More than 40 investors joined in filing and co-filing the resolution seeking comprehensive disclosure of corporate lobbying. Among them are New York State Common Retirement Funds, Walden Asset Management, the AFSCME Employees Pension Plan, Needmor Fund, PAX World Fund, Tides Foundation, Funding Exchange, and Russell Family Foundation. Also participating are faith-based investors such as CHRISTUS Health, Catholic Health East, Midwest Capuchin Franciscans, Sisters of St. Joseph of Boston, Sisters of Notre Dame Boston, Mercy Investment Services, Glenmary Home Missioners, and Sisters of Notre Dame Toledo. This unique investor network is organized by the AFSCME Employees Pension Plan and Walden Asset Management, a division of Boston Trust & Investment Management Company.
Specifically, the resolution asks for disclosure of:
- Company policy and procedures governing lobbying, including that done on our company’s behalf by trade associations.
- Payments used for direct lobbying as well as grassroots lobbying communications.
- Membership in and payments to any tax-exempt organization that writes and endorses model legislation.
- Decision-making processes and oversight by management and the Board.