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.
Climate Lobbying Overview: Metcash appears to have very limited engagement on climate change, including top-line statements, specific climate-related policy or debate around the energy transition.
Top-line Messaging on Climate Policy: In 2021, on its corporate website, the company recognized some of the science of climate change, including the increased risk of extreme weather events. Metcash has also backed the Paris Agreement and the goal of limiting global warming to 2 degrees above pre-industrial levels in its 2021 Sustainability Report. In its 2020 Annual Report, has acknowledged the risk of climate regulation, but have not stated a position towards government policy in responding to climate change.
Engagement with Climate-Related Regulations: As of September 2021, Metcash does not appear to have disclosed its engagement and position on any climate-related policy and regulations.
Positioning on Energy Transition: In its 2021 Sustainability Report, Metcash has stated broad support to decarbonizing industry. On its ‘Environment and Sustainability’ page, the company is clearly concerned with transitioning its energy usage in its own operations; however, it does not seem to have a clear position on the pace and the extent of the economy-wide energy transition.
Industry Association Governance: As of September 2021, Metcash has not disclosed a full list of its industry association memberships and indirect climate-related lobbying activities, nor has it published a full audit disclosure of its industry links.