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| Overall Assessment |
Comment |
Score |
| Comprehensive |
APA Group has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company explicitly references specific climate-related policies it has engaged with, such as the Federal Government's 'Future Gas Strategy,' the Australian Energy Market Operator's '2024 Gas Statement of Opportunities,' and the Federal Opposition's announcement to include gas in the Capacity Investment Scheme (CIS). Additionally, APA highlights its submission to the 'Future Gas Strategy Consultation Paper' and its readiness activities for the Safeguard Mechanism, providing identifiable details about its policy engagements. APA also discloses its lobbying mechanisms, including direct engagement through submissions to government consultations, such as the 'Future Gas Strategy,' and identifies specific policymaking targets, including the Federal Minister for Climate Change and Energy, Chris Bowen, and consultations with the Australian Energy Market Operator and the Australian Competition and Consumer Commission. Furthermore, APA outlines the specific outcomes it seeks, such as advocating for the inclusion of gas-powered generation in the Capacity Investment Scheme, fast-tracking the development of new gas resources like Beetaloo, and exploring the role of renewable gases in decarbonizing industry sectors. These disclosures clearly articulate the desired changes and goals APA aims to achieve, demonstrating a high level of transparency in its climate lobbying efforts.
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4
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| Overall Assessment |
Comment |
Score |
| Strong |
APA Group demonstrates strong governance in its climate lobbying alignment through structured oversight and monitoring mechanisms. The company has established a Sustainability Management Committee (SMC) to oversee and manage its sustainability performance, including climate-related risks and opportunities, with quarterly updates provided by the Safety and Sustainability Committee to the Board. Additionally, APA's Board approved executive short-term incentives tied to climate-related KPIs, ensuring accountability at the leadership level. Transparency measures are evident in the publication of an annual Climate Report, which details progress against its Climate Transition Plan and includes a comprehensive Climate Data Book. This report is prepared internally by subject matter experts, verified by APA executives, and approved by the Board prior to disclosure, with reasonable assurance obtained on key operational emissions disclosure items and limited assurance on Scope 3 emissions. APA actively engages with stakeholders, including securityholders, and has committed to holding a non-binding securityholder vote on major updates to its Climate Transition Plan, further demonstrating its commitment to transparency and stakeholder engagement. Advocacy planning aligns with its Climate Change Policy and Climate Transition Plan, addressing issues such as enhanced methane measurement methods and the Australian Government's Future Gas Strategy. The company reviews its industry memberships annually against climate-related criteria and participates in associations like the Australian Climate Leaders Coalition and the Clean Energy Council, ensuring alignment with its climate goals. However, the evidence does not indicate the publication of a detailed lobbying audit or comprehensive review of both direct and indirect lobbying activities, which would elevate its governance to a more comprehensive level.
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3
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