These investor briefings provide an assessment of the alignment of the climate policy engagement of Rio Tinto, Santos, and Woodside with the 1.5°C goal of the Paris Agreement.
This analysis includes the companies' direct climate policy engagement, indirect advocacy via industry associations, as well as their governance and review processes in place to monitor and review alignment between their climate policy engagement and the goals of the Paris Agreement
They are designed as a resource to inform investor discussion and engagement on each company's positioning and advocacy on key climate-related policies ahead of their respective 2023 Annual General Meetings (AGMs).
While there are no shareholder resolutions on the ballot at these companies on the topic of climate policy engagement, a company's advocacy is a strong indicator of sound corporate governance and provides insight into management thinking on the transition to a net-zero economy. Therefore, if a company's climate policy engagement is inconsistent with the Paris Agreement's 1.5°C goal, this suggests that the company's business model is not prepared for a low-carbon transition.