🌍 Overall, European asset managers scored consistently higher than their peers, while North American managers saw scores decrease between 2023 and 2024. Japanese asset managers demonstrated a marked overall improvement in their climate lobbying stewardship between 2021 and 2024.

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🗝️ Key investor initiatives highlight the importance of policy engagement to address the financial risks posed by climate change.

Yet, many of the world’s largest asset managers are failing to step up on this topic with only 7/39 asset managers demonstrating best practice stewardship.

Analyzing 1,500+ evidence pieces across almost 300 companies & industry groups 2022 - 2024 InfluenceMap finds:

69% of communications only name-dropped or included a broad reference to a just transition

11% used just transition language to argue for an extended role for fossil fuels 🔎👇

3️⃣ Almost 2/3(64.5%) of misleading narratives from the fossil fuel industry regarding the energy transition were used in 🗣️CEO messaging or direct engagement with policymakers🗣️ demonstrating how these narratives are part of a deliberate high-level strategy aimed at shaping the policy environment.

2️⃣ The oil & gas industries' most used arguments focus on emphasizing the benefits of fossil gas for 💰affordability & energy security💰, leading these types of arguments to overtake those that emphasize limitations/uncertainties of alternative solutions (its previously favoured talking point).

1️⃣ Between COP20 and COP30, oil and gas companies and their industry associations 📈increased📈 their use of misleading narratives about the energy transition by one third compared to the year before COP29.

➕🚗🏭 new calculations show that if all new gas plants with CCS currently proposed by industry were to go ahead - even at a 90% capture rate - they could emit 2.4-5 million tons of carbon dioxide equivalent emissions annually, the same as adding 1.3-2.6 million petrol cars per year in the UK.

Analysis of lobbying on these bills and laws finds that prominent fossil fuel industry associations representing many of these producers are leading opposition to this nationwide, alongside large cross-sector industry groups.

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influencemap.org/briefing/Cal...

This latest report finds that the Big Five Canadian banks averaged $0.21 in green financing for every $1 in fossil fuel financing in 2024, substantially below the 0.68:1 ratio achieved by top European banks, indicating a lack of commitment to the climate transition.

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InfluenceMap's latest report finds no improvement in transparency or accountability at ICAO since 2022 & that ICAO's positions on climate policy mirror industry demands.

Read the report in full: influencemap.org/report/Corpo...