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: Bumi Resources appears to have limited transparent engagement with specific climate-related policies, although it has supported Indonesia’s 2030 and 2060 GHG targets. The company continues to support a sustained role for coal in the energy mix, including incentives for coal companies under Indonesia’s Omnibus Bill.
Top-line Messaging on Climate Change: Bumi Resources appears to have limited top-line communications on climate change. In an April 2022 press release, President Director Adika Nuraga Bakrie supported the Government of Indonesia’s target of net zero emissions by 2060. In its 2021 Sustainability Report, published in May 2022, Bumi Resources also supported global commitments to reduce carbon emissions but with no reference to whether this was consistent with IPCC science. Bumi Resources also does not appear to explicitly support the Paris Agreement or the need for government regulation to respond to climate change.
Engagement with Climate-Related Regulations: Bumi Resources appears to have limited transparent engagement with climate-related policy. In its 2021 Sustainability Report, published in May 2022, the company stated support for Indonesia’s 2030 GHG target under its Nationally Determined Contribution. However, InfluenceMap found no further evidence of engagement with climate-related regulations. Bumi Resources has not responded to CDP’s Climate Change Information Request from 2012 to 2022.
Positioning on Energy Transition: Bumi Resources appears unsupportive of the energy transition and continues to support a sustained role for coal in the energy mix. In its 2021 Sustainability Report, published in May 2022, Bumi Resources supported a continued role for coal in the transition to a low-carbon economy, without reference to the need for carbon capture and storage (CCS) or an overall reduction of the share of coal in the energy mix. In October 2021, as reported by Nikkei, a Bumi Resources spokesperson warned of the “catastrophic economic and social consequences” of a move to phase out fossil fuels, and projected an increase in demand for coal in Asia. In its 2020 Annual Report, published in July 2021, Bumi Resources welcomed the ratification of Indonesia’s Omnibus Law. This policy provides incentives for coal mining companies to invest in coal gasification, including the removal of royalty charges, expanding the size limit of coal projects and the extension of mining permits. Prior to its ratification, Bumi Resources’ Director and Corporate Secretary, Dileep Srivastava, also supported the bill in comments provided to Reuters in January and February 2020.
Industry Association Governance: Bumi Resources has disclosed its membership to eight industry associations in its 2021 Sustainability Report, published in May 2022. However, the disclosure does not include details of each association’s positions on, or engagement with, climate change policy. Bumi Resources has not published a review of alignment with its industry associations on climate change. InfluenceMap has found no evidence of memberships to industry associations in our database.
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 2022.
Additional Note: Bumi Resources is headquartered in Indonesia, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of Bumi Resources' climate policy engagement activities, these scores should be considered provisional at this time.