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.
Climate Policy Engagement Overview: The Chinese Petroleum Institute appears to have very limited transparency regarding their engagement with climate policy. The organization does not appear to have communicated top-line positions on climate policy, nor have they disclosed their engagement with specific climate policy issues.
Top-line Messaging on Climate Policy: As of June 2023, the Chinese Petroleum Institute does not appear to have disclosed positions on the Paris Agreement, emissions reduction pathways aligned with IPCC’s prediction of the 1.5C and 2C scenarios, and the role of government policy in responding to climate change.
Engagement with Climate-Related Regulations: As of June 2023, the Chinese Petroleum Institute does not appear to have disclosed their positions on climate-related policy strands. InfluenceMap tracks, including carbon tax, emissions trading, energy efficiency, renewable energy, energy mix, and emissions reduction.
Positioning on Energy Transition: As of June 2023, the Chinese Petroleum Institute does not appear to have communicated explicit positions on the low-carbon energy transition.