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.
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.
Climate Lobbying Overview: The Bank of Queensland’s engagement on climate change policy appears to be limited to top-line support for climate action and Australia’s energy transition. InfluenceMap has found no evidence of the company’s positions on specific climate-related regulations and it has not publicly disclosed its industry association memberships.
Top-line Messaging on Climate Policy: The Bank of Queensland displays positive top-line messaging on climate action. The company has continually expressed support for efforts to limit global warming to 1.5°C and for the goals of the Paris Agreement between 2018-2023, most recently in its 2022 Sustainability Report, published October 2022, and on its corporate website, accessed April 2023. The Bank of Queensland also appeared to issue support for government regulation on climate change in its 2021 Annual Report, published October 2021.
Engagement with Climate-Related Regulations: The Bank of Queensland does not appear to have transparently engaged on any climate-related regulations from 2018-2023. The company has not submitted a response to CDP’s climate change information request from 2018-2022, nor does it have a dedicated, clearly identifiable disclosure of its climate-relevant policy positions and lobbying activities, as of April 2023.
Positioning on Energy Transition: The Bank of Queensland’s advocacy on the energy transition is confined to top-line statements of support for Australia’s transition to a low carbon economy. In its 2022 Annual Report, published October 2022, the Bank of Queensland stated that it was committed to “supporting Australia and our customers to transition to a low-carbon and climate-resilient economy”. The company appeared to reiterate its support for Australia’s transition to a lower carbon economy in its 2022 Sustainability Report, published October 2022.
Industry Association Governance: InfluenceMap has not been able to find any transparent disclosures from the Bank of Queensland on its industry association memberships, nor on related governance.