In its 2020 ESG report, CSX President and Chief Executive Officer James M. Foote expressed the Company’s commitment to racial justice, noting that the company: … reaffirmed our commitment to social justice and racial equality – both within our organization and throughout our communities. Adding CSX’s voice to the side of anti-racism is not only our corporate obligation, but also an opportunity to strengthen our culture of inclusion. The company plans to implement its social justice commitment through the following stated plans: Potential or Perceived Inequities: Modernizing job titles to remove terminology that may be offensive or have racial connotations; reiterating zero tolerance policies; establishing long-term targets and performance management; ensuring bias mitigation and pay equity; and acknowledging the role of Black employees in CSX history. Voter Education: Increasing voting and awareness internally; communicating voting days and procedures across our territory; and encouraging voting on election days. Uncompensated slave labor built the CSX subsidiary, The Richmond, Fredericksburg & Potomac Railroad (RF&PR). The legacy of slavery casts a shadow on Black Americans today. The descendants of slaves have a lower level of wealth, have lower levels of home ownership, and have lower household income. It is unclear to investors whether the company is aligning its commitment to anti-racism with the public policies supported through its political and lobbying expenditures. The company discloses certain recipients of its political and lobbying expenditures, but not whether or how it assesses its public policy positions against its commitment to anti-racism. For example, it is unclear where the company stands in the prominent public policy debates related to racial equality such as closing the racial wealth gap, protection of voting rights including opposition to voter suppression, and reparations for descendants of slaves. To advance the Company’s commitment to anti-racism, the proponent believes that CSX should clarify the types of public policies that it supports and opposes in line with its commitment to anti-racism and should be assessing whether its lobbying, political contributions and funding of third-party public policy organizations is congruent with these commitments. Further, proponents believe that CSX should disclose action taken when a funded organization or candidate contradicts CSX’ own positions and how CSX engages funded organizations like trade associations on anti-racism and racial equity.