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: The Petrochemical Industry Association of Taiwan (PIAT) appeared to have limited and negative engagement with climate policy. The organization supports climate policy on the national level at the expense of regional legislation. It does not appear to have engaged with specific climate policy strands and the low-carbon energy transition.
Top-line Messaging on Climate Policy: The Association appeared to have communicated negative top-line positions on climate policy. In a public hearing on the Net-zero Development and Management Act of the Kaohsiung City held in May 2023, PIAT supported government climate policy on the national level but opposed regional regulations. PIAT does not appear to have communicated clear positions on the Paris Agreement and emissions reduction pathways aligned with IPCC’s prediction of the 1.5oC and 2oC scenarios in the last two years.
Engagement with Climate-Related Regulations: The Association does not appear to have engaged with specific climate strands in Taiwan in the last two years, including carbon tax, emissions trading, energy efficiency, and renewable energy.
Positioning on Energy Transition: The Association does not appear to have communicated positions on the low-carbon energy transition in the last two years.