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What You Care About · Dependency ReportBeta

How far does cardiovascular disease and heart health depend on shareholder democracy?

Pivotal

Owners voting their values can deliver most of this outcome.

For 7 of 8 obstacles, shareholder democracy is necessary or pivotal.

Heart disease is usually described as a matter of habits, and the habits are supplied. Tobacco, the salt and sugar in everyday food, the fuel whose combustion loads the air, and the alcohol on the shelf are all products of listed companies, and what those companies make, sell and lobby for is decided in rooms their owners can reach.

Two obstacles turn on corporate political spending as much as on the products. A trade association speaking for Nestle, Coca-Cola and Mars lobbied the United Kingdom government on healthy eating guidance that was then dropped, and companies including Mondelez, Coca-Cola and PepsiCo have gone to court against health rules in five countries. Tobacco interference in policymaking has its own body of peer-reviewed research. Owners voting their values reach that spending directly, and it is the part of this subject that nothing else reaches.

The obstacles usually handed to governments and households look different once the chain is followed. Medicines that people cannot afford are priced and patented by listed companies. Wages that leave families short are set by listed employers, and Kroger shareholders voted on that in 2024. Rheumatic heart disease turns on a steady supply of one cheap injection that manufacturers have been leaving behind.

Only the chance to move, which is built mostly by streets, schools and daily routine, sits largely outside what a vote reaches, and companies help there at the margin. The overall rating is Pivotal, from tobacco and from food, where the product is the obstacle and the lobbying is documented.

No person has reviewed this report. Every claim was checked against the page it cites. If we got something wrong, tell us. How we score dependency.

What stands in the way, scored

The obstacles and their order follow the World Health Organization's cardiovascular disease topic page and fact sheets, the CDC's heart disease risk factor pages, and the World Heart Federation's reports.

Ordered by the analyst, drawing on Cardiovascular diseases, World Health Organization.

1. Tobacco use and addictionPivotal

Companies involved: Altria Group, Inc. (shareholders vote here); Philip Morris International Inc. (shareholders vote here); The Kroger Co. (shareholders vote here)

The filings held for this report show the 2024 Altria and Kroger proposals. No vote result for the Altria proposal appears in the documents read.

The World Health Organization places tobacco use among the most important behavioural risk factors for heart disease and stroke, and the CDC states that smoking damages the heart and blood vessels.

What two listed companies make and sell is this obstacle rather than a contributor to it. Altria and Philip Morris International manufacture the combustible products that the World Health Organization names among the most important behavioural risk factors for heart disease and stroke, and the CDC says cigarette smoking damages the heart and blood vessels. A vote reaches both the product range and the political spending behind it. Trinity Health and five co-filers asked Altria shareholders in 2024 to have the company report on the congruence of its lobbying with its stated positions, and the Sisters of St. Francis of Philadelphia asked Kroger to count the public health costs of its tobacco sales. Tobacco interference in policymaking is documented well enough to have its own peer-reviewed literature. Owners can direct what a tobacco company sells, which is why this is rated Pivotal.

Shareholder advocacy on record

Already working on this

Trinity Health (filer)☆ FollowSisters of St. Francis of Philadelphia (filer)☆ FollowCommonSpirit Health (co-filer)☆ FollowMercy Investment Services (co-filer)☆ Follow

Care about this, and have not voted their shares on it

  • American Heart Association a large membership that plainly cares about heart disease, with no shareholder advocacy at tobacco companies in the documents read for this reportAsk them to vote
2. Unhealthy diet and ultra-processed foodPivotal

Companies involved: PepsiCo, Inc. (shareholders vote here); The Coca-Cola Company (shareholders vote here); Mondelez International, Inc. (shareholders vote here); Nestle S.A. (shareholders vote here); Food and Drink Federation (an industry group, no shareholder vote)

The World Health Organization lists unhealthy diet among the behavioural risk factors for cardiovascular disease and traces raised blood pressure, cholesterol and obesity back to it.

Food companies decide how much salt, sugar and fat go into everyday products, and they have spent heavily to keep public policy off that decision. A trade association speaking for Nestle, Coca-Cola and Mars lobbied the United Kingdom government on its healthy eating plans, and a Guardian investigation found the guidance for retailers was then dropped. A separate 2026 investigation counted 235 lawsuits brought against governments in five countries since 2010, with Mondelez, Coca-Cola and PepsiCo among the companies going to court. Cardiovascular researchers in the BMJ concluded that a voluntary deal with the food industry stalled a salt reduction strategy that had been working. Shareholders have asked directly: eight investors led by Sisters of the Sorrowful Mother International Finance put a sweetener risk assessment to PepsiCo's 2025 meeting. The rating is Pivotal, from that political spending.

Shareholder advocacy on record

  • 2025: Sisters of the Sorrowful Mother International Finance, Inc. at PepsiCo, Inc. Co-filed with School Sisters of Notre Dame Central Pacific Province, Missionary Oblates of Mary Immaculate, Sisters of the Humility of Mary, Benedictine Sisters of Mount St. Scholastica, Congregation des Soeurs des Saints Noms de Jesus et de Marie, CommonSpirit Health, Trinity Health. Asked the company to Commission a third-party assessment of the risks of non-sugar sweeteners in the company's products.. 111,189,815 for and 875,831,227 against, with 19,563,345 abstentions, as the company's own filing records it.. we found no documented change. Source
  • 2024: ShareAction at Nestle S.A. Asked the company to Set out and raise the share of sales that comes from healthier products.. ShareAction says the resolution did not win majority support and that it is continuing to engage the company.. we found no documented change. Source

Already working on this

Sisters of the Sorrowful Mother International Finance, Inc. (filer)ShareAction (advocate)☆ FollowSeventh Generation Interfaith, Inc. (supporter)Trinity Health (co-filer)☆ Follow

Care about this, and have not voted their shares on it

  • World Heart Federation the leading professional body on cardiovascular disease, with no shareholder advocacy at food companies in the documents read for this reportAsk them to vote
  • American Heart Association a large membership that plainly cares about heart-healthy diet, with no shareholder advocacy at food companies in the documents read for this reportAsk them to vote
3. Air pollution from fossil fuel combustionNecessary

Companies involved: Exxon Mobil Corporation (shareholders vote here)

The Majority Action filing is a campaign to vote against directors rather than a shareholder proposal, and the documents held for this report do not carry its result.

The World Health Organization puts stroke and ischaemic heart disease among the disease outcomes most strongly linked to air pollution exposure.

Listed companies produce, carry, burn and sell the fuel whose combustion loads the air that raises stroke and heart disease risk, and a call to action in the American Heart Association's journal states that the fossil fuel industry has played a major role in orchestrating the failure to cut those emissions. ShareAction's 2026 investor briefing puts the exposure in freight and logistics, construction, retail and automotive companies that depend on urban road transport, which is a list of companies a vote reaches. Majority Action asked Exxon Mobil shareholders to vote against three directors over the company's refusal to align its lobbying with the Paris Agreement. Governments still set air quality limits and households still choose how they travel, so owners remove an obstacle here that nothing else removes while others must also act.

Shareholder advocacy on record

  • 2023: Majority Action at Exxon Mobil Corporation Asked the company to Vote against the chair and two directors over the failure to set a net zero target covering scope 3 emissions, to align capital allocation with 1.5 degrees, and to commit all lobbying to the goals of the Paris Agreement.. Result not stated in the documents held for this report.. we found no documented change. Source

Already working on this

Majority Action (advocate)☆ FollowShareAction (advocate)☆ Follow

Care about this, and have not voted their shares on it

  • American Lung Association a large membership that plainly cares about air pollution and health, with no shareholder advocacy at fossil fuel companies in the documents read for this reportAsk them to vote
4. Physical inactivity and sedentary livingHelpful

We found no shareholder advocacy on this obstacle in the documents read for this report.

The World Health Organization reports that 31% of adults and 80% of adolescents fall short of recommended physical activity, and counts physical inactivity among the leading risk factors for noncommunicable disease deaths.

Streets, schools, workplaces and the shape of the day decide how much people move, and most of that is built by households, schools and local government rather than by any company. The World Health Organization's own recommendations name schools, workplaces, childcare centres and healthcare as the settings, alongside access to walking, cycling and non-motorized transport. Employers, transport operators and property developers sit in that chain and can widen or narrow the chance to move, which is real and is not the critical path. No shareholder advocacy on physical activity appears in the documents read for this report. Owners can help at the margin here, through what employers require of their own workplaces, and the obstacle itself belongs to public planning and daily routine, which is why this is rated Helpful.

Care about this, and have not voted their shares on it

  • World Heart Federation the leading professional body on cardiovascular disease, with no shareholder advocacy on physical activity in the documents read for this reportAsk them to vote
5. Harmful alcohol consumptionNecessary

Companies involved: Heineken N.V. (shareholders vote here); Anheuser-Busch InBev SA/NV (shareholders vote here); Drinks Ireland (an industry group, no shareholder vote)

We found no shareholder proposal at an alcohol company on cardiovascular health in the documents read for this report.

The World Health Organization names harmful use of alcohol among the most important behavioural risk factors for heart disease and stroke, and an American Heart Association scientific statement finds three or more drinks a day consistently associated with worse outcomes in every cardiovascular disease entity studied.

Listed producers decide what is in the bottle, how it is marketed and what the label says, and they have spent to keep the label quiet. The World Health Organization's European office holds that prominent health warning labels on alcoholic beverages are essential and calls the measure simple and inexpensive. Ireland legislated for them in 2018, and the Institute of Alcohol Studies reports that industry pushback delayed them by a further two years and that the industry lobbies extensively to block, delay or weaken the policy. An investigation of the United States lobbying register found Heineken and AB InBev each meeting the US Trade Representative while those labels were under discussion. Governments set tax and licensing and households decide what they drink, so owners remove an obstacle here that nothing else removes while others must also act.

Care about this, and have not voted their shares on it

  • Institute of Alcohol Studies documents the industry's lobbying on labelling in detail, with no shareholder advocacy at alcohol companies in the documents read for this reportAsk them to vote
  • American Heart Association a large membership that plainly cares about the cardiovascular harm of heavy drinking, with no shareholder advocacy at alcohol companies in the documents read for this reportAsk them to vote
6. Access to cardiovascular medicines and careNecessary

Companies involved: Eli Lilly and Company (shareholders vote here); Johnson & Johnson (shareholders vote here); Pfizer Inc. (shareholders vote here)

A public health review of access to diabetes, hypertension and dyslipidaemia care found affordability and availability of medicines to be the most reported barrier across income groups.

Drug companies set the prices and the patents that decide whether a person with high blood pressure can afford to stay on treatment, and a public health review found affordability and availability of medicines to be the most reported barrier to care for hypertension and diabetes. Those decisions are already on ballots. Trinity Health and five co-filers asked Eli Lilly shareholders in 2024 to have the company weigh patient access before applying for secondary or tertiary patents, Mercy Investment Services asked Johnson & Johnson shareholders in 2025 for a human rights assessment covering access to medicines, and the Interfaith Center on Corporate Responsibility filed across the sector on pricing strategy. Health systems, insurers and public budgets carry the rest of this obstacle, so owners remove part of it that nothing else removes while others must also act.

Shareholder advocacy on record

  • 2024: Trinity Health at Eli Lilly and Company Co-filed with Adrian Dominican Sisters, Friends Fiduciary Corporation, Mercy Investment Services, Sisters of Charity of St. Elizabeth, Sisters of St. Francis of Dubuque Charitable Trust. Asked the company to Adopt and report on a policy that weighs the effect on patient access when deciding whether to apply for secondary or tertiary patents.. Result not stated in the documents held for this report.. we found no documented change. Source
  • 2025: Mercy Investment Services at Johnson & Johnson Asked the company to Oversee human rights due diligence and produce a human rights impact assessment covering the company's products and access to medicines.. Result not stated in the documents held for this report.. we found no documented change. Source

Already working on this

Interfaith Center on Corporate Responsibility (advocate)☆ FollowTrinity Health (filer)☆ FollowMercy Investment Services (filer)☆ Follow

Care about this, and have not voted their shares on it

  • World Heart Federation the leading professional body on cardiovascular disease, with no shareholder advocacy on access to cardiovascular medicines in the documents read for this reportAsk them to vote
7. Socioeconomic inequality and the social determinants of heart healthNecessary

Companies involved: The Kroger Co. (shareholders vote here)

An American Heart Association review finds that the economic, social, environmental and psychosocial factors grouped as social determinants of health play a significant role in cardiovascular risk, illness and death.

Pay is a social determinant of heart health that a listed employer sets directly, and the American Heart Association finds economic and social factors playing a significant role in cardiovascular risk, illness and death. Kroger shareholders voted on exactly that in 2024, on a proposal from The Shareholder Commons asking the board to set wage policies reasonably designed to give workers the minimum earnings a family needs. The company had raised its average hourly wage to $18 in 2023, while research from the Massachusetts Institute of Technology put the living wage for two working adults in a family of four at over $25 an hour each. Housing, schooling and tax policy carry much of the rest, so owners remove part of this obstacle that nothing else removes while others must also act.

Shareholder advocacy on record

  • 2024: The Shareholder Commons, Inc. at The Kroger Co. Asked the company to Establish wage policies reasonably designed to provide workers with the minimum earnings necessary to meet a family's basic needs.. 94,120,669 for and 472,435,303 against, with 4,712,778 abstentions, as the company's own filing records it.. we found no documented change. Source

Already working on this

Care about this, and have not voted their shares on it

  • American Heart Association publishes the science on social determinants of cardiovascular disease, with no shareholder advocacy on wages in the documents read for this reportAsk them to vote
8. Rheumatic heart disease and the penicillin supplyNecessary

Companies involved: Pfizer Inc. (shareholders vote here)

We found no shareholder proposal on the benzathine penicillin supply in the documents read for this report.

The World Health Organization describes rheumatic heart disease as preventable with a steady supply of benzathine penicillin G, and states that the antibiotic is prone to global shortages.

One cheap injection stands between a child's sore throat and a damaged heart valve, and whether it is made is a company decision. The World Health Organization states that a steady supply of benzathine penicillin G is an essential prerequisite for prevention, that the antibiotic is prone to global shortages, and that high manufacturing costs alongside low purchase prices have pushed manufacturers out. Australia and other high income countries have depended on a single preparation, Pfizer's Bicillin-LA, which has held the only Australian approval since the 1990s. A board that keeps a low-margin medicine in production is making a decision its owners can reach. Housing, sanitation, early detection and health systems carry the rest of this obstacle, so owners remove part of it that nothing else removes while others must also act.

Care about this, and have not voted their shares on it

  • World Heart Federation runs the global programme on rheumatic heart disease, with no shareholder advocacy on the penicillin supply in the documents read for this reportAsk them to vote

What owners can do

  • Vote alongside an organization that publishes how it votes on tobacco, food and alcohol company ballots, so the shares you own carry your view on what those companies sell.
  • Ask that a company report on whether its lobbying matches what it says publicly about health, which is what the 2024 Altria proposal asked for.
  • Support proposals that weigh patient access before a drug company extends a patent, and wage proposals at the large employers in your portfolio.

Where this sits on our maps

Organizations to know

  • Trinity Health leads shareholder proposals at Altria, Philip Morris International and Eli Lilly on lobbying congruence, product harm and patient access.☆ Follow
  • Interfaith Center on Corporate Responsibility coordinates the investor work on drug pricing and access to medicines across the pharmaceutical sector.☆ Follow
  • ShareAction runs the investor campaign on the share of food company sales that come from healthier products, and published the 2026 investor briefing on air pollution.☆ Follow
  • The Shareholder Commons, Inc. filed the 2024 Kroger proposal asking the board to set wage policies that meet a family's basic needs.☆ Follow
  • Majority Action asked Exxon Mobil shareholders to vote against directors over the company's climate lobbying.☆ Follow
  • Sisters of St. Francis of Philadelphia led the 2024 Kroger proposal on the public health costs of tobacco sales.☆ Follow

Sources

  1. Cardiovascular diseases (World Health Organization)
  2. Heart Disease Risk Factors (Centers for Disease Control and Prevention)
  3. Health Impacts of Air Pollution (World Health Organization)
  4. Physical activity (World Health Organization)
  5. Rheumatic heart disease (World Health Organization)
  6. Alcohol labels should warn of cancer risk, says new WHO/Europe report (World Health Organization Regional Office for Europe)
  7. Alcohol Use and Cardiovascular Disease: A Scientific Statement From the American Heart Association (Circulation, American Heart Association)
  8. Fossil Fuels, Climate Change, and Cardiovascular Disease: A Call to Action (Circulation, American Heart Association)
  9. Social Determinants of Cardiovascular Disease (Circulation Research, American Heart Association)
  10. Barriers and Facilitators in Access to Diabetes, Hypertension and Dyslipidemia Medicines (Public Health Reviews)
  11. UK government dropped health push after lobbying by ultra-processed food firms (The Guardian)
  12. If all else fails, sue: how ultra-processed food firms are using the courts to obstruct health rules (The Guardian)
  13. Food and the responsibility deal: how the salt reduction strategy was derailed (The BMJ)
  14. Advocacy counterstrategies to tobacco industry interference in policymaking (Globalization and Health)
  15. Inside the alcohol industry's global campaign to delay Ireland's world-first health labels (TheJournal.ie)
  16. Alcohol industry pushback forces Irish Government to kick health warning labels down the road (Institute of Alcohol Studies)
  17. Shortages of benzathine benzylpenicillin G in Australia (Medical Journal of Australia via PubMed Central)
  18. Breath of fresh air: investor briefing on ambient air pollution (ShareAction)
  19. Notice of Exempt Solicitation: Altria Group, Inc., 2024 (U.S. Securities and Exchange Commission)
  20. Notice of Exempt Solicitation: The Kroger Co., tobacco public health costs, 2024 (U.S. Securities and Exchange Commission)
  21. The Kroger Co. Form 8-K, 2024 annual meeting vote results (U.S. Securities and Exchange Commission)
  22. Notice of Exempt Solicitation: PepsiCo, Inc., non-sugar sweetener risks, 2025 (U.S. Securities and Exchange Commission)
  23. PepsiCo, Inc. Form 8-K, 2025 annual meeting vote results (U.S. Securities and Exchange Commission)
  24. Notice of Exempt Solicitation: Eli Lilly and Company, patent exclusivities and access, 2024 (U.S. Securities and Exchange Commission)
  25. Notice of Exempt Solicitation: Johnson & Johnson, human rights impact assessment, 2025 (U.S. Securities and Exchange Commission)
  26. Notice of Exempt Solicitation: The Kroger Co., living wage, 2024 (U.S. Securities and Exchange Commission)
  27. Notice of Exempt Solicitation: Exxon Mobil Corporation, 2023 (U.S. Securities and Exchange Commission)
  28. 2024 Shareholder Proposals at Pharma Companies Cite Strategies to Keep Drug Prices High (Interfaith Center on Corporate Responsibility)
  29. Nestle shareholder vote on health resolution (ShareAction)

About this report

The rating answers two questions: how far the outcome depends on companies changing what they make, how they make it and what they sell, and how far it depends on companies dropping their political influence against it. The higher answer sets the rating: Independent, Helpful, Necessary or Pivotal.

This is the deep report. A frontier model researched it against documents captured as it read them, and every fact it recorded carries an excerpt from one of those documents. Each excerpt was matched to its document twice: on the machine that did the work, and again here. The ratings are analytical judgments under our method, not findings of any organization named here.

What we read. 12 documents were held for this report and every quotation was checked against them.

First drafted September 22, 2026, reviewed and republished September 22, 2026. Scoring method revision 1.4.

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The passes can run on different models, so each one records its own. Where a model was asked for by a name that moves, the exact build that answered is shown.

  • The deep run · September 22, 2026 · Read 12 documents and wrote 38 claims, each with an excerpt from one of them.local runner · claude-opus-5

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