Caterpillar
Corporate Bias Rating
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Risk Level:
Summary:
Caterpillar does not provide viewpoint protections for its employees. However, it has not publicly terminated business relationships based on views or beliefs. Caterpillar discriminates against religious organizations in its charitable giving. The company is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. Caterpillar pledged $1 million to BLM and related causes and supported Planned Parenthood in 2019. However, it has not used its political contributions for ideological purposes. For these reasons, Caterpillar receives a Medium Risk rating.
Board Bias
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CEO of Caterpillar
D. James Umpleby III
Summary:
Headquartered in Irving, Texas, Caterpillar is a member of the Fortune 250 operating in the Capital Goods industry. D. James Umpleby III and D. James Umpleby III serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $259,330 to Republican causes and $66,100 to Democratic causes. Under their tenure, Caterpillar currently holds a 'Medium Risk' risk rating.
Political Contributions of Leadership:
$259,330
$66,100
Republican
Democrat
Shareholder Proposals
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| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 6/14/23 | Governance | Myra K. Young | Provide Disclosure on Direct and Indirect Lobbying | Against | 28.90% |
| 6/14/23 | Environmental | John Chevedden | Report on how Caterpillar Lobbying and Policy Activities Align with the Goal of the Paris Agreement | Against | 28.10% |
| 6/14/23 | Social | Wespath Benefits and Investments | Report on Business Activities in Conflict-Affected and High-Risk Areas | Against | 14.18% |
| 6/14/23 | Social | National Center for Public Policy Research | Audit Analyzing the Impacts of the Company's Diversity, Equity, and Inclusion Policies | Against | 1.70% |
| 6/8/22 | Environmental | As You Sow | Report on Long-Term Greenhouse Gas Targets Aligned with Paris Agreement | Against | 95.50% |
| 6/8/22 | Social | Myra K. Young | Report on Lobbying | Against | 44.28% |
| 6/8/22 | Governance | John Chevedden | Special Meetings - Reduce Ownership Req. to 10% | Against | 43.22% |
| 6/8/22 | Social | Wespath Benefits & Investments | Report on Activities in Conflict-Affected Areas | Against | 10.37% |
In the News
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