We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Damien Nicks, Chief Executive Officer of AGL, is on the board of directors of the Australian Energy Council (Up to date as of August 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Graeme Hunt, Interim Managing Director and CEO at AGL Energy, is on the Board of Directors of the Australian Energy Council (Correct as of July 2022)
Graeme Hunt
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Brett Redman, Chief Executive of AGL Energy, is Chair of the Board of Directors of the Australian Energy Council
Brett Redman
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Damien Nicks, Chief Executive Officer of AGL, is on the board of directors of the Australian Energy Council (Up to date as of August 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Graeme Hunt, Interim Managing Director and CEO at AGL Energy, is on the Board of Directors of the Australian Energy Council (Correct as of July 2022)
Graeme Hunt
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Brett Redman, Chief Executive of AGL Energy, is Chair of the Board of Directors of the Australian Energy Council
Brett Redman
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Jane Buter, Head of Product, Strategy and New Technology at AGL is on the board of directors of the Energy Efficiency Council (last updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Jane Buter, Head of Product, Strategy and New Technology at AGL is on the board of directors of the Energy Efficiency Council (last updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
AGL Energy is one of over 80 direct members of CMI (Up to date as of August 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
AGL Energy is one of over 80 direct members of CMI (Up to date as of August 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
AGL Australia is one of between 20-100 direct members of the Electric Vehicle Council (Up to date as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
AGL Australia is one of between 20-100 direct members of the Electric Vehicle Council (Up to date as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
AGL is one of over 100 direct members of Business Council of Australia (Up to date as of August 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
AGL is one of over 100 direct members of Business Council of Australia (Up to date as of August 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
AGL Energy is one of over 100 members of Ai Group (Up to date as of August 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
AGL Energy is one of over 100 members of Ai Group (Up to date as of August 2023)
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Policy Engagement Overview: AGL appears to support climate policy in Australia in 2023-22. The company recognizes the need to act on climate change and has supported a range of specific climate-related policies in Australia in 2022-2023. AGL appears to support the transition of the energy mix, but appears to not support the early closure of coal assets.
Top-line Messaging on Climate Policy: AGL’s top-line messaging on climate policy is supportive of ambitious climate action in Australia. In a July 2023 consultation submission to the Climate Change Authority, the company declared support for net-zero emissions by 2050. In AGL's Climate Transition Action Plan published in September 2022, the company stated that it supported policy action from governments to achieve the goals of the Paris Agreement.
Engagement with Climate-Related Regulations: AGL appears to be highly engaged with federal level climate-related policies in Australia, with overall positive positions. The company has been supportive of renewable energy legislation. For example, in February 2023, the company supported the introduction of the proposed guarantees of origin scheme for renewable energy in a consultation response on the issue. AGL supported extending the Renewable Energy Target beyond 2030 in an August 2022 consultation response. AGLstrongly supported ambitious reform of the Safeguard Mechanism in 2022-23 in both its September 2022 and February 2023 consultation responses. AGL supported Australia’s National Energy Performance Strategy in a February 2023 consultation submission and supported proposed legislative changes to incorporate an emissions' reduction objective into the National Energy Objectives and advocated for further interim emissions reduction targets, in a consultation response, also February 2023.
However, the company appears less supportive of state-level policy, in a November 2022 consultation response on the New South Wales' Environmental Protection Agency's Climate Change Policy and Action Plan, AGL appeared to not support proposed sector-wide greenhouse gas emissions targets. In June 2022, the company responded to Victoria's consultation on its 2035 emissions reduction target, in which it appeared to not support the setting of a more ambitious target, arguing policy should be set at a federal level.
Positioning on Energy Transition: AGL has expressed top-line support for the transition of the energy mix, but appears to not support the early closure of coal assets. In a July 2023 consultation response to the Climate Change Authority, AGL stated support for increasing the share of renewables in the energy mix. AGL appears supportive of the electrification of transport, supporting Australia’s National EV Strategy in its November 2022 consultation response as well as Victoria’s Zero Emissions Vehicle Roadmap in October 2022. However, it also appeared to not support the early-retirement of coal assets in consultation response on the NSW EPA Draft Climate Change Policy and Action Plan in November 2022. Industry Association Governance: AGL has disclosed its membership of industry associations engagement on climate policy and published a review of its memberships. This was published in May 2020 and no update appears to have been released since. AGL retains membership of the Business Council of Australia, the Australian Energy Council, and Australian Pipelines and Gas Association, all of which are engaged on climate policy in Australia. A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.
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 Q4 2023.