Santos

InfluenceMap Score
D-
Performance Band
48%
Organisation Score
40%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Energy
Head​quarters:
Adelaide, Australia
Official Web Site:
Wikipedia:

Climate Lobbying Overview: Santos has expressed top-line support for action on climate change in its corporate messaging, although the company is actively supporting the continued role of fossil fuels, particularly natural gas, in the energy mix. There is limited evidence of engagement by Santos on specific climate-related regulation, although the company retains memberships to a number of industry associations which engage negatively on climate policy in Australia.

Top-line Messaging on Climate Policy: In Santos’ 2021 Climate Change Report, the company recognized the science of climate change and the need to limit global warming to 2°C. In December 2020, Santos also appeared to support the Paris Agreement and the need for a national policy approach to respond to climate change.

Engagement with Climate-Related Regulations: Santos has limited engagement with specific climate change policies. In November 2019, Santos reportedly supported the use of funds under Australia’s federal Clean Energy Finance Corporation (CEFC), originally intended for renewable energy projects, to support a CCS project for an existing gas facility. In April 2019, Santos CEO Kevin Gallagher stressed the need for consultation with industry on the design of the Safeguard Mechanism, but did not take a clear position on the policy.

Positioning on Energy Transition: Santos clearly supports the role of oil and natural gas in the energy mix, while its position on coal appears mixed. In a September 2020 press release, CEO Kevin Gallagher supported a continued role for coal, oil and gas in the energy mix for “at least the next two decades” alongside technologies such as CCS. However, Gallagher has also supported a shift from coal to natural gas and clean fuels such as hydrogen in 2020. In Santos’ 2020 corporate reporting, the company has consistently supported the role of natural gas in the energy mix on the basis that it is “low carbon”, without placing clear conditions on the deployment of CCS or methane abatement measures. Santos also states in its 2020 Review of Industry Associations that it derives “significant benefits” from public policy advocacy undertaken by APPEA in support of an “internationally competitive investment environment for the Australian oil and gas sector”, suggesting support for further investment in fossil fuel infrastructure.

Industry Association Governance: In December 2020, Santos published a review of its alignment on climate change with eight key industry associations. The review did not identify any cases of misalignment, nor did it disclose a framework for dealing with potential cases of misalignment. However, Santos retains membership to a number of industry associations that lobby against ambitious climate policy including the Australian Petroleum Production & Exploration Association (APPEA), the [133 Business Council of Australia and Queensland Resources Council.

A detailed assessment of the company's industry association review can be found on our CA100+ webpage here.

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures
Communication of Climate Science
1 NS NS NS NS NS NS
Alignment with IPCC on Climate Action
1 -1 NA 1 1 0 NS
Supporting the Need for Regulations
1 NS NA -1 1 NS NS
Support of UN Climate Process
1 NS NS 1 1 0 NS
Transparency on Legislation
-1 NA -2 NA NA NA NS
Carbon Tax
0 NS NS NS NS NS NS
Emissions Trading
0 NS 0 NS NS NS NS
Energy and Resource Efficiency
NS NS NS NS NS NS NS
Renewable Energy
NS NS 1 NS -1 NS NS
Energy Transition & Zero Carbon Technologies
-1 -1 NS -1 -1 -1 NS
GHG Emission Regulation
NS NS NS 0 NS 0 NS
Disclosure on Relationships
1 NA -2 NA NA NA NS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
37%
 
37%
 
46%
 
46%
 
45%
 
45%
 
47%
 
47%
 
22%
 
22%
 
51%
 
51%
 
31%
 
31%
 
37%
 
37%
 
34%
 
34%

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.