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: Grupo México appears to have limited transparent engagement with climate policy, although the company has communicated positive top-line positions on the need for climate action under the Paris Agreement and the energy transition.
Top-line Messaging on Climate Policy: Grupo México’s top-line communications on climate change are broadly positive. In its 2021 Sustainability Report, published in 2022, the company supported the Paris Agreement and the need for commitments from “governments, companies and society”. In the same report, Grupo Mexico supported GHG emissions reductions in line with net-zero and 1.5°C, alongside the need for "national and international goals" to respond to climate change.
Engagement with Climate-Related Regulations: Grupo México does not appear to have any transparent public engagement on specific climate-related policies. In its 2021 Sustainability Report, published in 2022, the company stated that the company “does not make donations of any kind to organizations related to political campaigns, lobbying expenses or definition of public policies, legislation and/or regulations”. CDP responses for Grupo México and its subsidiary, Southern Copper Corporation, are not publicly accessible from 2012 to 2022.
Positioning on Energy Transition: Grupo México appears to have limited engagement on the energy transition beyond top-line messaging. In its 2021 Sustainability Report, published in 2022, the company supported the transition to a low-carbon economy including the integration of renewables and electric vehicles. In a November 2022 tweet, Grupo Mexico reiterated its support for electric vehicles and estimated that they will equal gasoline cars in number by 2025. In a March 2022 tweet, Grupo México appeared to support the decarbonization of the energy sector, as well as stating support for electrification. Grupo México’s subsidiary, Southern Copper Corporation, appeared to support the transition to green energy under the US Infrastructure Bill, in a May 2021 presentation accessible on the company’s website.
Industry Association Governance: Grupo México has disclosed a list of industry association memberships in its 2021 Sustainability Report, published in 2022. However, the report states that the company “does not make donations of any kind to organizations related to political campaigns, lobbying expenses or definition of public policies, legislation and/or regulations”. Grupo México is a member of Asociación Mexicana de Empresas de Hidrocarburos (AMEXHI), which takes predominantly negative positions on the energy transition away from fossil fuels.
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 Q4 2022.
Additional Note: Grupo Mexico is headquartered in Mexico, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of Grupo Mexico's climate policy engagement activities, these scores should be considered provisional at this time.