How Auto Parts Makers are Lobbying to Delay EU’s Decarbonization Agenda
The industry group is at odds with investors and its finance sector members on emerging US disclosure requirements
German automakers dominate the fight to weaken climate regulation
This briefing analyzes the 20 largest, US-based companies with InfluenceMap Organization Scores over 65, indicating broadly positive positioning towards climate change policy. Despite their apparent support for climate action, the majority of these companies are not publicly endorsing the Build Back Better Act.
This research assesses 723 equity funds specifically marketed using ESG- and climate-related key words, with over US$330 billion in total net assets. It does so on the basis of two climate criteria (portfolio Paris Agreement alignment and fossil fuel intensity) likely to be of primary interest to investors in funds marketed in this manner.
Despite the CA100+ initiative having clear expectations on Paris-aligned lobbying, only 2 of the 31 CA100+ target companies found to be engaging on the taxonomy appear to be supportive of its science-based guidance with 4 companies advocating mixed or unclear positions, leaving more than 80% pushing the Commission to weaken the criteria that define what can be considered sustainable.
The US government is proposing a bold climate policy and fiscal spending agenda which will face its crucial test in US Congress in late September 2021. The $3.5 trillion 'Reconciliation Bill' has been described as a “once in lifetime” chance to pass meaningful climate policy in the United States.
The UK Governments ambitions on transport decarbonization are likely at risk due to the influence of a minority group of automotive interests opposed to binding policy on an internal combustion engine (ICE) phase out.
European companies backing robust, science-based regulation on CO2 emissions under the EU Sustainable Finance Taxonomy are also performing better on stock markets when compared with their peers that are opposing the same policy, according to analysis of InfluenceMap's policy position scores and financial metrics from external databases.
See this link for the English version.
The following briefing focuses on how Japanese industry associations lobbied the Taxonomy and considers how these lobbying positions contrast with those of some leading European financial institutions.
The five Big Tech companies (Apple, Alphabet, Amazon, Facebook & Microsoft) account for more than 25% of the value of the S&P500 and 20% of its Q3 2020 profits.
This Lobbying Update provides details of corporate lobbying on key policies in 2021 thus far, including the Victorian Gas Substitution Roadmap, the inquiry into the prudential regulation of investment in Australia's export industries, the gas-fired recovery plan, the remit expansion to ARENA, and post 2025 market design options. InfluenceMap will continue to provide corporate lobbying updates regularly on this platform.
InfluenceMap's new research looked at the 50 most economically significant companies in Australia in relation to climate change and their potential to influence climate policy. The research found that none are strategically supporting Australian climate policy in line with the goals of the Paris Agreement. In contrast, nearly half of the companies assessed hold policy positions that are misaligned from the goals of the Paris Agreement. Full details are on InfluenceMap's interactive platform.
New research from InfluenceMap shows the oil and gas sector to have dominated climate-related policy battles throughout COVID-19 crisis.
Intensive lobbying throughout 2020 from real economy sectors has extracted significant concessions from the European Commission on its EU Sustainable Finance taxonomy.
This report finds the Big Six utility companies have undue influence on UK energy policy and regulation, hindering the clean energy transition and posing significant investor risk.
How taxpayer's funding is being spent on diesel subsidies worth almost £260m
To qualify, a company must exhibit sufficient support for ambitious climate policy, strategic levels of engagement with climate policy, and leadership in its sector. Links to industry associations egregiously opposing climate policy can disqualify a company from the list.
Research by InfluenceMap reveals the California based tech giant's pledges on the use of renewable energy are backed up by its calls to policy makers to push through ambitious climate change policy and legislation. Apple tops our current scoring with its recent support of ambitious climate policy and is the first to score an "A" in our system.
SC제일은행, ‘지속가능투자 프레임워크’로 그린워싱 걸러낸다
Click for full article
BP won't quit controversial US oil lobby. Its CEO explains why
click here for full article
In Your Facebook Feed: Oil Industry Pushback Against Biden Climate Plans
click here for full article
InfluenceMap maintains the world’s leading database of corporate and industry association lobbying of climate policy around the globe. Our research and reports have been informing investors, the media and the corporate sector since 2015. InfluenceMap is a data provider to the Climate Action 100+ investor process.
The Japan Energy Transition Initiative (JETI) is a collaboration of global and Japanese think tanks dedicated to accelerating the energy transition among business, finance and policy makers in Japan.
InfluenceMap maintains the FinanceMap platform which is the most comprehensive publicly available metrics and analysis of the asset management sector through a climate lens, both on portfolios and corporate stewardship.
Through its climate lobbying and FinanceMap platforms, InfluenceMap generates reports, notes and blogs drawing from our analytics and data-driven assessments of how business is performing on climate change. Browse our thematic reports and blogs.