shareholder proposal · 2025
ICCR members including United Church Funds, Zevin Asset Management, Trillium Asset Management and the Center for Political Accountability at 60 companies in the 2025 proxy season, including AbbVie and Air Products
Sixty shareholder proposals for the 2025 proxy season seeking fuller disclosure and stronger board oversight of corporate political activity: 32 on lobbying, 23 on political election spending, and five asking companies to assess whether their lobbying on climate issues is consistent with their stated climate goals.
What happened
Result: Eight resolutions were withdrawn after companies agreed to expanded disclosure, and six were heading to votes at annual meetings that spring. Early in the season Air Products challenged its lobbying resolution at the SEC and, breaking from past practice, the staff sided with the company and allowed the resolution to be omitted, which was followed by more than 13 further successful company challenges on similar arguments.
AbbVie added incrementally to its lobbying spending disclosure and did not renew membership in four trade associations, and Zevin Asset Management withdrew its resolution there after reaching an agreement. United Church Funds' dialogues with four companies also ended in withdrawals. Against that, the SEC's decision for Air Products reversed the staff's past practice on these resolutions and opened the way for more than 13 further exclusions in the same season.
Who is involved
- ICCR members including United Church Funds, Zevin Asset Management, Trillium Asset Management and the Center for Political Accountability filer, not an organization we hold yet
- AbbVie company
- Air Products company
What this campaign is about
- Political Voice Necessary · Doughnut Economics