The CA100+ Target Companies: Scoring and Analysis of Climate Lobbying


Go to CA100+ Company Rankings

Go to Industry Association Disclosure Analysis

Background

10%

of CA100+ companies have fully aligned their direct climate lobbying practices with the Paris Agreement

91%

of CA100+ companies have at least one membership to an industry association with climate lobbying practices misaligned with the Paris Agreement

28 of 166

CA100+ companies have published a review of industry association alignment on climate policy

InfluenceMap maintains the world’s leading database of corporate lobbying on climate policy, covering around 300 companies and 150 industry associations globally. We provide data and analysis to the Climate Action 100+ (CA100+) initiative, made up of more than 600 investors, responsible for over $55 trillion in assets under management. An overview of our scoring system can be found here, with our full methodology here.

The CA100+'s Net Zero Company Benchmark includes high-level indicators determining, for example, whether companies have commitments to ensure their lobbying practices are in line with the goals of the Paris Agreement, including indirect lobbying via industry associations.

InfluenceMap’s system provides additional, in-depth analysis, supplementing the CA100+’s Net-Zero Company benchmark with ongoing insight on real-world and material improvements in Paris-aligned corporate and industry association climate lobbying. InfluenceMap's database currently covers 134 of the 166 CA100+ target companies, accessible on the slide below, with the remaining assessments to be finalized later in 2021. A ranking table of the key industry associations with 3 or more CA100+ corporate members can also be found on the slide below.

A central ask of CA100+ focus companies from the investor community has been to audit and publish reviews of their industry associations’ climate change lobbying and alignment. InfluenceMap is assessing these reviews as part of an ongoing process to feed into active investor engagements. Up-to-date assessments of all CA100+ companies that have so far produced reviews can be found further down this page.

CA100+ Company and Industry Association Rankings

The table below contains a ranking of all the CA100+ target companies covered by InfluenceMap, with companies yet to be assessed under InfluenceMap’s system marked as “not yet finalized”. A ranking table of the key industry associations with 3 or more CA100+ members is also available by clicking the "Industry Associations" tab below. A summary profile and full access to the data underlying the assessments can be accessed via the links in the rankings tables. An overview of our scoring system can be found here, with our full methodology here.

Modifications to InfluenceMap Scoring Back To Home
InfluenceMap Performance Band
Organization
Sector
Region
E
Berkshire Hathaway Industrials North America
D-
ExxonMobil Energy North America
D+
General Electric Industrials North America
C-
Royal Dutch Shell Energy Europe
D-
Toyota Motor Automotive Asia
D+
BP Energy Europe
E+
Chevron Energy North America
C-
Volkswagen Automotive Europe
C+
Walmart Stores Retailing North America
C-
TotalEnergies Energy Europe
D
Daimler Automotive Europe
B-
Nestlé Consumer Staples Europe
C-
Eni Energy Europe
D+
Procter & Gamble Consumer Staples North America
D
BHP Materials Oceania
D
Ford Motor Automotive North America
D
BMW Group Automotive Europe
B
EDF Utilities Europe
C+
Siemens Industrials Europe
D+
General Motors Automotive North America
D+
Honda Motor Automotive Asia
B
Enel Utilities Europe
D+
BASF Chemicals Europe
C+
Coca-Cola Consumer Staples North America
D-
Lukoil Energy Europe
D-
Boeing Industrials North America
C-
Raytheon Technologies Corporation (formerly United Technologies) Industrials North America
C+
PepsiCo Consumer Staples North America
D-
Rio Tinto Group Materials Europe
B
Unilever Consumer Staples Europe
D+
Nissan Automotive Asia
B
E.ON Utilities Europe
D
Bayer Healthcare Europe
E-
Caterpillar Industrials North America
D-
Dow Chemical Chemicals North America
D
Airbus Group Industrials Europe
B+
Iberdrola Utilities Europe
C-
Reliance Industries Energy Asia
D+
Hitachi Telecommunications Asia
E+
Foxconn Information Technology Asia
E-
Phillips 66 Energy North America
C+
Moller Maersk (Maersk) Airlines and Logistics Europe
D+
Suncor Energy Energy North America
E+
Occidental Petroleum Energy North America
D
Duke Energy Utilities North America
E+
Delta Air Lines Airlines and Logistics North America
C+
National Grid Utilities Europe
C+
PTT Global Chemicals Chemicals Asia
D-
Toray Industries Inc. Chemicals Asia
D-
Incitec Pivot Chemicals Oceania
D-
LyondellBasell Industries Chemicals North America
D
Air Liquide Chemicals Europe
C-
Holcim Materials Europe
E
Valero Energy Energy North America
C-
RWE Utilities Europe
D-
ConocoPhillips Energy North America
D
American Electric Power Utilities North America
D
ArcelorMittal Materials Europe
D-
Canadian Natural Resources Ltd (CNRL) Energy North America
B
Danone Consumer Staples Europe
D
Dominion Energy Utilities North America
D
Enbridge Energy North America
B-
Exelon Utilities North America
C-
Naturgy (Gas Natural Fenosa) Utilities Europe
C+
Engie Utilities Europe
E+
Glencore International Materials Europe
D+
Lockheed Martin Industrials North America
C-
NextEra Energy Utilities North America
E+
Nippon Steel Corporation Industrials Asia
D
Posco Materials Asia
D
PPL Corporation Utilities North America
D
Renault Automotive Europe
D+
Repsol Energy Europe
C
Saint-Gobain Materials Europe
C-
Sasol Chemicals Africa
E+
Southern Company Utilities North America
C-
Vale Materials South America
E
Imperial Oil Limited Energy North America
D
TC Energy Energy North America
F
Marathon Petroleum Energy North America
C
AGL Australia Utilities Oceania
C-
Origin Energy Energy Oceania
D+
Oil Search Energy Oceania
D-
Santos Energy Oceania
C-
Teck Resources Limited Materials North America
D-
Anglo American Materials Europe
not yet finalized Vedanta Resources Materials Europe
D-
Woodside Energy Oceania
C-
Equinor (formerly Statoil) Energy Europe
not yet finalized Suzuki Automotive Asia
not yet finalized Grupo Argos Materials South America
not yet finalized Cemex Materials North America
D+
CRH plc Materials Europe
D
HeidelbergCement Materials Europe
not yet finalized UltraTech Cement Materials Asia
D+
thyssenkrupp Materials Europe
not yet finalized China Steel Materials Asia
D+
SSAB Materials Europe
D
Petrobras Energy South America
C-
Korea Electric Power Corporation (KEPCO) Utilities Asia
D+
XCEL Energy Utilities North America
C
Centrica Utilities Europe
C
Fortum Utilities Europe
B
SSE Utilities Europe
C-
CEZ Utilities Europe
C-
Volvo Group Automotive Europe
E
Rosneft Energy Europe
D
South32 Materials Oceania
D
Saudi Aramco Energy Asia
E+
Air France-KLM Airlines and Logistics Europe
not yet finalized Anhui Conch Cement Materials Asia
not yet finalized China Petroleum & Chemical Corporation (Sinopec) Energy Asia
not yet finalized China Shenhua Energy Materials Asia
D+
CNOOC Energy Asia
F
Coal India Materials Asia
C-
Cummins Industrials North America
D+
Ecopetrol Energy South America
not yet finalized Formosa Petrochemical Energy Asia
B-
Trane Technologies (formerly Ingersoll-Rand) Industrials North America
D
International Paper Company Materials North America
B-
Philips Information Technology Europe
E+
Martin Marietta Materials Materials North America
not yet finalized Nornickel (MMC Norilsk Nickel) Materials Europe
not yet finalized NTPC Ltd Utilities Asia
not yet finalized Oil and Natural Gas Corporation (ONGC) Energy Asia
D-
OMV Energy Europe
not yet finalized PACCAR Automotive North America
not yet finalized PetroChina Company Limited Energy Asia
E+
Gazprom Energy Europe
C-
Rolls-Royce Industrials Europe
not yet finalized Saic Motor Automotive Asia
not yet finalized Severstal Materials Europe
not yet finalized SK Innovation Co Energy Asia
D+
PGE Group Utilities Europe
D+
Panasonic Information Technology Asia
C
Daikin Industries Industrials Asia
D-
ENEOS Holdings (formerly JX Holdings Inc) Energy Asia
D+
NRG Energy Utilities North America
B-
Colgate-Palmolive Consumer Staples North America
E
Devon Energy Energy North America
E+
Kinder Morgan Energy North America
C-
Uniper Energy Europe
D+
Boral Limited Materials Oceania
E+
FirstEnergy Corp Utilities North America
D-
WEC Energy Group Inc Utilities North America
C-
Woolworths Ltd Consumer Staples Oceania
C-
Bluescope Steel Materials Oceania
D+
Qantas Airways Airlines and Logistics Oceania
D+
Adbri (Adelaide Brighton) Materials Oceania
D-
Orica Ltd Materials Oceania
C-
The AES Corporation Utilities North America
D+
American Airlines Group Airlines and Logistics North America
not yet finalized Antam (Aneka Tambang) Materials Asia
not yet finalized Bumi Resources Materials Asia
D-
Bunge Limited Materials North America
not yet finalized Dangote Cement Plc Materials Africa
C+
Eskom Holdings Soc Limited Utilities Africa
not yet finalized Suzano S.A. (formerly Fibria Celulose S.A.) Materials South America
not yet finalized Power Assets Holdings Limited Utilities Asia
D-
United Airlines Airlines and Logistics North America
D+
United Tractors Industrials Asia
C-
Weyerhaeuser Company Materials North America
not yet finalized Pemex (Petróleos Mexicanos) Energy North America
not yet finalized Grupo Mexico Materials North America
D+
Vistra Corp Utilities North America
not yet finalized Stellantis Automotive EU
D-
BusinessEurope All Sectors Europe
C-
European Chemical Industry Council (CEFIC) Chemicals Europe
C-
European Round Table for Industry (ERT) All Sectors Europe
D
European Automobile Manufacturers Association (ACEA) Automotive Europe
D-
International Federation of Industrial Energy Consumers (IFIEC) All Sectors Europe
D-
Federation of German Industries (BDI) All Sectors Europe
B
Eurelectric Utilities Europe
D+
International Association of Oil and Gas Producers (IOGP) Energy Europe
D
FuelsEurope Energy Europe
B-
Confederation of British Industry (CBI) All Sectors Europe
E-
US Chamber of Commerce All Sectors North America
E-
National Association of Manufacturers (NAM) All Sectors North America
F
American Petroleum Institute (API) Energy North America
E+
International Air Transport Association (IATA) Airlines and Logistics North America
D+
Business Roundtable All Sectors North America
D
Japan Business Federation (Keidanren) All Sectors Asia
D
Business Council of Australia All Sectors Oceania
D
Mouvement des Entreprises de France (MEDEF) All Sectors Europe
D+
Edison Electric Institute Utilities North America
E+
German Automotive Association (VDA) Automotive Europe
D-
Verband der Chemischen Industrie (VCI) Chemicals Europe
D-
Natural Gas Supply Association (NGSA) Energy North America
C
Eurogas Energy Europe
D-
Australian Petroleum Production & Exploration Association (APPEA) Energy Oceania
D-
Minerals Council of Australia (MCA) Materials Oceania
E-
World Coal Association (WCA) Materials Europe
D-
Eurometaux Materials Europe
E+
Society of Indian Automobile Manufacturers (SIAM) Automotive Asia
D+
CEMBUREAU Materials Europe
D
Eurofer (European Steel Association) Materials Europe
C-
World Steel Association Materials Global
A-
WindEurope Energy Europe
C
Australian Industry Group (Ai Group) All Sectors Oceania
C
Business Unity South Africa (BUSA) All Sectors Africa
D
Confederación Española de Organizaciones Empresariales (CEOE) All Sectors Europe
F
California Chamber of Commerce (CalChamber) All Sectors North America
D
The Minerals Council South Africa Materials Africa
D
Society of Motor Manufacturers and Traders (SMMT) Automotive Europe
E+
European Community Shipowners' Associations (ECSA) Airlines and Logistics Europe
E-
NSW Minerals Council Materials Oceania
C
Industry Task Team on Climate Change All Sectors Africa
E
Airlines for America (A4A) Airlines and Logistics North America
C
Gas Infrastructure Europe (GIE) Energy
C
Australian Energy Council Energy Oceania
A-
Clean Energy Council Energy Oceania
D
Energy Users Association of Australia Energy Oceania
D
Australian Industry Greenhouse Network Energy Oceania
A-
Energy Efficiency Council Energy Oceania
D+
Australian Pipelines and Gas Association Energy Oceania
E
Australian Institute of Petroleum Energy Oceania
B
Carbon Market Institute All Sectors Oceania
D
South Australian Chamber of Mines and Energy Materials Oceania
D
Airlines For Europe (A4E) Airlines and Logistics Europe
B+
SmartEN Energy
C
GasNaturally Energy
C-
VNO-NCW All Sectors EU
A
Corporate Leaders Group (CLG) All Sectors Europe
A-
Australian Hydrogen Council Energy

Overview of CA100+ Company Climate Lobbying

Only 10% of CA100+ companies analyzed by InfluenceMap have clearly aligned their direct climate lobbying practices with the Paris Agreement, including European utilities such as Iberdrola and SSE, and progressive consumer goods companies such as Unilever and Nestlé.

45% of CA100+ companies analyzed by InfluenceMap (or 58 of them) exhibit lobbying practices misaligned with the goals of the Paris Agreement. Of this misaligned total, 20 are from the energy (oil/gas) sector with the remainder operating in other heavy-emitting sectors including automotive, chemicals, cement, mining, steel, and utilities.

% of CA100+ target companies and lobbying alignment with the Paris Agreement

Breakdown of CA100+ Sectors by Paris-Alignment of Corporate Lobbying Practices

Strongly Misaligned

Misaligned

Partially Aligned

Broadly Aligned

CA100+ Company Memberships to Misaligned Industry Associations

InfluenceMap's system also covers around 150 industry associations and tracks the relationships between these groups and their corporate members.

91% of CA100+ companies currently assessed by InfluenceMap hold memberships to at least one industry association with climate lobbying practices misaligned with the Paris Agreement (ranked as a D or below under InfluenceMap's system)

55% of CA100+ companies currently assessed by InfluenceMap hold memberships to at least one industry association with climate lobbying practices strongly misaligned with the Paris Agreement (ranked as an F under InfluenceMap's system)

CA100+ Companies with the Largest Networks of Industry Associations Opposing Climate Policy

The CA100+ companies listed below maintain the largest networks of industry associations misaligned in their lobbying practices from the Paris Agreement and will likely face enhanced investor scrutiny on this issue.

Companies by number of memberships to industry associations with misaligned climate lobbying practices (ranked as a D or below by InfluenceMap's system)

Companies by number of memberships to industry associations with strongly misaligned climate lobbying practices (ranked as an F by InfluenceMap's system)

Company Sector Number of memberships
Royal Dutch Shell Energy 27
ExxonMobil Energy 25
BP Energy 24
Chevron Energy 23
Siemens Industrials 20
Total Energy 17
Rio Tinto Materials 16
Equinor Energy 16
Dow Chemical Chemicals 15
ConocoPhillips Energy 14
BHP Materials 14
General Electric Industrials 14
Company Sector Number of memberships
Caterpillar Industrials 8
Royal Dutch Shell Energy 6
Chevron Energy 6
Siemens Industrials 6
General Electric Industrials 5
ConocoPhillips Energy 5
ExxonMobil Energy 4
BP Energy 4
Phillips 66 Energy 4
Marathon Petroleum Energy 4
BHP Materials 4
Berkshire Hathaway Industrials 4

A Review of CA100+ Company Disclosures on Industry Association Lobbying

A central ask of CA100+ focus companies from the investor community has been to audit and publish reviews of their industry associations’ climate change lobbying and alignment. InfluenceMap is assessing CA100+ target company reviews as part of an ongoing process to feed into active investor engagements.

These assessments are benchmarked against investor expectations outlined by the PRI, IIGCC and CERES, covering:

  • Disclosure: Including full transparency of the climate policy positions and engagement activities of the company and its industry associations, and clear explanations of the governance processes in place to ensure alignment on climate policy engagement.

  • Policy Alignment Process: Robust processes to identify and act on misalignment between the company and its industry associations on climate change to ensure consistency between the company’s policy positions and the positions and lobbying activities of its industry associations.

Up to date rankings and scorecards can be found in the following slides, along with an overview of the main findings from this analysis. A full report, published in April 2021, along with a full explanation of the methodology used, can be found here.

Summary Ranking of Industry Association Reviews

The table below shows a ranking of CA100+ companies by the quality of their industry association review processes, expressed as a percentage score from 0 to 100, where 100 would indicate that a company has met investor expectations for all of the assessment criteria related to the review process.

Click on the Company Scorecard links to access the latest individual company assessments, broken down according to the seven assessment criteria drawn from stated investor expectations on the topic. These scorecards will be updated on a rolling basis as new reviews are made available.

Company Sector Headquarters Review Score (0-100) Company Scorecard
Royal Dutch Shell Energy Europe 64 Download
Holcim Materials Europe 57 Download
Bayer Healthcare Europe 50 Download
Sasol Chemicals Africa 50 Download
Origin Energy Energy Oceania 50 Download
BASF Chemicals Europe 43 Download
BHP Materials Oceania 43 Download
HeidelbergCement Materials Europe 43 Download
Rio Tinto Group Materials Europe 43 Download
BP Energy Europe 43 Download
Anglo American Materials Europe 36 Download
OMV Energy Europe 36 Download
Glencore International Materials Europe 36 Download
FirstEnergy Corp Utilities North America 29 Download
ArcelorMittal Materials Europe 29 Download
Woodside Energy Oceania 29 Download
TotalEnergies Energy Europe 29 Download
Equinor (formerly Statoil) Energy Europe 29 Download
AGL Australia Utilities Oceania 21 Download
Repsol Energy Europe 21 Download
South32 Materials Oceania 21 Download
RWE Utilities Europe 21 Download
Chevron Energy North America 14 Download
Santos Energy Oceania 14 Download
ConocoPhillips Energy North America 14 Download
Eni Energy Europe 14 Download
Ford Motor Automotive North America 14 Download
Duke Energy Utilities North America 7 Download
138 of 166 CA100+ companies have not published an industry association review to date. A full list of these companies is available in the 'Download' link. Download

Overview of Findings

Overview: With the possible exception of Shell, companies have not performed consistently across the criteria tested in the analysis. Several companies (e.g. BASF, BHP) have produced reviews that provide examples of strong performance on one or two criteria, but fall down in other key areas. Examples of better practice under specific indicators are available in InfluenceMap’s April 2021 report.

Low benchmark for alignment: Many companies appear to assess alignment with their industry associations against their own corporate positions and practices, as opposed to a more robust assessment against the Paris Agreement, as specified in the formal expectations set out by investors. According to InfluenceMap analysis, the majority of CA100+ companies have not aligned their own climate policy positions and lobbying activities with the Paris Agreement (see Slide 4).

“Cherry picking” data for industry association assessments: The majority of companies have not disclosed a detailed and accurate account of their industry associations’ climate policy positions and engagement, nor provided details on their case-by-case alignment assessments. Companies appear to “cherry-pick” positive high-level statements from their industry associations when analyzing alignment, overlooking sometimes substantial evidence of detailed negative lobbying on climate-related policy.

Inconsistent action on misalignment: Underlying problems with the review process means that companies have failed to identify and take action to address key cases of misalignment with their industry associations. The lack of transparency on corporate engagements with industry associations exacerbates the perceived lack of action to address misalignments.