Climate Change

Verbund

InfluenceMap Score
B
Performance Band
79%
Organisation Score
54%
Relationship Score
Sector:
Utilities
Head​quarters:
Vienna, Austria
Official Web Site:
Wikipedia:

Verbund appears to have a mostly positive engagement with climate change policy. The company supports science-based GHG emission reduction targets and efforts to limit global temperature rise to less than 2 °C. In 2016, it signed an open letter calling on the EU to raise its legislative ambition and GHG reduction targets in line with a 1.5°C transition. Verbund has clearly set out its climate change policy position on its website. It supports an EU GHG reduction target of ‘at least 40%’ and a reformed EU ETS with measures to reduce the ‘huge excess of CO2 certificates’ such as Market Stability Reserve. In a 2015 consultation with EU policy makers, the company advocated a mixed position on the ETS, advocating for ambitious reforms to reduce emission permit oversupply but also supporting carbon leakage protection for industry in the form of free allocation. In light of the Paris Climate Agreement in 2016, the company has supported increased ambition for ETS reform. Verbund’s website further states support for a ‘non-binding’ energy efficiency target and a renewable energy target of ‘at least 27%’. Despite this, Verbund appears to have a mixed position on renewable energy legislation. It does not appear to support renewable subsidies and has particularly criticised national level support measures which it believes to have distortive impact on the market. Verbund CEO Wolfgang Anzengruber has been outspoken in his criticism of renewable subsidies, including feed-in tariffs associated with the German energywinde policy. In 2016 consultations with EU policy makers, Verbund reiterated its support for a binding renewables target but advocated a ‘fast transition’ away from support scheme such as feed-in tariffs towards ‘market-based support schemes’, with the view of phasing support out completely. Despite this, Verbund also appears not to support fossil fuel subsidies, including capacity remuneration schemes, and has advocated for measures to support energy transition through the electrification of transport.

QUESTIONS SOURCES Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures EU Register
Climate Science Transparency NS NS NS NS NS NS NS NA
Climate Science Stance 2 2 NA NS 2 1 NS NA
Need for climate regulations NS NS NS NS NS NS NS NA
UN Treaty Support 2 2 NS NS NS NS NS NA
Transparency on Legislation 2 NA 2 NA NA NA NS 0
Carbon Tax NS NS 1 -2 2 2 NS NA
Emissions Trading 1 2 1 1 2 NS NS NA
Energy Efficiency Standards 1 NS 1 NS NS NS NS NA
Renewable Energy Legislation 0 NS 1 0 -1 -1 NS NA
Energy Policy and Mix NS NS NS 1 1 0 NS NA
GHG Emission Standards 2 NS NS 2 NS NS NS NA
Disclosure on Relationships 2 NS 2 NA NA NA NS 1
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
55%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.