The CA100+ Target Companies: Scoring and Analysis of Climate Lobbying


Go to CA100+ Company Rankings

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Background

10%

of CA100+ companies have fully aligned their direct climate lobbying practices with the Paris Agreement

91%

of CA100+ companies have at least one membership to an industry association with climate lobbying practices misaligned with the Paris Agreement

26 of 167

CA100+ companies have published a review of industry association alignment on climate policy

InfluenceMap maintains the world’s leading database of corporate lobbying on climate policy, covering around 300 companies and 150 industry associations globally. We provide data and analysis to the Climate Action 100+ (CA100+) initiative, made up of more than 540 investors, responsible for over $52 trillion in assets under management. A full explanation of our methodology can be found here.

The CA100+'s Net Zero Company Benchmark includes high-level indicators determining, for example, whether companies have commitments to ensure their lobbying practices are in line with the goals of the Paris Agreement, including indirect lobbying via industry associations.

InfluenceMap’s system provides additional, in-depth analysis, supplementing the CA100+’s Net-Zero Company benchmark with ongoing insight on real-world and material improvements in Paris-aligned corporate and industry association climate lobbying. InfluenceMap's database currently covers 133 of the 167 CA100+ target companies, with the remaining assessments to be finalized later in 2021.

A central ask of CA100+ focus companies from the investor community has been to audit and publish reviews of their industry associations’ climate change lobbying and alignment. InfluenceMap is assessing these reviews as part of an ongoing process to feed into active investor engagements. Up to date assessments of all CA100+ companies that have so far produced reviews can be found further down this page.

CA100+ Company Rankings

The table below contains a ranking of all the CA100+ target companies covered by InfluenceMap, with companies yet to be assessed under InfluenceMap’s system marked as “not yet finalized”. A summary profile and full access to the data underlying the assessments can be accessed via the links in the rankings table. A full explanation of InfluenceMap's metrics and methodology can be found here.

Modifications to InfluenceMap Scoring Back To Home
InfluenceMap Performance Band
Organization
Sector
Region
E
Berkshire Hathaway Industrials North America
D-
ExxonMobil Energy North America
D+
General Electric Industrials North America
C-
Royal Dutch Shell Energy Europe
D-
Toyota Motor Automotive Asia
D+
BP Energy Europe
E+
Chevron Energy North America
C-
Volkswagen Automotive Europe
C
Walmart Stores Retailing North America
C-
TotalEnergies (formerly Total) Energy Europe
D
Daimler Automotive Europe
B-
Nestlé Consumer Staples Europe
C-
Eni Energy Europe
D
Procter & Gamble Consumer Staples North America
D
BHP Materials Oceania
D
Ford Motor Automotive North America
D
BMW Group Automotive Europe
B
EDF Utilities Europe
not yet finalized Siemens Industrials Europe
D
General Motors Automotive North America
D+
Honda Motor Automotive Asia
B
Enel Utilities Europe
D
BASF Chemicals Europe
C+
Coca-Cola Consumer Staples North America
D-
Lukoil Energy Europe
D-
Boeing Industrials North America
C-
Raytheon Technologies Corporation (formerly United Technologies) Industrials North America
C+
PepsiCo Consumer Staples North America
D-
Rio Tinto Group Materials Europe
B
Unilever Consumer Staples Europe
D+
Nissan Automotive Asia
B
E.ON Utilities Europe
D
Bayer Healthcare Europe
F
Caterpillar Industrials North America
D-
Dow Chemical Chemicals North America
D
Airbus Group Industrials Europe
B+
Iberdrola Utilities Europe
not yet finalized Reliance Industries Energy Asia
D+
Hitachi Telecommunications Asia
E+
Foxconn Information Technology Asia
E-
Phillips 66 Energy North America
C+
Moller Maersk (Maersk) Airlines and Logistics Europe
D+
Suncor Energy Energy North America
E+
Occidental Petroleum Energy North America
D-
Duke Energy Utilities North America
E+
Delta Air Lines Airlines and Logistics North America
B-
National Grid Utilities Europe
not yet finalized PTT Global Chemicals Chemicals Asia
D-
Toray Industries Inc. Chemicals Asia
D-
Incitec Pivot Chemicals Oceania
D-
LyondellBasell Industries Chemicals North America
D
Air Liquide Chemicals Europe
C-
Holcim Materials Europe
E-
Valero Energy Energy North America
C-
RWE Utilities Europe
D-
ConocoPhillips Energy North America
D
American Electric Power Utilities North America
D
ArcelorMittal Materials Europe
D-
Canadian Natural Resources Ltd (CNRL) Energy North America
B
Danone Consumer Staples Europe
D
Dominion Energy Utilities North America
D
Enbridge Energy North America
C+
Exelon Utilities North America
C-
Naturgy (Gas Natural Fenosa) Utilities Europe
C+
Engie Utilities Europe
E+
Glencore International Materials Europe
D+
Lockheed Martin Industrials North America
C-
NextEra Energy Utilities North America
E
Nippon Steel Corporation Industrials Asia
D
Posco Materials Asia
D
PPL Corporation Utilities North America
D-
Renault Automotive Europe
D+
Repsol Energy Europe
C
Saint-Gobain Materials Europe
D+
Sasol Chemicals Africa
E+
Southern Company Utilities North America
C-
Vale Materials South America
E
Imperial Oil Limited Energy North America
D
TC Energy Energy North America
F
Marathon Petroleum Energy North America
C
AGL Energy Utilities Oceania
C
Origin Energy Energy Oceania
D+
Oil Search Energy Oceania
D-
Santos Energy Oceania
D-
Fiat Chrysler Automobiles (Stellantis) Automotive Europe
D-
Groupe PSA (Stellantis) Automotive Europe
not yet finalized Teck Resources Limited Materials North America
E+
Anglo American Materials Europe
not yet finalized Vedanta Resources Materials Europe
D-
Woodside Energy Oceania
C-
Equinor (formerly Statoil) Energy Europe
not yet finalized Suzuki Automotive Asia
not yet finalized Grupo Argos Materials South America
not yet finalized Cemex Materials North America
D+
CRH plc Materials Europe
D
HeidelbergCement Materials Europe
not yet finalized UltraTech Cement Materials Asia
D
thyssenkrupp Materials Europe
not yet finalized China Steel Materials Asia
D
SSAB Materials Europe
not yet finalized Petrobras Energy South America
C
Korea Electric Power Corporation (KEPCO) Utilities Asia
D+
XCEL Energy Utilities North America
C-
Centrica Utilities Europe
C
Fortum Utilities Europe
B
SSE Utilities Europe
C-
CEZ Utilities Europe
D+
Volvo Group Automotive Europe
E
Rosneft Energy Europe
D
South32 Materials Oceania
not yet finalized Saudi Aramco Energy Asia
E+
Air France-KLM Airlines and Logistics Europe
not yet finalized Anhui Conch Cement Materials Asia
not yet finalized China Petroleum & Chemical Corporation (Sinopec) Energy Asia
not yet finalized China Shenhua Energy Materials Asia
not yet finalized CNOOC Energy Asia
not yet finalized Coal India Materials Asia
C
Cummins Industrials North America
D+
Ecopetrol Energy South America
not yet finalized Formosa Petrochemical Energy Asia
B-
Trane Technologies (formerly Ingersoll-Rand) Industrials North America
D
International Paper Company Materials North America
B
Philips Information Technology Europe
E+
Martin Marietta Materials Materials North America
not yet finalized Nornickel (MMC Norilsk Nickel) Materials Europe
not yet finalized NTPC Ltd Utilities Asia
not yet finalized Oil and Natural Gas Corporation (ONGC) Energy Asia
D-
OMV Energy Europe
not yet finalized PACCAR Automotive North America
not yet finalized PetroChina Company Limited Energy Asia
E+
Gazprom Energy Europe
C-
Rolls-Royce Industrials Europe
not yet finalized Saic Motor Automotive Asia
not yet finalized Severstal Materials Europe
not yet finalized SK Innovation Co Energy Asia
D+
PGE Group Utilities Europe
D+
Panasonic Information Technology Asia
C-
Daikin Industries Industrials Asia
D-
ENEOS Holdings (formerly JX Holdings Inc) Energy Asia
D+
NRG Energy Utilities North America
B-
Colgate-Palmolive Consumer Staples North America
E
Devon Energy Energy North America
E+
Kinder Morgan Energy North America
C-
Uniper Energy Europe
D
Boral Limited Materials Oceania
E+
FirstEnergy Corp Utilities North America
D+
WEC Energy Group Inc Utilities North America
C-
Woolworths Group Consumer Staples Oceania
C-
Bluescope Steel Materials Oceania
D+
Qantas Airways Industrials Oceania
C-
Adbri (Adelaide Brighton) Materials Oceania
D-
Orica Ltd Materials Oceania
D+
The AES Corporation Utilities North America
D
American Airlines Group Airlines and Logistics North America
not yet finalized Antam (Aneka Tambang) Materials Asia
not yet finalized Bumi Resources Materials Asia
D-
Bunge Limited Materials North America
not yet finalized Dangote Cement Plc Materials Africa
not yet finalized Eskom Holdings Soc Limited Utilities Africa
not yet finalized Suzano S.A. (formerly Fibria Celulose S.A.) Materials South America
not yet finalized Power Assets Holdings Limited Utilities Asia
D-
United Airlines Airlines and Logistics North America
D+
United Tractors Industrials Asia
C-
Weyerhaeuser Company Materials North America
not yet finalized Pemex (Petróleos Mexicanos) Energy North America
not yet finalized Grupo Mexico Materials North America
D+
Vistra Corp Utilities North America
D-
BusinessEurope All Sectors Europe
C-
European Chemical Industry Council (CEFIC) Chemicals Europe
D
European Automobile Manufacturers Association (ACEA) Automotive Europe
D-
Federation of German Industries (BDI) All Sectors Europe
B
Eurelectric Utilities Europe
B-
Confederation of British Industry (CBI) All Sectors Europe
E-
US Chamber of Commerce All Sectors North America
E-
National Association of Manufacturers (NAM) All Sectors North America
E-
American Petroleum Institute (API) Energy North America
E+
International Air Transport Association (IATA) Airlines and Logistics North America
D+
Business Roundtable All Sectors North America
D-
Japan Business Federation (Keidanren) All Sectors Asia
D
Business Council of Australia All Sectors Oceania
D
Mouvement des Entreprises de France (MEDEF) All Sectors Europe
F
National Mining Association (NMA) Materials North America
E-
Canadian Association of Petroleum Producers (CAPP) Energy North America
E+
Australian Petroleum Production & Exploration Association (APPEA) Energy Oceania
E+
Minerals Council of Australia (MCA) Materials Oceania
D-
Eurometaux Materials Europe
D+
CEMBUREAU Materials Europe
D
Eurofer (European Steel Association) Materials Europe
E-
American Fuel & Petrochemical Manufacturers (AFPM) Energy North America
A
American Wind Energy Association (AWEA) Energy North America
A+
Advanced Energy Economy (AEE) Energy North America
C-
Australian Industry Group (Ai Group) All Sectors Oceania
F
NSW Minerals Council Materials Oceania

Overview of CA100+ Company Climate Lobbying

Only 10% of CA100+ companies analyzed by InfluenceMap have clearly aligned their direct climate lobbying practices with the Paris Agreement, including European utilities such as Iberdrola and SSE, and progressive consumer goods companies such as Unilever and Nestlé.

45% of CA100+ companies analyzed by InfluenceMap (or 58 of them) exhibit lobbying practices misaligned with the goals of the Paris Agreement. Of this misaligned total, 20 are from the energy (oil/gas) sector with the remainder operating in other heavy-emitting sectors including automotive, chemicals, cement, mining, steel, and utilities.

% of CA100+ target companies and lobbying alignment with the Paris Agreement

Breakdown of CA100+ Sectors by Paris-Alignment of Corporate Lobbying Practices

Strongly Misaligned

Misaligned

Partially Aligned

Broadly Aligned

CA100+ Company Memberships to Misaligned Industry Associations

InfluenceMap's system also covers around 150 industry associations and tracks the relationships between these groups and their corporate members.

91% of CA100+ companies currently assessed by InfluenceMap hold memberships to at least one industry association with climate lobbying practices misaligned with the Paris Agreement (ranked as a D or below under InfluenceMap's system)

55% of CA100+ companies currently assessed by InfluenceMap hold memberships to at least one industry association with climate lobbying practices strongly misaligned with the Paris Agreement (ranked as an F under InfluenceMap's system)

CA100+ Companies with the Largest Networks of Industry Associations Opposing Climate Policy

The CA100+ companies listed below maintain the largest networks of industry associations misaligned in their lobbying practices from the Paris Agreement and will likely face enhanced investor scrutiny on this issue.

Companies by number of memberships to industry associations with misaligned climate lobbying practices (ranked as a D or below by InfluenceMap's system)

Companies by number of memberships to industry associations with strongly misaligned climate lobbying practices (ranked as an F by InfluenceMap's system)

Company Sector Number of memberships
Royal Dutch Shell Energy 27
ExxonMobil Energy 25
BP Energy 24
Chevron Energy 23
Siemens Industrials 20
Total Energy 17
Rio Tinto Materials 16
Equinor Energy 16
Dow Chemical Chemicals 15
ConocoPhillips Energy 14
BHP Materials 14
General Electric Industrials 14
Company Sector Number of memberships
Caterpillar Industrials 8
Royal Dutch Shell Energy 6
Chevron Energy 6
Siemens Industrials 6
General Electric Industrials 5
ConocoPhillips Energy 5
ExxonMobil Energy 4
BP Energy 4
Phillips 66 Energy 4
Marathon Petroleum Energy 4
BHP Materials 4
Berkshire Hathaway Industrials 4

A Review of CA100+ Company Disclosures on Industry Association Lobbying

A central ask of CA100+ focus companies from the investor community has been to audit and publish reviews of their industry associations’ climate change lobbying and alignment. InfluenceMap is assessing CA100+ target company reviews as part of an ongoing process to feed into active investor engagements.

These assessments are benchmarked against investor expectations outlined by the PRI, IIGCC and CERES, covering:

  • Disclosure: Including full transparency of the climate policy positions and engagement activities of the company and its industry associations, and clear explanations of the governance processes in place to ensure alignment on climate policy engagement.

  • Policy Alignment Process: Robust processes to identify and act on misalignment between the company and its industry associations on climate change to ensure consistency between the company’s policy positions and the positions and lobbying activities of its industry associations.

Up to date rankings and scorecards can be found in the following slides, along with an overview of the main findings from this analysis. A full report, published in April 2021, along with a full explanation of the methodology used, can be found here.

Summary Ranking of Industry Association Reviews

The table below shows a ranking of CA100+ companies by the quality of their industry association review processes, expressed as a percentage score from 0 to 100, where 100 would indicate that a company has met investor expectations for all of the assessment criteria related to the review process.

Click on the Company Scorecard links to access the latest individual company assessments, broken down according to the seven assessment criteria drawn from stated investor expectations on the topic. These scorecards will be updated on a rolling basis as new reviews are made available.

Company Sector Headquarters Review Score (0-100) Company Scorecard
Royal Dutch Shell Energy Europe 64 Download
Holcim (formerly LafargeHolcim) Materials Europe 57 Download
HeidelbergCement Materials Europe 50 Download
BASF Chemicals Europe 43 Download
BHP Materials Australia 43 Download
BP Energy Europe 43 Download
Rio Tinto Materials Europe 43 Download
Anglo American Materials Europe 36 Download
Glencore Materials Europe 36 Download
OMV Energy Europe 36 Download
Origin Energy Energy Australia 36 Download
AGL Energy Utilities Australia 29 Download
ArcelorMittal Materials Europe 29 Download
Equinor Energy Europe 29 Download
Total Energy Europe 29 Download
Woodside Energy Australia 29 Download
Repsol Energy Europe 21 Download
RWE Utilities Europe 21 Download
South32 Materials Australia 21 Download
Chevron Energy US 14 Download
ConocoPhillips Energy US 14 Download
Eni Energy Europe 14 Download
Ford Motor Company Automotive US 14 Download
Santos Energy Australia 14 Download
Duke Energy Utilities US 7 Download
Sasol Chemicals South Africa 0 Download
142 of 167 CA100+ companies have not published an industry association review to date. A full list of these companies is available in the 'Download' link. Download

Overview of Findings

Overview: With the possible exception of Shell, companies have not performed consistently across the criteria tested in the analysis. Several companies (e.g. BASF, BHP) have produced reviews that provide examples of strong performance on one or two criteria, but fall down in other key areas. Examples of better practice under specific indicators are available in InfluenceMap’s April 2021 report.

Low benchmark for alignment: Many companies appear to assess alignment with their industry associations against their own corporate positions and practices, as opposed to a more robust assessment against the Paris Agreement, as specified in the formal expectations set out by investors. According to InfluenceMap analysis, the majority of CA100+ companies have not aligned their own climate policy positions and lobbying activities with the Paris Agreement (see Slide 4).

“Cherry picking” data for industry association assessments: The majority of companies have not disclosed a detailed and accurate account of their industry associations’ climate policy positions and engagement, nor provided details on their case-by-case alignment assessments. Companies appear to “cherry-pick” positive high-level statements from their industry associations when analyzing alignment, overlooking sometimes substantial evidence of detailed negative lobbying on climate-related policy.

Inconsistent action on misalignment: Underlying problems with the review process means that companies have failed to identify and take action to address key cases of misalignment with their industry associations. The lack of transparency on corporate engagements with industry associations exacerbates the perceived lack of action to address misalignments.