Direct Lobbying Transparency
| Overall Assessment | Comment | Score |
|---|---|---|
| Comprehensive | Thermax Ltd discloses its climate-policy engagement in a highly transparent manner. It names specific measures it has worked on, including the Ministry of Power’s Carbon Credit Trading Scheme notified in June 2023, the Ministry of New and Renewable Energy’s Green Hydrogen Certification Scheme and associated hydrogen standards, and the coal-to-methanol initiative being developed with the Ministry of Coal under NITI Aayog. The company also spells out how it engages: it participates in stakeholder consultation processes with MNRE and the Ministry of Power, collaborates with academic partners such as IIT Delhi and NCL Pune for technical input, works directly with the Ministry of Coal on project design, and negotiates transmission access with the Central Transmission Utility of India Limited—clearly identifying both the mechanisms (consultations, research partnerships, direct negotiations) and the government bodies targeted. Finally, Thermax is explicit about the outcomes it is pursuing: shaping the final regulatory framework of the Carbon Credit Trading Scheme so it can enter compliance markets, securing Guarantees of Origin under the hydrogen certification scheme, obtaining renewable-energy green tariffs and inter-state transmission approvals, and advocating a cluster-based syngas off-take model with benchmarked capital costs for the steel sector. The level of detail across policies, methods and desired changes demonstrates comprehensive transparency in the company’s climate-related lobbying activity. | 4 |