February 3, 2023
IRVING, Texas – Caterpillar Inc. (NYSE: CAT) has released The Purpose of Engagement, the company’s first Lobbying Report. The inaugural report details how and why Caterpillar participates in the public policy process, advocating for a range of issues that advance the company’s strategy and purpose while providing value to customers, shareholders, employees and other stakeholders.
“Our advocacy efforts and political engagements align with our Values in Action, governing laws and our enterprise strategy for long-term profitable growth,” said Caterpillar Chairman and CEO Jim Umpleby. “Our advocacy is demonstrated through our support of policies that allow us to help our customers build a better, more sustainable world.”
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. It 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. Numerous disclosures related to political engagements, including U.S. trade and industry association memberships, lobbying and contributions, are also provided.
All Caterpillar company reports can be found at caterpillar.com/reports.
With 2022 sales and revenues of $59.4 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.