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)
A senior executive of RIL is a member of the governing council of FIPI (Up to date as of September 2022)
P.M.S. Prasad
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
PMS Prasad, the Executive Director of Reliance Industries, is the Vice Chair of FIPI, as of July 2021
PMS Prasad
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A senior executive of RIL is a member of the governing council of FIPI (Up to date as of September 2022)
P.M.S. Prasad
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
PMS Prasad, the Executive Director of Reliance Industries, is the Vice Chair of FIPI, as of July 2021
PMS Prasad
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Reliance discloses in its 2021-22 Annual Report that an executive director is on the National Board of CII (Correct as of August 2022)
Nikhil R. Meswani
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Reliance Industries is a Direct Member (no pdf attached at the time)
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Reliance discloses in its 2021-22 Annual Report that an executive director is on the National Board of CII (Correct as of August 2022)
Nikhil R. Meswani
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Reliance Industries is a Direct Member (no pdf attached at the time)
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Reliance Industries is a member of ACC (as of January 2022)
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Reliance Industries is a member of ACC
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Reliance Industries is a member of ACC (as of January 2022)
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Reliance Industries is a member of ACC
not specified
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: Reliance Industries Limited (RIL) appears to have mixed engagement on climate policy, with limited engagement on specific regulations. The company’s top-line messaging is supportive of ambitious action on climate change, and it appears to broadly support the energy transition, specifically increasing renewable energy sources and green hydrogen.
Top-line Messaging on Climate Policy: Reliance Industries Limited’s engagement on climate change through its top-line communications appears to be positive. In its 2021-22 Annual Report, published in August 2022, the company supported action to reduce GHG emissions to limit warming to 1.5°C in line with the IPCC recommendations. A communication from the corporate website, accessed in January 2022, appeared to support the Paris Agreement and the 1.5°C goal. The company also signed a September 2021 We Mean Business Coalition joint letter to the G20 leaders, advocating for climate change regulation and a price on carbon to meet the 1.5°C global warming target. In February 2022, the company’s Managing Director Mukesh Ambani recognized the science of climate change in a tweet.
Engagement with Climate-Related Regulations: Reliance Industries Limited appears to have limited transparent engagement with specific climate-related regulations, with no disclosures of direct engagement with policy. The company has also not responded to the CDP Climate Change Information Request in 2020 and 2021.
Positioning on Energy Transition: Reliance Industries Limited appears to broadly support the energy transition. Managing Director Mukesh Ambani has consistently supported the development of renewable energy sources. For example in February 2022 on social media, Ambani advocated for India to play a major role in the development of solar energy and hydrogen, to shift the energy mix away from fossil fuels. Ambani also supported the role of green hydrogen to decarbonize transport, industry and power sectors in a July 2021 interview with Business Today India. RIL also signed a September 2021 We Mean Business Coalition joint letter to G20 leaders calling for policymakers to commit to ending new coal power developments and financing in developing countries by 2040, removing fossil fuel subsidies by 2025, and supporting the electrification of the transport sector. However, the company appears to support fossil gas as a transitional fuel; for example in its 2020-21 Annual Report, it described fossil gas as “a cleaner fuel”, whilst advocating for a transitional role for the gas to green energy in its 2020-21 Annual Report.
Industry Association Governance: Reliance Industries Limited has disclosed some of its industry association memberships in its 2020-21 Business Responsibility Report, yet its current disclosure lacks details on the positions of industry associations on climate policy, and how it attempts to influence these positions. The company has not published an audit of alignment with its industry associations on climate change. RIL retains memberships of associations that traditionally lobby negatively on climate policy, including the American Chemistry Council (ACC) and the European Chemical Industry Council (CEFIC).
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 Q1 2023.
Additional Note: Reliance Industries 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 Reliance Industries' climate policy engagement activities, these scores should be considered provisional at this time.