State Street Global Advisors has advocated for strong stewardship of political activities. In our Q2 2019 Stewardship Activity Report, we discussed the “Growing Attention to Political Contributions,” and in Q2 2020, we highlighted the emergence of climate-related lobbying proposals in the United States.
As part of our 2021 engagement and voting guidelines as well as our annual stewardship priorities, we are outlining the framework we use to evaluate three common political activity shareholder proposals:
1) political contributions,
2) lobbying, and
3) industry groups and climate lobbying.