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: Inditex appears to have low engagement with climate change policy, but it takes a positive stance on various global initiatives. It is supportive of top-line ambition and supports the transition to a low carbon economy.
Top-line Messaging on Climate Policy: Inditex is supportive of top-line ambition on climate change. In its 2020 Annual Report the company stated support for limiting global temperature rise to 1.5°C and a net-zero fashion and textile industry by 2050. Inditex also was supportive of the goals of the UN Paris Agreement in the 2020 Annual Report. In 2020, Inditex signed a joint letter advocating for more ambitious climate policy to decarbonize the economy, and for recovery efforts from the COVID-19 pandemic to be aligned with climate science.
Engagement with Climate-Related Regulations: Inditex does not appear to have actively engaged with climate regulations. In its 2019 CDP Climate Change disclosure, the company stated it supported energy efficiency legislation, but did not appear to specify a position on a policy. In a joint statement signed by the CEO Pablo Isla in June 2021, Inditex advocated for governments to implement market-based carbon pricing systems with increasing carbon prices, and for a global carbon market. The signed statement also supported interim 2030 GHG targets of 50% emissions reductions for states’ Nationally Determined Contributions at COP26.
Positioning on Energy Transition: In its 2020 Annual Report, Inditex supported the transition to a climate neutral economy, and in its 2020 Corporate Governance report it was supportive of a zero emissions global logistics sector. In a joint statement signed by the CEO Pablo Isla in June 2021, Inditex advocated for the removal of fossil fuel subsidies and for the phase out of coal.
Industry Association Governance: Inditex does not appear to have a dedicated disclosure of its industry association membership, but has disclosed a list of partnerships. This list omitted its membership of CEOE and BusinessEurope, which have mixed, active engagement on climate policy in Spain, and the EU respectively. The company has not published a review of its alignment of positions on climate policy with industry associations.