Climate Policy Engagement Analysis
Climate Policy Engagement Overview: AGL appears to be strategically engaged with climate policy in Australia, with overall supportive positions. The company recognizes the need to act on climate change in its top-line messaging and has supported a range of specific climate-related policies, particularly relating to electrification and energy efficiency measures. AGL displays a mix of positive and negative positions on the energy transition, supporting an increase in renewables while advocating a prolonged role for fossil gas.
Top-line Messaging on Climate Policy: AGL’s top-line messaging on climate policy is supportive of ambitious climate action in Australia. For example, the company stated support for Australia’s 2050 net zero target on the Sustainability page of its corporate website, accessed April 2025. AGL reiterated this support in a May 2024 consultation submission to the Climate Change Authority, while also backing Australia’s commitment to the Paris Agreement.
Engagement with Climate-Related Policies: AGL engages with mostly positive positions on climate-related policy in Australia, particularly on energy efficiency and renewable energy measures. For instance, the company supported the proposed update to South Australia’s renewable energy target in an April 2024 submission. AGL has also consistently supported the development of Australia's Guarantee of Origin Scheme and its role in aiding increased renewable energy generation, for example in a March 2025 consultation submission. However, AGL also advocated for the New South Wales government’s Renewable Fuel Scheme eligibility criteria to be expanded beyond renewable hydrogen to include other zero-emissions fuels, including biomethane, in a February 2024 submission.
Additionally, AGL supports federal and state energy efficiency legislation, emphasizing the need for improved energy efficiency standards for households and buildings in Victoria while also generally supporting Australia’s National Energy Performance Strategy in a March 2025 consultation submission to Victoria’s Building Electrification Regulatory Impact Statement. AGL also appears supportive of various greenhouse gas emissions regulations, stating support for Australia’s New Vehicle Efficiency Standard in May 2024 submission, while also advocating for setting an ambitious 2035 emissions reductions target in Australia.
Positioning on Energy Transition: AGL displays a mix of positive and negative positions on the energy transition, supporting an increase in renewables and electrification of transport and industry while also advocating a prolonged role for fossil gas in the energy mix. For example, the company supported Australia’s Electric Vehicle Strategy in an August 2024 submission to Australia’s Transport and Infrastructure Net Zero Consultation Roadmap. Furthermore, AGL appeared to support the transition from coal to renewables and stressed the need to avoid perverse incentives in policy support in its comments on the Orderly Exit Management Framework in February 2024.
However, AGL also advocates for the continued role of fossil gas in Australia’s energy transition. The company’s CEO Damien Nicks appeared to support the use of firmed renewables with fossil gas supply in a February 2025 article in the Australian. Similarly, in its April 2024 comments on the Electricity and Energy Sector Plan, AGL stated support for a move towards renewable energy and electrification, while also stating that fossil gas will continue to be needed ‘for some of the transition’ but teasing the need to mitigate demand for fossil gas. AGL also appeared to support an increased role for renewable gas in the energy mix in a February 2025 submission, although without stating the intended use case or recognizing the potential limitations and uncertainties associated with an increased role for renewable gas.
Industry Association Governance: AGL has published a review of its alignment with its industry associations in its FY24 Industry Association Membership Review. The company found all associations included in the review to be aligned. AGL is a member of several associations that advocate for a prolonged role of fossil gas in the energy mix, including the Ai Group, the Australian Energy Council and the Business Council of 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 Q2 2025.