The number of public corporations in the S&P 500 Index getting scores of 90 percent or better, called Trendsetters, jumped from 89 last year to a record 100 now, according to data in the 2023 CPA-Zicklin Index of Corporate Political Disclosure and Accountability.
One fifth of S&P 500 firms rank as ‘trendsetters’ in 2023 CPA-Zicklin Index of Corporate Political Disclosure and Accountability…
One fifth of S&P 500 firms rank as ‘trendsetters’ in 2023 CPA-Zicklin Index of Corporate Political Disclosure and Accountability.
As the U.S. continues to look polarized politically, a growing number of S&P 500 companies have made the effort to earn the highest scores from a watchdog organization that’s focused on transparency in corporate political spending.
The Center for Political Accountability recently published this 10-page guide to corporate political spending. The guide suggests solutions to 5 common challenges that arise from contributions to political candidates, trade associations, and other third-party groups.
The purpose of the Guide is to help safeguard companies as they make political spending decisions in today’s charged environment.
Today members of the Interfaith Center on Corporate Responsibility (ICCR) announced they had sent letters to members of the Business Roundtable urging them to align political spending with their state core values, to mitigate both reputational risks to the company, and broader risks to democracy.
Corporations increasingly face risk from their political spending, and that risk is heightened when they have not charted where funds will actually go.