2022 Caterpillar Lobbying Report:
The Purpose of Engagement
The report, which the company plans to issue annually, provides greater transparency and disclosure of the company’s U.S. political engagement strategy, including a description of the governance oversight and management of these activities. Caterpillar’s shareholders have demonstrated interest in more transparency and a better understanding of our political engagement strategy. We value their input and diverse perspectives and are implementing a number of key changes based on shareholder feedback. Our Values in Action, governing laws and strategy for profitable growth continue to guide how we act and manage, whom we engage with, and our areas of focus.
The report also outlines climate lobbying efforts focused on supporting Caterpillar’s customers during the energy transition, Caterpillar’s relationships with U.S. trade and industry associations, employee engagement in advocacy initiatives, and Caterpillar Inc. Political Action Committee governance.
Current U.S. Disclosures
Our commitment to transparency and disclosure in our advocacy activities has long been recognized. As part of that commitment, numerous voluntary disclosures and links to filings related to our political engagements are below. When permitted by law, Caterpillar may make corporate political contributions in the United States that align with Caterpillar’s business interests. We may support political committees, political parties, ballot measure committees, associations, and other political organizations, including those operating under section 527 of the Internal Revenue Code. All such corporate political contributions are reported biannually. Caterpillar does not make independent expenditures on behalf of or in opposition to federal, state or local candidates and does not contribute to presidential campaigns or Super PACs. Additionally, we have changed the reporting threshold for U.S. trade and industry association contributions. In previous years, Caterpillar reported membership contributions of $50,000 or more annually. For 2023 and going forward, we will report all U.S. trade and industry association memberships biannually. You can find this information – and the percentage of annual membership dues used for federal lobbying as reported by each organization – in the Lobbying Report.
