Investigation of Inconcistencies in Climate Policy Engagement amongst Major Corportations

Sammanfattning: This report investigates inconsistencies in climate policy engagement of 16 major corporations in five industrial sectors and analyses which problem areas are significant in the inconsistency of their engagement. The purpose of this report was to scope the area of inconsistent climate policy engagement on behalf of the company GES International – Global Engagement Services, who offers advisory services in responsible investment. This report has been performed through a literature review and is partly based on a report on corporate carbon policy footprint by the independent organisation InfluenceMap.   All companies investigated in this report are to some extent supporting the climate agenda of the Paris Agreement, including limiting global warming to below two degrees. Nevertheless, 14 of the 16 companies are at the same time showing a negative climate policy engagement. The problem areas leading up to this inconsistency that have been detected in this report are; when companies are taking part in organisational relationships that are unsupportive of climate change mitigation strategies, when companies are against climate legislation, the unwillingness of companies to change their own industrial sector and companies showing mixed signals on the same policy topic.   The conclusions that can be drawn from this report is that there are substantial inconsistencies in the climate policy engagement of companies and it can be difficult to assess what the company’s true stance on climate engagement is. Some measures to improve on consistency is for companies to review their policy engagement and be transparent on what their actual stance climate engagement is, however this transition can take time.