Boeing Shareholders Spurn Climate Lobbying, China Risk Proposals (1)

Boeing shareholders on Tuesday voted against proposals raising concerns about the company’s lobbying as well as the risk of doing business in China.

The Province of St. Joseph of the Capuchin Order sought a report on Boeing’s lobbying, with a focus on the company’s “indirect” lobbying through organizations the company belongs to. The shareholders said Boeing fails to disclose payments to trade associations and social welfare organizations, or the amounts that are ultimately used for lobbying.

“We are concerned that Boeing’s lack of disclosure presents reputational risk when its lobbying contradicts company public positions,” the shareholders said in their proposal, ...