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.
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Climate Lobbying Overview: China Shenhua Energy appears to have communicated a positive top-line position on climate policy, but has limited engagement with specific climate policies. However, the company has actively promoted a long-term role for coal in the energy mix, alongside unabated fossil gas and renewables.
Top-line Messaging on Climate Policy: Shenhua Energy’s top-line communications on climate change are limited in number but appear broadly positive. In a Joint Statement on China’s Carbon Peak and Neutrality Goals announced in January 2021, China Energy Investment Group (China Energy), the parent company of Shenhua Energy, appeared supportive of the Paris Agreement. Shenhua Energy also voiced support for the Chinese government’s pledge to reach carbon peak by 2030 and carbon neutrality by 2060, at the China Enterprise Forum held in September 2021. In a December 2021 press release, China Energy backed government regulations to lay out a roadmap to achieve China’s carbon peak and neutrality targets.
Engagement with Climate-Related Regulations: Shenhua Energy appears to have limited transparent engagement with climate-related policy. In a June 2022 blog post on Weibo, China Energy communicated positively on the impact of China’s national carbon market on the incentives of emissions reduction in industries. In a press release in September 2021, the company stated support for a newly launched green power trading scheme in China, which would incentivize the purchase of electricity generated exclusively from renewable energy. Shenhua Energy does not appear to have disclosed its engagement with other climate policy streams.
Positioning on Energy Transition: Shenhua Energy does not appear supportive of the energy transition away from fossil fuels. As reported by China National Radio in June 2022, Shenhua Energy stated that, facing the conflict between Russia and Ukraine and the continued Covid pandemic, the best solution would be to develop both traditional and new energy resources. In a March 2022 blog post on Wechat, China Energy supported a continued role for coal in the energy mix, stating that coal will remain a primary energy source in China in the long term. In September 2021 on Weibo, it suggested that using coal as a raw material for the chemical industry, instead of as a fuel being burned for energy, will reduce emissions, and therefore ease the burden for China to meet its climate targets on time. In another post on Weibo in May 2022, China Energy supported utilizing mine gas as a clean energy source, without communicating the need for the deployment of CCUS. However, in July 2020, Shenhua Energy appeared supportive of increasing the share of wind power in a blog post. As reported by China Power News Network in May 2020, Shenhua Energy also called for an expanded role for hydrogen in the energy mix and relevant policy to support the industry, however, without any clear indication on the need to decarbonize hydrogen production.
Industry Association Governance: As of August 2022, Shenhua Energy does not appear to have disclosed its membership in any industry associations. It has not disclosed its CDP submission to the public in 2021. The company holds membership in China Petroleum and Chemical Industry Federation, which has frequently communicated its support for further exploration of fossil fuels as well as relevant infrastructure.
Additional Note: China Shenhua Energy is a listed company with more than 50% of its shares owned by the government of China. State-owned enterprises likely retain channels of direct and private engagement with government officials that InfluenceMap is unable to assess, and therefore are not represented in China Shenhua Energy's engagement intensity metric.
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 2022.