Lukoil
Performance Band
Performance Band (A+ to F) is a full measure of a company’s climate policy engagement, combing the assessment of both its direct engagement (Organisation Score) and that of its industry associations (Relationship Score). Grades from A+ to B indicate broad support for Paris-aligned climate policy, with grades from D to F indicating increasingly obstructive climate policy engagement. Where InfluenceMap's analysis detects both limited direct and indirect engagement with climate policy, a Performance Band is not computed and, in this case, it is indicated as N/A. Further details can be found here.
Relationship Score
The Relationship Score (expressed as a percentage score from 0 to 100) is a measure of how supportive or obstructive the company’s industry associations are towards climate policy aligned with the Paris Agreement, with 0 being fully opposed and 100 being fully supportive. If there is limited evidence of a company's links to industry associations engaging on climate policy, InfluenceMap does not compute a Relationship Score and, in this case, it is indicated as N/A. Further details can be found here.
Engagement Intensity
The engagement intensity (EI) is a metric of the extent to which the company is engaging on climate change policy matters, whether positively or negatively. It is a number from 0 (no engagement at all) to 100 (full engagement on all queries/data points). EI scores over 13 indicate some active engagement on climate policy streams, EI scores over 25 indicate increasingly strategic engagement.
Relationship Score, December 2020
A new batch of industry associations has been uploaded onto the InfluenceMap system and the relationship scores recalculated accordingly.
Updated terminology, February 2021
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.
- Details of Organization Score
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What do the 0,1,2 and NSs, NAs mean?
Each cell in the organization's matrix presents a chance for us to assess each data source against our column of climate change policy queries. We score from -2 to 2, with negative scores representing evidence of obstructive influence. "NA" means "not applicable" and "NS" means "not scored" - that is we did not find any evidence either way. In both cases, the cell's weighting is re-distributed over others. Red and blue cells represent highly interesting negative or positive influence respectively. Full details can be found here.
- Details of Relationship Score
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What is the Relationship Score
A corporation, as well as its organizational score will have a relationship score. It is computed by aggregating the organizational scores of the Influencers (trade bodies etc.) it has relationships with, weighted by both the strength of these relationships and the relative importance of the Influencers towards climate change policy. Full details can be found here.
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QUERIES
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DATA SOURCES | ||||||
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Main Web Site
The main organizational Web site of the company and its direct links to major affiliates and attached documents. |
Social Media
We search other media and sites funded or controlled by the organization, such as social media (Twitter, Facebook) and direct advertising campaigns of the organization. |
CDP Responses
We assess and score responses to two questions from CDP's climate change information request (12.3 a & 12.3c) related to political influence questions (currently these are not numerically scored by the CDP process). |
Legislative Consultations
Comments from the entity being scored on governmental regulatory consultation processes, including those obtained by InfluenceMap through Freedom of Information requests. |
Media Reports
Here we search in a consistent manner (the organization name and relevant query search terms) a set of web sites of representing reputable news or data aggregations. Supported by targeted searches of proprietary databases. |
CEO Messaging
Here we search in a consistent manner (the CEO/Chairman, organization name and relevant query search terms) a set of web sites of representing reputable news or data aggregations. Supported by targeted searches of proprietary databases. |
Financial Disclosures
We search 10-K and 20-F SEC filings where available, and non US equivalents where not. . |
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Communication of Climate Science
Is the organization transparent and clear about its position on climate change science? |
1
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NS | NA | NS | NS | NS | NS |
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Alignment with IPCC on Climate Action
Is the organization supporting the science-based response to climate change as set out by the IPCC? (the IPCC) |
1
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NS | NA | NS | NS | NS | NS |
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Supporting the Need for Regulations
To what extent does the organization express the need for regulatory intervention to resolve the climate crisis? |
NS | NS | NS | NS | NS | NS | NS |
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Support of UN Climate Process
Is the organization supporting the UN FCCC process on climate change? |
1
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NS | NA | NS | NS | NS | NS |
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Transparency on Legislation
Is the organisation transparent about its positions on climate change legislation/policy and its activities to influence it? |
-1
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NA |
-2
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NA | NA | NA | NS |
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Carbon Tax
Is the organisation supporting policy and legislative measures to address climate change: carbon tax. |
NS | NS | NA | NS | NS | NS | NS |
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Emissions Trading
Is the organisation supporting policy and legislative measures to address climate change: emissions trading. |
1
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0
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NA | NS | NS | NS | NS |
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Energy and Resource Efficiency
Is the organization supporting policy and legislative measures to address climate change: energy efficiency policy, standards, and targets |
NS | NS |
0
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NS | NS | NS | NS |
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Renewable Energy
Is the organization supporting policy and legislative measures to address climate change: Renewable energy legislation, targets, subsidies, and other policy |
NS | NS | NA | NS | NS | NS | NS |
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Energy Transition & Zero Carbon Technologies
Is the organization supporting an IPCC-aligned transition of the economy away from carbon-emitting technologies, including supporting relevant policy and legislative measures to enable this transition? |
-1
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-2
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NA | NS | NS |
-1
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NS |
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GHG Emission Regulation
Is the organization supporting policy and legislative measures to address climate change: GHG emission standards and targets. Is the organization supporting policy and legislative measures to address climate change: Standards, targets, and other regulatory measures directly targeting Greenhouse Gas emissions |
NS | NS |
0
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NS |
-2
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NS | NS |
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Disclosure on Relationships
Is the organization transparent about its involvement with industry associations that are influencing climate policy, including the extent to which it is aligned with these groups on climate? |
-1
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NS |
-1
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NA | NA | NA | NS |
Open PDF file of Data Source
How to Read our Relationship Score Map
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: Lukoil communicates broadly positive top-line positions on climate change. At a more detailed level, it appears to show very low engagement and transparency on climate policy. However, where evidence has been found, Lukoil appears to have engaged negatively with climate policy. Evidence suggests that the company has lobbied for relaxed environmental regulations and has appeared unsupportive of carbon reduction programs. Lukoil also seems to support a continued role for oil and gas in the energy mix. In addition, the company retains membership to a number of trade associations that have lobbied against several EU climate policy streams.
Top-line Messaging on Climate Policy: Overall, Lukoil has communicated positively about climate policy in its top-line messaging. As of 2021, the company has acknowledged climate science and recognized the need for global actions towards greenhouse gas emissions reduction in its paper on UN Sustainable Development Goals. Lukoil has also stated support for the Paris Agreement goals in its Sustainability Report published in 2019.
Engagement with Climate-related Regulations: Regarding engagement with specific regulations, there is limited transparency on Lukoil’s activities in recent years. In its CDP disclosures submitted in 2019 and 2020, Lukoil did not respond to the question on their direct engagement on climate-related policies. Past evidence suggests that the company appeared unsupportive of carbon reduction programs in 2014 and directly advocated President of Russia Vladimir Putin for a relaxation of environmental regulation in 2015.
Positioning on Energy Transition: In terms of energy transition, Lukoil appears to support a continued role of fossil fuels in the energy mix. In a press release published in December 2019, Lukoil suggested reforms of tax legislation and relaxation of institutional restrictions to accommodate an increase of oil production in the upcoming years. In its Sustainability Report published in 2019, the company stated that the oil and gas industry would continue to develop in parallel to the ‘new’ power industry, suggesting the company supports a long term role for oil and gas.
Industry Association Governance: Lukoil shows mixed transparency regarding its activities in industry associations. In its CDP disclosures submitted in 2019 and 2020 respectively, Lukoil only disclosed its engagement with two associations, i.e. the Russian Union of Industrialists and Entrepreneurs and the Russian Chamber of Industry and Commerce. Its Sustainability Report (2019) contains a list of its industry associations’ membership with no further details on the climate policy positions of these associations and how Lukoil is influencing these positions. Furthermore, Lukoil is a partner company of BusinessEurope and a member of FuelsEurope; both associations have lobbied against some EU climate policies.