Big Fund Managers Ripped for Opposing Political Cash Disclosures – Bloomberg

BlackRock Inc., Vanguard Group Inc. and Fidelity Investments are being drawn into a fight over political spending with a top Securities and Exchange Commission official rebuking the fund managers for failing to push corporations to disclose their campaign contributions. As managers of trillions of dollars, BlackRock, Vanguard and Fidelity are among the biggest investors in…

How FedEx Cut Its Tax Bill to $0 – The New York Times

In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing. What changed was the Trump administration’s tax cut — for which the company had lobbied hard. The public face of its lobbying effort, which included a tax proposal of its own, was FedEx’s founder and chief…

Converging on climate lobbying: aligning corporate practice with investor expectations | Reports/Guides | PRI

PRI’s new guidance for engagement on corporate climate denial and lobbying: nvestors are increasingly scrutinising corporate engagement on climate policy as it plays a critical role in helping governments create practical climate policy solutions. However, corporate engagement on climate policy is a double-edged sword.  Negative and resistant corporate interest, often represented by third-party organisations, can…

GOP Lobbyists Helping U.S. Companies Exploit the Amazon

The Intercept has an excellent expose of the role of US lobbyists in promoting the catastrophic destruction of the Amazonian rainforest. This summer, fires are being used to clear wide swaths of the Amazon at an unprecedented rate. One-fifth of the Amazon has already been destroyed in the past 50 years; further industrialization of the rainforest risks destroying…

Abortion Likely to Spark Shareholder Activism

The recent adoption of unprecedented restrictions on abortions in states including Georgia, Louisiana, Missouri, and Alabama is a legal and political controversy that is likely to become a corporate governance controversy as well.  Judd Legum at Popular Information dug through the disclosure of corporate political contributions and revealed that these corporations supported politicians who sponsored…

UCF Leads a Resolution that Generates 79.7% Support from Shareholders « United Church Funds

United Church Funds (UCF) is celebrating the very successful campaign at pharmaceutical company Mallinckrodt, where a resolution that UCF sponsored on lobbying disclosures generated 79.7% support from the company’s shareholders.United Church Funds and Investors for Opioids Accountability (IOA) members congratulate Mallinckrodt for supporting the shareholder proposal regarding a report on lobbying activities and agree with…

These Six Corporations Are Supporting the Controversial New Abortion Bans

Investigative reporter Judd Legum of Popular Info has identified six major corporations who are supporting the state legislators behind the controversial new abortion bans: Coca-Cola, Eli Lilly, Aetna, ATT, Walmart, and Pfizer. He explains in the Twitter thread the laborious process of getting the information, the exact dollar amount of each contribution to each legislator…