Boral Limited

InfluenceMap Score
for Climate Policy Engagement
Performance Band
Organization Score
Relationship Score
Construction Materials
Sydney, Australia
Official Web Site:

Climate Policy Engagement Overview: Boral displays low engagement on climate policy, with a mix of positive and negative positions. The company demonstrates limited, yet broadly broadly positive engagement with specific climate-related regulations in 2021-23, yet also appears to support a continued role for fossil fuels in the energy mix. Boral also maintains membership to the Cement Industry Federation, which has actively opposed a number of Australian climate policies in 2021-23.

Top-line Messaging on Climate Policy: Boral displays limited top-line messaging on climate policy in 2021-23. The company does not appear to have issued support for the Paris Agreement, or for emissions reductions in line IPCC advice, since its 2020 Sustainability Report, published in September 2020. Boral Chairman, Ryan Stokes, also appeared to issue qualified support for the need for government regulation to respond to climate change in a March 2023 Australian Financial Review article, emphasizing the threat of carbon leakage and deindustrialization.

Engagement with Climate-Related Regulations: Boral appears to have limited, yet broadly positive, engagement with specific climate-related regulations in Australia. As reported in an April 2023 Australian Financial Review article, Boral’s Chief Executive, Vik Bansal, issued mixed support for reforms to Australia’s Safeguard Mechanism, supporting the passage of the Mechanism whilst also emphasizing the need for it to avoid carbon leakage and loss of competitiveness. In the same article, Bansal also indicated broad support for the introduction of a Carbon Border Adjustment Mechanism in Australia.

Positioning on Energy Transition: Boral appears to assume a largely negative position on the energy transition, supporting a long-term role for fossil fuels in the energy mix. For example, in an August 2022 Australian Financial Review article, Boral Chairman, Ryan Stokes, advocated a continued role for coal in the energy mix, stating that “I think coal is going to be in the mix in the global energy environment for a significant period”. As reported in a January 2023 Australian Financial Review article, Stokes likewise appeared to oppose the early retirement of coal assets until a fully reliable replacement system is up and running, while also stating support for fossil gas as a transition fuel without clear conditions relating to CCS or mitigating methane emissions. On the other hand, former Boral Chief Executive, Zlatko Todorcevski, appeared to back Australia’s energy transition in a May 2022 Australian Financial Review article, issuing broad support for government policy measures to decarbonize the energy sector.

Industry Association Governance: Boral has disclosed a list of its “major” industry association memberships in its 2022 Sustainability Report, published in September 2022. However, Boral’s disclosure on its industry associations is limited to top-line climate statements, without reference to specific climate policies. The company retains membership to the Cement Industry Federation, which has actively opposed a number of Australian climate policies in 2021-23, and appears to remain a member of the Australian Industry Group, which has engaged in obstructive lobbying on climate policy in Australia in the past, although with some recent improvements.

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 2023.

Strength of Relationship

How to Read our Relationship Score Map

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.