manner.
FinanceMap's Asset Managers and Climate Change for 2021 looks at the sector's performance on portfolios, stewardship (engagement), and shareholder resolutions.
New research from InfluenceMap shows the oil and gas sector to have dominated climate-related policy battles throughout COVID-19 crisis.
ExxonMobil attempts to influence the European Green Deal
The report identifies 118 climate-themed funds with an aggregate AUM of US$18Bn and examines the presence of fossil fuel reserves owned by the companies held by these funds.
The five Big Tech companies (Apple, Alphabet, Amazon, Facebook & Microsoft) account for more than 25% of the value of the S&P500 and 20% of its Q3 2020 profits.
Despite the CA100+ initiative having clear expectations on Paris-aligned lobbying, only 2 of the 31 CA100+ target companies found to be engaging on the taxonomy appear to be supportive of its science-based guidance with 4 companies advocating mixed or unclear positions, leaving more than 80% pushing the Commission to weaken the criteria that define what can be considered sustainable.
Intensive lobbying throughout 2020 from real economy sectors has extracted significant concessions from the European Commission on its EU Sustainable Finance taxonomy.
See this link for the English version.
InfluenceMap's new research looked at the 50 most economically significant companies in Australia in relation to climate change and their potential to influence climate policy. The research found that none are strategically supporting Australian climate policy in line with the goals of the Paris Agreement. In contrast, nearly half of the companies assessed hold policy positions that are misaligned from the goals of the Paris Agreement. Full details are on InfluenceMap's interactive platform.
This research finds that Australia’s most influential industry associations are having an overwhelmingly negative impact on climate policy, with 75% of the groups assessed taking positions against climate regulations while promoting a pro-fossil fuel agenda. This research is part of InfluenceMap’s ongoing research on corporate climate lobbying, which feeds into investor processes globally. The results will be of prime interest to numerous asset managers and owners currently engaging on the topic with corporations operating in Australia.
This research finds that Australias most influential industry associations are having an overwhelmingly negative impact on climate policy, with 75% of the groups assessed taking positions against climate regulations while promoting a pro-fossil fuel agenda.
This analysis highlights a trend whereby companies and industry groups are engaging with investors and the media by focusing attention on top-line positive statements on climate while distracting stakeholders from the important details that conversely show patterns of opposition to science-based climate policy.
The following briefing focuses on how Japanese industry associations lobbied the Taxonomy and considers how these lobbying positions contrast with those of some leading European financial institutions.
An investor briefing on Japanese financial sector exposure to coal power
The polarized struggle among states for ambitious climate policy on shipping
BP won't quit controversial US oil lobby. Its CEO explains why
Industry lobbies against 2040 UK ban on new diesel trucks
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In Your Facebook Feed: Oil Industry Pushback Against Biden Climate Plans
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InfluenceMap maintains the world’s leading database of corporate and industry association lobbying of climate policy around the globe. Our research and reports have been informing investors, the media and the corporate sector since 2015. InfluenceMap is a data provider to the Climate Action 100+ investor process.
The Japan Energy Transition Initiative (JETI) is a collaboration of global and Japanese think tanks dedicated to accelerating the energy transition among business, finance and policy makers in Japan.
InfluenceMap maintains the FinanceMap platform which is the most comprehensive publicly available metrics and analysis of the asset management sector through a climate lens, both on portfolios and corporate stewardship.