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)
Rajesh Kumar Srivastava, the Chairman and Managing Director (CMD) of Oil and Natural Gas Corporation Limited, is a Co-Chairman of FIPI (Up to date as of July 2023)
Rajesh Kumar Srivastava
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Rajesh Kumar Srivastava, the Chairman and Managing Director (CMD) of Oil and Natural Gas Corporation Limited, is a Co-Chairman of FIPI (Up to date as of July 2023)
Rajesh Kumar Srivastava
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
ONGC is a direct member of the Instituto Brasileiro de Petróleo e Gás and is represented on the board of directors (Correct as of July 2023)
Vivek Sheel
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
ONGC is a direct member of the Instituto Brasileiro de Petróleo e Gás and is represented on the board of directors (Correct as of July 2023)
Vivek Sheel
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Oil & Natural Gas Corporation Ltd is a member of FICCI (Correct as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Oil & Natural Gas Corporation Ltd is a member of FICCI (Correct as of July 2023)
not specified
--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 Lobbying Overview: Oil and Natural Gas Corporation (ONGC) has limited engagement with climate change policy. ONGC appears to support climate action and the role of renewable technologies to transition the energy mix in India. However, it continues to promote fossil gas as an essential part of India’s energy mix.
Top-line Messaging on Climate Policy: ONGC appears to have had limited top-line communications on climate change in 2021-23. In the company’s 2021-22 Annual Report, published in August 2022, it stated support for India’s 2070 net zero emissions target. In the same report, ONGC stated support for the UN Paris Agreement.
However, the company does not appear to support urgent GHG emissions reductions in line with IPCC pathways for net-zero by 2050. For example, former Chairman and Managing Director (MD) Subhash Kumar expressed energy security concerns regarding the urgency needed to tackle climate change in a December 2021 interview with Live Mint.
Engagement with Climate-Related Regulations: ONGC discloses limited details of its engagement with climate change regulations on its corporate website. The company did not respond to the 2022 CDP Climate Change Information Request.
Of its limited engagement, the company stated support for India’s 2030 targets announced at COP26 in 2021 in its 2021-22 Annual Report. This support included for India’s 2030 50% renewable energy target and 45% emission intensity reduction target.
Positioning on Energy Transition: ONGC supports the development of renewable technologies to transition the energy mix, but also appears to advocate for fossil gas as an integral part of India’s energy system. In an April 2023 PV Magazine article, the company stated support for government policy and funding to develop offshore wind power.
However, in a February 2023 S&P Global article, company chairman and CEO Arun Kumar Singh advocated for the long-term role of oil and gas in the energy mix. Former ONGC chairman Rajesh Kumar Srivastava also advocated for further oil and gas exploration alongside a growing role for renewable energies in an October 2022 S&P Global article.
Industry Association Governance: ONGC has disclosed its memberships to various industry associations in its 2021-22 Annual Report. However, the company did not provide details of its engagement with industry associations, nor has it published a detailed review of its alignment with its industry associations. ONGC is a member of Confederation of Indian Industry and Federation of Indian Chambers of Commerce & Industry (FICCI), both of which support climate policy in India, but advocate for a continued role of fossil fuels. The company is also a member of Instituto Brasileiro de Petróleo e Gás (IBP), including a representative on IBP’s board of directors and Federation of Indian Petroleum Industry (FIPI), both of which appear to advocate for the long-term role of oil and gas in the energy mix.
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 2023.
Additional Note: ONGC is headquartered in India, 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 ONGC's climate policy engagement activities, these scores should be considered provisional at this time.
In addition, ONGC is a listed company with more than 50% of its shares owned by the government of India. 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 ONGC's engagement intensity metric.