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.
Open PDF file of Data Source
Climate Lobbying Overview: Banpu appears to have very limited engagement with climate change policy and regulations. 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 2020 Sustainability Report, published in May 2021, Banpu acknowledged the risk of climate change to its business via extreme weather events and climate-related legislation. In the same report, Banpu supported the need for “severely strict regulations in each country” to limit GHG emissions. Banpu’s Climate Change Policy, published in April 2018, also supported the need to limit global temperature increase to 2°C.
Engagement with Climate-Related Regulations: InfluenceMap was unable to find any evidence of Banpu’s engagement on specific items of regulation. Banpu does not appear to transparently disclose its climate policy positions on its corporate website, and its CDP response appears 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 2019 Sustainability Report, published in May 2020, Centennial Coal appeared to support a transition of the energy mix from coal to renewables. However, in response to a Parliamentary Inquiry into the regulation of Australia's export industries in April 2021, Centennial Coal appeared to support a continued role for coal in the energy mix. In its submission, Centennial Coal criticized financial institutions for a lack of funding for the coal sector, emphasizing its importance to Australia’s competitiveness and the economy. In October 2020, Banpu CEO Somruedee Chaimongkol also supported the expansion of natural gas in the energy mix until 2050, without reference to the need for CCS technology.
Industry Association Governance: Banpu does not appear to transparently disclose its industry association memberships on its corporate website, nor related governance processes. However, Centennial Coal has senior executives on the board of NSW Minerals Council, which has engaged negatively on climate change policy in Australia.