This briefing analyzes the 20 largest, US-based companies with InfluenceMap Organization Scores over 65, indicating broadly positive positioning towards climate change policy. Despite their apparent support for climate action, the majority of these companies are not publicly endorsing the Build Back Better Act.
Despite the CA100+ initiative having clear expectations on Paris-aligned lobbying, only 2 of the 31 CA100+ target companies found to be engaging on the taxonomy appear to be supportive of its science-based guidance with 4 companies advocating mixed or unclear positions, leaving more than 80% pushing the Commission to weaken the criteria that define what can be considered sustainable.
This report is being released in conjunction with InfluenceMap's revamped, interactive CA100+ platform which contains additional analysis covering the climate lobbying of CA100+ target companies.
New analysis from InfluenceMap has tracked significant lobbying on the EU Ecolabel since late 2018, as part of a wider ongoing research process covering the EUs Sustainable Finance Action Plan and how the corporate sector is influencing the process.
The following briefing focuses on how Japanese industry associations lobbied the Taxonomy and considers how these lobbying positions contrast with those of some leading European financial institutions.
In the wake of shareholder resolutions at Rio Tinto in both the UK and Australia over its links with climate-lobbying trade groups, new research from UK thinktank InfluenceMap identifies the 10 major global companies who maintain extensive networks of trade associations and lobbyists whose aggregate positions on climate are most misaligned with their own.
In light of the ExxonMobil case, we queried our database to see what the top 20 US industrial companies are saying about climate risk to regulators and investors.
Research suggests ExxonMobil spent $27m and Shell $22m to obstruct climate legislation in 2015, with the American Petroleum Institute and two smaller trade associations spending a further $74m on behalf of the entire industry.
Issues surrounding climate disclosure investigations by the New York Attorney General into ExxonMobil may be pervasive in the industry.