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.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A senior executive at Enagas is on the board of Gas Infrastructure Europe (Correct as of August 2023)
Luis Ignacio Parada
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A senior executive at Enagas is on the board of Gas Infrastructure Europe (No longer on the board - August 2023)
Francisco de la Flor
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A senior executive at Enagas is on the board of Gas Infrastructure Europe (Correct as of August 2023)
Luis Ignacio Parada
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A senior executive at Enagas is on the board of Gas Infrastructure Europe (No longer on the board - August 2023)
Francisco de la Flor
--no extract--
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 Policy Engagement Overview: Enagás appears to be engaged on climate policy with a mixture of positive and negative positions overall. The company’s top-line communications on climate policy are generally positive, however it remains negatively positioned on the energy transition with its support for the long-term role of fossil gas in the energy mix.
Top-line Messaging on Climate Policy: Enagás’ top-line communications on climate policy appear to be generally positive. The company stated support for limiting temperature increase to 1.5°C in an October 2022 blog. Enagás has previously also stated support for the EU Green Deal, and its 2050 climate neutral target, according to a January 2021 opinion piece in Financier Worldwide. The company also appears to support the need for climate regulation, stating in its 2022 Annual Report, published in March 2023, that as part of the ‘We Mean Business Coalition’, the company is committed to driving policies towards a low-carbon economy, such as carbon pricing.
Engagement with Climate-Related Regulations: Enagás’ engagement with climate-related regulation appears to be generally negative, albeit relatively limited. The company does not appear to support GHG emissions legislation. For example, in April 2022 comments, Enagás advocated to weaken measures for methane emission leak detection and repair in the EU Methane Regulation. The company also did not appear to support the EU's CO2 emissions standards for light duty vehicles in its 2022 CDP climate change disclosure.
Enagás’ engagement with renewable energy and energy efficiency policy also appears to be negative. For example, in its 2022 CDP climate change disclosure, despite stating support for the EU’s 40% 2030 renewable energy target, the company advocated for the inclusion of non-renewable low-carbon fuels in the policy. In the same CDP disclosure, Enagás advocated for several exceptions in the EU Energy Efficiency Directive, including flexibility in targets.
Positioning on Energy Transition: Enagás’ engagement on the energy transition appears to be mixed, with the company supporting the long-term role of fossil gas in the energy mix and transport sector, but also an expanded role for renewable hydrogen. For example, in the company’s 2022 Annual Report, published in March 2023, it advocates for the long-term role of fossil gas in the energy mix and heavy-transport sector. Enagás has also advocated for the role of liquefied natural gas (LNG) in EU transport policy, including the EU Alternative Fuels Infrastructure Directive and FuelEU Maritime in its 2022 CDP climate change disclosure.
Alongside its support for fossil gas, Enagás also appears to support the role of renewable hydrogen in the energy transition. On its corporate website, accessed in August 2023, Enagás supported the role of renewable hydrogen for use in heavy industry, shipping and hard-to-abate sectors. In a December 2022 blog, the company also appeared to support the use of renewable hydrogen for the medium to long-term decarbonization of the aviation sector.
Industry Association Governance: Enagás publicly discloses a partial account of its industry association memberships but does not comment on how the company is attempting to influence these groups, nor has it published a full review of its industry association links. The company has links to trade associations similarly engaged on climate policy with mixed to negative positions, including Gas Infrastructure Europe, and Spanish Confederation of Business Organizations (CEOE).