Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Anglo American is actively engaged on climate policy, exhibiting both positive and negative engagement. The company opposed climate-related regulations in the EU and Australia, and supports the role of fossil gas in the energy mix. However, it has also expressed support for the energy transition and for greater uptake of renewable energy.
Top-line Messaging on Climate Policy: Anglo American appears broadly supportive of climate action in its top-line messaging. On its ‘Climate Advocacy’ webpage, accessed in July 2025, Anglo American supported greenhouse gas emissions reductions in line with the Paris Agreement’s 1.5°C target. On the same webpage, the company supported government policy or intervention to make sure carbon is priced into the economy.
Engagement with Climate-Related Regulations: Anglo American has limited engagement on specific climate-related regulations. Its advocacy is limited to general support for renewable energy policies and energy efficiency subsidies, disclosed on its ‘Climate Advocacy’ webpage (accessed July 2025). It also appeared to support policy for protecting and enhancing carbon sinks and reservoirs on the same webpage.
Its previous engagements on climate policy have been more negative. For example, the company opposed reforms to the Australian Safeguard Mechanism (SGM) in September 2022 and February 2023 consultation responses, where it was unsupportive of historical emissions being used to calculate baselines, stating that due to the “geological characteristics of coal,” such methods are not accurate.
Positioning on Energy Transition: Anglo American appears to support the transition of the energy mix to renewables, but supports the continued role of fossil gas in some sectors. For example, in its 2024 Integrated report, published February 2025, and its 2023 Climate Change report published in March 2024, Anglo American supported the use of liquified natural gas in marine transport, without placing clear conditions on carbon capture and storage or methane abatement.
The company has however expressed consistent support for transition to renewables, and the development of hydrogen for transport and heavy industry. On its ‘Climate Advocacy’ webpage, accessed July 2025, Anglo American clearly supported the transition to renewable energy. In its 2023 Climate Change report, published March 2024, it supported the use of hydrogen for renewable energy storage, and in its April 2024 Sustainability report supported the use of green hydrogen to decarbonize shipping and heavy industry. More recently, it has expressed support for the use of hydrogen in light and heavy-duty vehicles to compliment electrification, in a January 2025 joint letter to policymakers.
The company also engages on the decarbonization of steel production. Anglo American subsidiary Kumba Iron Ore stated in its 2023 Climate Change report, published in March 2024, that it supported the decarbonization of the steel industry but stressed the limited availability of options to achieve emission reductions in the short-term. Specifically, it took an unclear position on the proportion of virgin iron to scrap iron feedstock in steelmaking, and appeared to support electric arc furnaces with direct reduced iron but with unclear positions on decarbonizing hydrogen production when used as a reductant.
Industry Association Governance: Anglo American discloses its industry association memberships and publishes a review of the company’s alignment with their positions on climate change on a biennial basis. Anglo American retains memberships to industry associations engage on climate policy with positions counter to the goals of the Paris Agreement, including the Minerals Council of Australia, and Eurometaux.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2025.
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.