Yancoal

InfluenceMap Score
E+
Performance Band
42%
Organisation Score
29%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Energy
Head​quarters:
Australia
Wikipedia:

Climate Lobbying Overview: Yancoal has limited engagement on specific climate policy, but appears unsupportive of a transition away from coal in the energy mix. The company also maintains relationships with industry associations that actively lobby against Australian climate change policy, including the Minerals Council of Australia.

Top-line Messaging on Climate Policy: Yancoal is broadly supportive of climate action in its top-line communications. In its 2020 ESG Report, published in July 2021, Yancoal recognized the science of the IPCC and the contribution of greenhouse gas emissions from the coal sector to global warming. In the same report, the company supported the Paris Agreement, the need to limit global warming to “well below 2°C”, and a predictable energy and climate change policy framework. In an April 2021 response to a Parliamentary Inquiry into the regulation of Australia's export industries, Yancoal also acknowledged the need for policy roadmaps to transition to a net-zero carbon footprint.

Engagement with Climate-Related Regulations: Based on the limited available disclosures, it is unclear what Yancoal's position towards, or engagement with, relevant climate-related regulation is.

Positioning on Energy Transition: Yancoal has consistently supported a sustained role for coal in the global energy mix. Baocai Zhang's 2020 Chairman's statement on Yancoal's corporate website stated that coal "will remain a key component of the regional energy mix" and "play a key role in delivering economic growth and improved quality of life across several South-East Asian countries". In its 2020 ESG Report, published in July 2021, Yancoal supported the need for “high-quality coal” in the energy transition alongside the deployment of CCS, but did not appear to support an overall reduction of coal in the energy mix.

In an April 2021 response to a Parliamentary Inquiry into the regulation of Australia's export industries, Yancoal strongly supported a significant role for coal in the energy mix up until 2040 and beyond, without reference to the need for CCS.

Industry Association Governance: Yancoal has strong links to several industry associations that have actively opposed meaningful climate change policy, including the NSW Minerals Council, the Queensland Resources Council (QRC) and the World Coal Association. Yancoal's CEO also sits on the board of directors of the Minerals Council of Australia (MCA). Yancoal does not disclose a full list of its industry association memberships and indirect climate-related lobbying activities, nor has it published a full audit disclosure of its industry links.

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures
Communication of Climate Science
2 NS NA NS NS NS NS
Alignment with IPCC on Climate Action
1 NS NA 0 NS NS NS
Supporting the Need for Regulations
1 NS NA 1 NS NS NS
Support of UN Climate Process
1 NS NA 1 NS NS NS
Transparency on Legislation
-2 NA -2 NA NA NA NS
Carbon Tax
NS NS NS NS NS NS NS
Emissions Trading
NS NS NS NS NS NS NS
Energy and Resource Efficiency
NS NS NS NS NS NS NS
Renewable Energy
NS NS NS NS NS NS NS
Energy Transition & Zero Carbon Technologies
-2 NS NS -2 -2 -2 -2
GHG Emission Regulation
NS NS NS NS NS NS NS
Disclosure on Relationships
-1 NA -2 NA NA NA NS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
40%
 
40%
 
28%
 
28%
 
25%
 
25%
 
29%
 
29%

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.