Banpu

Sector

Energy

Headquarters

Bangkok, Thailand

Official Website

centennialcoal.com.au

Wikipedia

Banpu

Brands and Associated Companies

Centennial Coal, Banpu Energy Australia

Climate Policy Engagement Analysis

Climate Policy Engagement Overview: Banpu appears to have largely negative engagement with climate change policy and regulations, with very limited overall engagement. While the company has issued broad top-line support for action on climate change, it appears to support a continued role for coal and fossil gas in the energy mix. Evidence for this entity has also been collected through one of Banpu’s wholly owned subsidiaries, Centennial Coal, based in Australia.

Top-line Messaging on Climate Policy: Banpu appears to have broadly supportive, albeit limited, top-line communications on climate change. In its 2021 Sustainability Report, published in May 2022, Banpu appeared to communicate support for emissions reductions to prevent further global temperature increases. However, it is unclear whether the company supports emissions reductions in line with IPCC recommendations. In the same report, Banpu communicated an unclear position on the need for government regulation to respond to climate change, stating that "strict regulations" are the global agenda, without providing a clear position on whether it supported regulation.

Engagement with Climate-Related Regulations: InfluenceMap was unable to find any evidence of Banpu’s engagement on specific items of climate-related regulations. Banpu does not transparently disclose its climate policy positions in its 2021 Sustainability Report, or on its corporate website, and since 2019 its CDP responses appear to be non-public.

Positioning on Energy Transition: Banpu appears to support a sustained role for fossil fuels in the energy mix, contrary to IPCC guidance. In its 2021 Annual Report, published in March 2022, Banpu appeared to issue support for the continued role of coal in the energy mix, emphasizing the need for depleted coal reserves to be replaced with new reserves. Additionally, as reported in a November 2022 Daily Telegraph article, Centennial Coal CEO, Craig Gillard, opposed the early retirement of coal assets, stressing that New South Wales will be in “serious trouble” if Origin Energy proceeds with plans to close the Eraring power station seven years early. In a January 2023 Bangkok Post article, Banpu CEO Somruedee Chaimongkol also stated support for fossil gas as a “bridge” between fossil and renewable fuels

Industry Association Governance: As of January 2023, Banpu does not appear to transparently disclose its industry association memberships in any of its publications or on its corporate website. However, Centennial Coal is a member of the NSW Minerals Council, which has engaged in obstructive lobbying on climate change policy in Australia in the past.

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InfluenceMap Score for Climate Policy Engagement

E

Performance Band

32%

Organization Score

N/A

Relationship Score

7%

Engagement Intensity

Primary Evidence

All primary evidence used to inform the analysis of Banpu can be found in the two tabs below below. In the first tab, hyperlinks in each cell of the matrix provide access to evidence collected on Banpu's direct policy engagement activities. The second tab provides a record of any links between Banpu and the Industry Associations stored in the LobbyMap database.

DATA SOURCES
QUERIES
Main Web Site

Main Web Site

Corporate Media

Corporate Media

CDP Responses

CDP Responses

Direct Consultation with Governments

Direct Consultation with Governments

Media Reports

Media Reports

CEO Messaging

CEO Messaging

Financial Disclosures

Financial Disclosures

Communication of Climate Science

11NANSNS-1NS

Alignment with IPCC on Climate Action

0NSNSNSNS0NS

Supporting the Need for Regulations

0NSNSNSNSNSNS

Support of UN Climate Process

0NSNSNSNSNSNS

Transparency on Legislation

-2NA-2NANANANS

Carbon Tax

NSNSNSNSNS0NS

Emissions Trading

NSNSNSNSNSNSNS

Energy and Resource Efficiency

NSNSNSNSNSNSNS

Renewable Energy

NSNSNSNSNSNSNS

Energy Transition & Zero Carbon Technologies

-20NS-2NS-2NS

GHG Emission Regulation

NSNSNSNSNSNSNS

Disclosure on Relationships

-2NA-2NANANANS

Land Use

NSNSNSNSNSNSNS