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: Steinhoff International does not appear to be engaged on climate change, with no transparent disclosures on climate-related policies or the energy transition. The company has also failed to disclose its memberships to key industry associations, and has not assessed their positions on climate change policy.
Top-line Messaging on Climate Policy: Steinhoff International has limited top-line communications on climate policy. In its 2021 Annual report, published in 2022, the company recognized that climate change can create “challenges”. However, Steinhoff International has not explicitly supported the need to reduce global greenhouse gas emissions, the need for government regulation to respond to climate change, or the Paris Agreement.
Engagement with Climate-Related Regulations: Steinhoff International has not transparently disclosed its engagement activities on specific climate-related regulations in either its corporate reporting or CDP responses.
Positioning on Energy Transition: Steinhoff International does not appear to have expressed any positions on the energy transition or related policy.
Industry Association Governance: Steinhoff International has not disclosed on its memberships to industry associations in its corporate reporting or CDP responses, and has not completed an audit of its associations and their positions on climate change policy.