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 Lobbying Overview: Seidanren appears to have limited engagement with climate change policies and regulations in Japan, with most of its positions focusing on the energy mix.
Top-line Messaging on Climate Policy: Seidanren does not appear to have disclosed its recent positions on climate policy, however it has communicated support towards increased renewable energy in the energy mix since 2019 in a meeting log published on its website.
Engagement with Climate-Related Regulations: Seidanen appears to have very limited engagement with climate-related regulations in Japan. In March 2022, in a position paper on the Clean Energy Strategy, Seidanren supported specific renewable energy legislation such as the “central method” for offshore wind development, and merit order to increase the proportion of renewable energy in the energy mix including offshore wind.
Positioning on Energy Transition: Seidanren appears to hold positive positions on energy transition. Seidanren appeared to support a transition to renewable energy, stating that this should be made the main energy source above nuclear and coal power in a position paper published on its website in October 2020. In a position paper published in December 2020, Seidanren appeared to support a move towards decarbonizing the energy sector, arguing that renewable energy proportion should be revised and raised to 35~40%.