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: PTT Global Chemical (PTTGC) shows mixed support on climate change policy in Thailand, albeit with limited engagement. Notably, the company supports the creation of an emissions trading scheme in Thailand applying to all sectors, however, it takes unclear positions on the need for other government regulations on climate change.
Top-line Messaging on Climate Policy: PTTGC appears to broadly support action on climate change in its top-line messaging. In its 2021 Annual Report PTTGC supported the goals of the UN Paris Agreement as well as endorsing Thailand’s 2065 carbon neutrality target, and in its 2021 Integrated Sustainability Report the company advocated for keeping global temperature rises “well below 2°C”. In a Climate Statement, accessed in August 2021, the company advocated for "short, medium, and long-term government policy" to support the transition to a low-carbon economy on the condition that it is cost-effective.
Engagement with Climate-Related Regulations: PTTGC appears to have limited transparent engagement with climate change policy in Thailand. In the company’s 2021 CDP Disclosure, it advocated for the creation of an emissions trading scheme in Thailand to apply to all sectors, following its participation in the voluntary Thailand Emissions Trading Scheme. On PTTGC’s corporate website in April 2021, it stated support for the Thai government’s renewable energy policy. In its 2020 Sustainability Report, published in April 2021, the company reported that it had advocated for a 2030 GHG reduction goal in Thailand and in its 2021 Sustainability Report the company stated general support for Thailand’s GHG emissions reduction goal.
Positioning on Energy Transition: PTTGC has limited engagement on policies relating to the energy mix. However, the company appeared to broadly support the transition to a low-carbon economy in a climate statement accessed on the company website in January 2022.
Industry Association Governance: PTTGC disclosed limited information relating to its membership to industry associations in its 2021 Annual Report. The company has not published a review of its alignment with industry associations. PTTGC does not appear to have any direct memberships of industry associations covered by InfluenceMap's database.
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: PTT is headquartered in Thailand, 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 PTT's climate policy engagement activities, these scores should be considered provisional at this time.
In addition, PTT is a listed company with more than 50% of its shares owned by the government of Thailand. 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 PTT's engagement intensity metric.