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)
Rosneft is a direct member of the Instituto Brasileiro de Petróleo e Gás and participates in one of its boards (Up to date as of August 2022)
Vladimir Lyakhovich
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Rosneft is a direct member of the Instituto Brasileiro de Petróleo e Gás and participates in one of its boards (Up to date as of August 2022)
Vladimir Lyakhovich
--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: Rosneft appears to have limited but largely negative engagement with climate change policy. There appears to be limited evidence of engagement with specific climate-related regulations, but Rosneft does not seem to fully support the transition of the energy mix and maintains consistent support for a long-term role for fossil fuels, particularly gas, in the energy mix.
Top-line Messaging on Climate Policy: Rosneft appears to have limited engagement with climate policy in its top-line messaging. Although in its 2019 Sustainability Report, Rosneft is clearly concerned with reducing GHG emissions within its own organization, the company has not explicitly supported economy-wide global emissions reductions in line with IPCC guidance or the Paris temperature goals. Furthermore, in October 2018, CEO Igor Sechin appeared to qualify support for emissions reductions by warning of the risk of energy shortage as a result of action to respond to climate change. Despite this, in its 2019 Sustainability Report, Rosneft appeared to support Russia’s commitments under the Paris Agreement.
Engagement with Climate-related Regulations: InfluenceMap has found very limited evidence of engagement by Rosneft with specific climate-related regulations, likely due to Rosneft’s low transparency over its climate policy positions. As of February 2021, Rosneft has made no attempt to make specific disclosures on climate lobbying practices in its corporate reporting, and its 2020 CDP response does not appear to be publicly accessible. However, comments by CEO Igor Sechin in June 2018 suggests that Rosneft does not support subsidies for renewable energy.
Positioning on Energy Transition: Rosneft does not appear to be fully supporting the transition of the energy mix. In its 2019 Sustainability Report, Rosneft argued for increased natural gas production as part of the energy transition without reference to the need for carbon capture and storage. Statements delivered by the company's CEO Igor Sechin in June 2019 also suggest the company supports a long-term role for natural gas beyond its use as a transition fuel. Furthermore, in March 2018, Sechin directly advocated President Putin to bring tax incentives to give financial support to Russia’s oil industry.
In June 2019, Sechin appeared to dismiss the feasibility of the electrification of transport, stating “electric cars solve neither the problem of emissions reduction nor the problem of harmful industries ... the share of electric cars in the global fleet will not exceed 12-15% in the foreseeable future”.
Industry Association Governance: As of February 2021, Rosneft does not appear to have disclosed any of its memberships to industry associations. Therefore, although Rosneft mentions retaining memberships of “professional associations”, it is unclear how, if at all, these groups are actively lobbying on climate change policy or how Rosneft is engaging with these groups or exerting indirect influence through them. Rosneft does not appear to have undertaken any review of its industry associations or to what extent it is aligned with them on climate policy.
Additional Note: Rosneft is headquartered in Russia, 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 Rosneft's climate policy engagement activities, these scores should be considered provisional at this time.
In addition, Rosneft is a listed company with more than 50% of its shares owned by the government of Russia. 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 Rosneft's engagement intensity metric.