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.
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.
These groups are funded by some of Europe’s largest corporations including Volkswagen Group, LafargeHolcim, TotalEnergies, Repsol, and ArcelorMittal, all of whom are now touting net-zero targets for climate, as well as supporting climate science and the UNFCCC process in the run-up to COP26.
This research finds that Australia’s most influential industry associations are having an overwhelmingly negative impact on climate policy, with 75% of the groups assessed taking positions against climate regulations while promoting a pro-fossil fuel agenda. This research is part of InfluenceMap’s ongoing research on corporate climate lobbying, which feeds into investor processes globally. The results will be of prime interest to numerous asset managers and owners currently engaging on the topic with corporations operating in Australia.
This research finds that Australias most influential industry associations are having an overwhelmingly negative impact on climate policy, with 75% of the groups assessed taking positions against climate regulations while promoting a pro-fossil fuel agenda.
The US automotive industry, led by Ford, GM, Fiat Chrysler and Toyota, has spent millions of dollars in the last few years in an effort to dismantle a decade of policy progress on US vehicle efficiency and greenhouse gas emissions.
Since the conception of the EU ETS over a decade ago, the European cement industry has succeeded in crippling the original ambition of the policy, which was to decarbonise European industry, whilst booking billions of Euros in pure profits from the allocation of credits.
InfluenceMap has identified the 50 companies most influential in shaping climate and energy policy around the world. Some of these (such as ExxonMobil) are in opposition while others (such as Apple and Unilever) are championing ambitious national-level policy to support their decarbonization plans...