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| Overall Assessment |
Comment |
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| Limited |
Bangchak Corp PCL provides only limited insight into its climate-policy lobbying activities. The company refers to broad policy areas such as carbon taxes, emissions-trading schemes, taxonomy frameworks and the ASEAN Common Carbon Framework, but it does not name any specific pieces of legislation or regulations it has tried to influence, so the policies it has lobbied remain unclear. Its description of engagement methods is similarly general: it notes that it is “in consultation with various agencies” and that it offers policy recommendations through industry bodies, yet it does not explain whether this takes the form of meetings, written submissions, or any other defined channel, nor does it identify the government departments, legislators or regulators it addresses. Finally, the company speaks in aspirational terms about “paving the way toward a Net Zero society,” raising awareness of carbon taxes and fostering regional carbon credit markets, but it does not set out concrete legislative changes, numerical targets or other clearly defined outcomes it seeks from policymakers. Taken together, these gaps mean that Bangchak’s disclosures give only a high-level picture of its climate-related advocacy and fall short of full transparency on the policies, mechanisms and outcomes involved.
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| Overall Assessment |
Comment |
Score |
| Limited |
Bangchak Corp PCL provides extensive details on its sustainability governance structure, including committees such as the Sustainability Policy Committee (SPC), Sustainability Management Committee (SMC), and the Sustainability and Corporate Governance Committee (SCGC). These committees oversee various aspects of sustainability, including climate-related risks and opportunities, and report to higher governance bodies like the Board of Directors. For example, the SPC "provides policy and strategy direction for the company's business in accordance with the mission corporate culture, with responsibility to stakeholders, including economic, social, and environmental aspects, especially climate change." Additionally, the SMC "conducts climate change strategy, reviews TCFD, manages climate-related risks and opportunities assessment, and initiates GHG emission reductions innovation and tools." However, while these structures are robust for general sustainability and climate governance, there is no explicit evidence of a governance process specifically designed to align lobbying activities—both direct and indirect—with the company's climate goals. The disclosures do not mention mechanisms such as lobbying audits, trade association alignment reviews, or processes for addressing misalignment in lobbying activities. Furthermore, while the company uses tools like the Environmental Scan Process and Key Risk Indicators (KRI) to monitor risks, these are not explicitly tied to lobbying governance. Therefore, the company does not disclose a clear governance framework for managing and aligning its lobbying activities with its climate-related goals.
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