BANK OF AMERICA CORPORATION | Shareholder proposal requesting report on lobbying alignment with Bank of America’s climate goals

Status
Filed
AGM date
Previous AGM date
Proposal number
7
Resolution details
Company ticker
BAC
Lead filer
Trillium Asset Management
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Lobbying / political engagement
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
United States
Resolved clause
Shareholders request that BAC’s Board of Directors analyze and report to shareholders annually (at reasonable cost and omitting
confidential information) on the alignment of its lobbying and policy influence activities with its 2030 sectoral emissions reduction and 2050 net
zero targets. This report should include both direct and indirect activities (through trade associations, coalitions, alliances, etc.), the climate policy
activities and positions analyzed, the criteria used for assessment, and any stakeholder involvement.
Whereas clause
In evaluating the degree of alignment between its net zero goals and its policy advocacy, BAC should disclose its
lobbying actions regarding climate provisions of key international, federal, and state legislation and regulation, where relevant, and not merely
rely on organizational statements supporting climate progress.

How other organisations have declared their voting intentions

Organisation nameDeclared voting intentionsRationale
Wesleyan Assurance SocietyFor
Rothschild & co Asset ManagementFor

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.