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| Overall Assessment |
Comment |
Score |
| Strong |
Incitec Pivot Limited provides a strong level of transparency around its climate-policy lobbying. It names two identifiable pieces of Australian climate legislation – the “Australian Technology Investment Roadmap” and the “Australian ERF Safeguard Mechanism” – and explains how each relates to its operations, although it does not list any additional measures that would bring the disclosure to a fully comprehensive level. The company is clear about how it engages: it is “a member of the Australian Industry Greenhouse Network and the Carbon Market Institute,” it “engag[es] with policymakers regarding the Australian Technology Investment Roadmap,” and its lobbying on the Safeguard Mechanism was “primarily in the form of written submissions in response to consultation on the new rules being developed.” These statements also identify the targets of those efforts, such as “Australian Federal Government policy makers” and the Queensland Government, demonstrating openness on both direct and indirect mechanisms. Incitec Pivot is equally explicit about what it wants to achieve. It seeks to build “a clean, innovative and competitive hydrogen industry in Australia,” to produce green ammonia for export, and to ensure that “Australian manufacturers are not commercially disadvantaged by a carbon cost… applied to product tonnes manufactured in Australia, but not applied to the same type of product tonnes imported into Australia,” proposing either “a Carbon Border Adjustment Mechanism” or transitional funding. The company further asks that existing decarbonisation contracts be honoured to protect jobs and provide a just transition. Together these details show clear positions, defined lobbying channels and specific desired policy outcomes, constituting a high degree of disclosure on its climate lobbying activities.
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3
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| Overall Assessment |
Comment |
Score |
| Comprehensive |
Incitec Pivot Ltd (IPL) demonstrates a comprehensive governance process for climate lobbying, with clear mechanisms for monitoring, alignment, and oversight. IPL conducts annual independent reviews to assess the alignment between its climate change policies and those of its industry associations, stating that "Each year IPL commissions an independent review of the alignment between our climate change policies and those of the industry associations of which we are a member." The company has formalized a governance framework for memberships of associations, including guidance for addressing differences in publicly stated climate change policies, enabling "further engagement with industry associations as appropriate." IPL also introduced a new review method in 2023 to enhance transparency and cater to stakeholder feedback. Oversight of climate lobbying governance is robust, with the IPL Board overseeing climate change strategy and governance responsibilities, as outlined in the "IPL Board Charter and the Audit and Risk Management Committee Charter." Additionally, the Decarbonisation and Energy Transition Steering Committee (DETSC), chaired by the MD&CEO, is tasked with aligning actions and engagement with policy and company strategy, ensuring statements to external parties undergo legal review to align with IPL strategies approved by the Board. IPL’s governance extends to indirect lobbying, as evidenced by its engagement with trade associations and the assessment of their climate positions, which includes criteria such as alignment with the Paris Agreement and Net Zero by 2050. This indicates a robust governance framework that integrates direct and indirect lobbying activities, supported by recurring audits, executive oversight, and transparent processes.
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4
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