Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Ampol Limited appears to have a low overall engagement with climate policy and displays a mix of positive and negative positions. Although the company supports an increased role for hydrogen and biofuels in the transport sector, its positioning on the need to decarbonize hydrogen production is unclear.
Top-line Messaging on Climate Policy: Ampol Limited displays broadly positive but limited top-line messaging on climate change. The company supported the goals of the Paris Agreement in its 2023 Climate Report, published July 2023, as well as net-zero targets, but it remains unclear whether Ampol Limited is supporting near term action to achieve these goals.
Engagement with Climate-Related Regulations: Ampol Limited displays limited transparent engagement with specific climate-related regulations. The company appeared to advocate for several provisions that risk undermining the climate ambition of Australia’s Safeguard Mechanism reforms in a September 2022 consultation submission, including delays in the implementation of proposed baselines. Although Ampol Limited appeared to recognize the importance of the Mechanism in meeting Australia’s emissions targets in its 2023 Climate Report, it also advocated for a slower-paced approach for facilities in hard-to-abate sectors.
Positioning on Energy Transition: Ampol Limited’s positioning on the energy transition appears to be mainly limited to the transport sector. The company supported the use of hydrogen for light duty vehicles in an October 2023 media release and for heavy duty vehicles in an August 2023 media release and has also frequently supported the increased use of biofuels and synthetic fuels, for example in a September 2023 media release. However, Ampol Limited does not appear to comment on the need to decarbonize hydrogen production, and there is some ambiguity regarding their support for the overall transition of the energy mix with a timeframe in line with IPCC guidelines.
Industry Association Governance: Ampol Limited disclosed a partial list of its industry association memberships in its 2023 Annual Report, published in February 2024, but did not provide details on each group’s climate policy positions. Among others, Ampol Limited is a member of the Australian Industry Greenhouse Network and the Australian Institute of Petroleum, both of which are actively engaged on climate policy and engaged with negative positions on Australia’s Safeguard Mechanism reforms.
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 Q1 2024.