Climate Change
Federation of French Industry (MEDEF)
What do our scores mean?
The organizational score represents the degree to which the organization influencing climate policy and legislation. Corporations also have relationship scores reflecting their links with influencers like trade associations. Both are combined to place the corporation in a performance band. Full details can be found here.
Engagement Intensity
The engagement intensity (EI) is a metric of the extent to which the company is engaging on climate change policy matters, whether positively or negatively. It is a number from 0 (no engagement at all) to 100 (full engagement on all queries/data points). Clearly energy companies are more affected by climate regulations and will have a higher EI than, for example retailers. So an organization’s score should be looked at in conjunction with this metric to gauge the amount of evidence we are using in each case as a basis for scoring. On our scale, an EI of more than 35 indicates a relatively large amount of climate policy engagement.
- Details of Organization Score
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What do the 0,1,2 and NSs, NAs mean?
Each cell in the organization's matrix presents a chance for us to assess each data source against our column of climate change policy queries. We score from -2 to 2, with negative scores representing evidence of obstructive influence. "NA" means "not applicable" and "NS" means "not scored" - that is we did not find any evidence either way. In both cases, the cell's weighting is re-distributed over others. Red and blue cells represent highly interesting negative or positive influence respectively. Full details can be found here.
| QUESTIONS | SOURCES |
Main Web Site
We search the main organizational Web site of the company and its direct links to major affiliates and attached documents (e.g. the CSR report). |
Social Media
We search other media and sites funded or controlled by the organization, such as social media (Twitter, Facebook) and direct advertising campaigns of the organization. |
CDP Responses
We assess and score responses to three of the 2014 CDP's political influence questions (currently these are not numerically scored by the CDP process). |
Legislative Consultations
Legislative Consultation documents from official government sources. As of July 2015, we consider relevant information originating directly from the US Government and the European Commission other key regions e.g. Australia and Japan. |
Media Reports
Here we search in a consistent manner (the organization name and relevant query search terms) a set of Web sites of representing reputable news or data aggregations. Supported by targeted searches of proprietary databases. |
CEO Messaging
Here we search in a consistent manner (the CEO/Chairman, organization name and relevant query search terms) a set of Web sites of representing reputable news or data aggregations. Supported by targeted searches of proprietary databases. |
Financial Disclosures
We search 10-K and 20-F SEC filings where available, and non US equivalents where not. We search earnings comments via Edgar Online and Fair Disclosure Wire. |
EU Register
Information provided by to the voluntary EU Transparency Register. |
|---|---|---|---|---|---|---|---|---|---|
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Climate Science Transparency
Is the organisation being transparent about climate change science? |
NS | 2 | NA | NS | NS | NS | NA | NA | |
|
Climate Science Stance
Is the organization supporting the science of climate change and the response demanded (as per the IPCC) |
NS | 1 | NA | -1 | -2 | -1 | NA | NA | |
|
Need for climate regulations
To what extent does the organization express the need for climate policy and regulations in general. |
NS | NS | NA | NS | NS | NS | NA | NA | |
|
UN Treaty Support
Is the organization supporting a global treaty on climate change and the UN FCCC process? |
NS | 2 | NS | -1 | 1 | 1 | NA | NA | |
|
Transparency on Legislation
Is the organisation being transparent about their positions on climate change legislation and policy, including CEO statements. |
1 | NA | NA | NA | NA | NA | NA | 0 | |
|
Carbon Tax
Is the organisation supporting policy and legislative measures to address climate change: carbon tax. |
NS | -2 | NA | -1 | 0 | -1 | NA | NA | |
|
Emissions Trading
Is the organisation supporting policy and legislative measures to address climate change: emissions trading. |
-1 | 0 | NA | -1 | -1 | 0 | NA | NA | |
|
Energy Efficiency Standards
Is the organisation supporting policy and legislative measures to address climate change: Energy efficiency standards and targets |
NS | NS | NA | -2 | -1 | -2 | NA | NA | |
|
Renewable Energy Legislation
Is the organisation supporting policy and legislative measures to address climate change: Renewable energy targets, subsidies and legislation. |
NS | 0 | NA | -2 | -1 | NS | NA | NA | |
|
Energy Policy and Mix
Is the organisation supporting policy and legislative measures to address climate change: energy policy and the energy mix. We refer to IPCC thinking on renewables, coal, oil and gas. |
-1 | 0 | NA | -1 | 0 | -1 | NA | NA | |
|
GHG Emission Standards
Is the organisation supporting policy and legislative measures to address climate change: GHG emission standards and targets. |
-1 | -1 | NA | -1 | -1 | -2 | NA | NA | |
|
Disclosure on Relationships
The Caring for Climate “inventory” of climate change policy influences: Are companies being transparent about their business associations which may impact climate debate and policy |
-1 | NS | NA | NA | NA | NA | NA | 2 | |
MEDEF is actively lobbying French and EU climate change policy with consistent negative support. Although MEDEF declared strong support for the Paris Agreement in 2015, they were prominent opponents of a law on the energy transition in France in 2013. MEDEF have lobbied for a GHG emissions target over renewable energy and energy efficiency targets in the EU 2030 Climate and Energy Framework, supporting a flexible target conditional on COP21 outcomes. MEDEF also appear to have supported a carbon tax at COP21 in 2015, despite having previously successfully lobbied against a carbon tax in France. MEDEF seem to have consistently expressed concern over what it sees as multiple and inconsistent climate targets in both France and the EU. Additionally, in a 2013 consultation on the EU ETS MEDEF supported increasing free allowances for the energy and industrial sectors, weakening the effectiveness of the scheme. Evidence also suggests MEDEF support unconventional gas exploitation and the continued use of coal in the energy mix. However, in 2015 MEDEF also declared support for the phase-out of fossil fuel subsidies at COP21.