Amgen Inc

Lobbying Governance

AI Extracted Evidence Snippet Source

ESG Accountability Begins at the Top The Amgen Board of Directors (Board) and its applicable committees oversee Amgen's ESG strategy. The Corporate Responsibility and Compliance Committee assists the Board with oversight of Amgen's activities in areas that include environmental sustainability, access to healthcare and corporate philanthropy. The Board's Compensation and Management Development Committee has oversight of human capital management including diversity, inclusion and belonging. The Governance and Nominating Committee oversees the Company's corporate governance activities and Board membership. The Audit Committee provides oversight of our disclosure controls and procedures, including those supporting our ESG reporting metrics. Amgen's executive management provides regular updates to the Board and its committees regarding the status and progress of the Company's ESG activities. Our cross-functional, executive-level ESG Council sets and reviews the Company's ESG strategy and programs. The Council is chaired by the senior vice president of Corporate Affairs. Four initiative steering committees (ISCs), each aligned with one of our four strategic pillars, support the ESG Council. Each ISC coordinates the implementation of the strategy for its respective pillar and integrates our ESG strategy into the Company's activities with the support of subject matter expert working teams. ISC members also help identify emerging ESG issues that could impact Amgen's business, employees, communities or stakeholders and, when appropriate, raise them with the ESG Council for discussion and analysis.

https://www.amgen.com/responsibility/-/media/Themes/CorporateAffairs/amgen-com/amgen-com/downloads/responsibility/amgen-2022-esg-report.pdf

## Responsible Oversight and Governance of Political Engagement by Our Board, its Committees, and Our Executives

Our Board, its committees, and our executives, oversee our political engagement, positions on important public policy issues, policies on political expenditures, and our political contributions. The Corporate Responsibility and Compliance Committee ("CRCC") of our Board of Directors (composed of independent outside directors) oversees our government affairs activities, including our political contributions (including PAC activity compliance), public policy positions with respect to pending legislative or other initiatives, as well as the processes by which we make charitable contributions, including the activities of The Amgen Foundation and the Amgen Safety Net Foundation.[1] The CRCC provides regular updates to the Board of Directors. Our executive management provides regular updates to the Board and its committees.

Our employees voluntarily fund and we administer a political action committee ("PAC") governed by a board of directors, composed of Amgen executives, that oversees all PAC activities. The members of the PAC board are executives who represent a diverse cross-section of experience and functional areas within the Company. PAC contributions are considered and approved in advance by the Senior Vice President, Global Government Affairs and Policy, with the oversight of the PAC board. The PAC treasurer (or designee) and our compliance vendor review each contribution for budgetary and legal compliance. All PAC activity is also audited by a third-party firm on a regular basis.

Our Senior Vice President, Global Government Affairs and Policy, leads the Global Government Affairs and Policy ("GGA&P") team with the oversight by the CRCC. Our GGA&P team participates responsibly and constructively in the legislative process by educating elected officials and other policymakers in Washington, D.C., and in state capitols around the U.S. about public policies that are consistent with our mission to serve patients. [...] ## Political Contributions Transparency

Since 2007, corporate political and PAC contributions have been actively disclosed in our semi-annual report on our website located here. All PAC disbursements are also publicly disclosed monthly and available on the website of the Federal Election Commission.

Further, at the federal level, we file a quarterly report that lists the issues on which we have conducted federal lobbying activities with the Office of the Clerk of the U.S. House of Representatives and the Secretary of the U.S. Senate. These quarterly lobbying activity reports are available in the House or Senate databases. Additionally, we expect any third parties with which we are affiliated and that engage in federal lobbying activities to report these activities. Annually, we post a list of states where we file lobbying reports and, to the extent available, either links to the reports filed with each state or links to state websites where such information can be found. Our most current report of such state lobbying information can be found here. [...] ## Our Annual Review of Lobbying Support and Political Contributions and Results

We annually analyze the alignment of our Lobbying Support and political contributions during the preceding year in accordance with the considerations discussed above. This review for 2023[2] resulted in the finding of no instances of substantial misalignment between our mission to serve patients and our Lobbying Support or the positions of a candidate to whom we had provided our political support.

https://www.amgen.com/about/how-we-operate/policies-practices-and-disclosures/-/media/Themes/CorporateAffairs/amgen-com/amgen-com/downloads/about/political-engagement-report.pdf

## Responsible Oversight and Governance of Environmental Sustainability and Political Engagement by Our Board, its Committees, and Our Executives

Our Board, its committees, and our executives oversee our ESG strategy and our political engagement. The Corporate Responsibility and Compliance Committee ("CRCC") of the Board of Directors oversees our environmental sustainability strategy and activities and our government affairs activities, including our political contributions, public policy positions with respect to pending legislative or other initiatives, as well as the processes by which we make charitable contributions (including the activities of The Amgen Foundation and the Amgen Safety Net Foundation[ 1]). The Board's Audit Committee provides oversight of our disclosure processes in support of our ESG reporting, as well as oversight of assurance of key data in our ESG Report, including progress against our environmental targets. The CRCC and Audit Committee are each composed of independent outside directors and provide regular updates to the Board of Directors. Our executive management provides regular updates to the Board and its committees regarding the status and progress of the Company's ESG activities, including environmental sustainability updates.

Our Senior Vice President, Corporate Affairs leads the Company's ESG efforts. Our cross-functional executive-level ESG Council, chaired by the Senior Vice President, Corporate Affairs, sets and reviews the Company's environmental sustainability strategy and programs, provides guidance on program implementation, and oversees the continuing enhancement of our approach to ESG. The Council regularly evaluates current and emerging ESG-related risk topics that are relevant to our business.

Our ESG framework is built on four strategic pillars discussed below. "Healthy planet," a key strategic pillar, focuses on our prioritization of sustainability and aim to minimize our environmental impact. Initiative steering committees ("ISC"s), each aligned with one of the four strategic pillars, support the ESG Council. Each ISC coordinates the implementation of the strategy for its respective pillar and integrates our ESG strategy into the Company with the support of subject-matter-expert working teams. ISC members identify emerging ESG issues that could impact our business, employees, communities or stakeholders and, when appropriate, raise them with the ESG Council for discussion and analysis.

Our Senior Vice President, Global Government Affairs and Policy leads the Global Government Affairs and Policy ("GGA&P") team with the oversight by the CRCC. Our GGA&P team participates responsibly and constructively in the legislative process by educating elected officials and other policymakers in Washington, D.C., and in state capitols around the U.S. about public policies that are consistent with our mission to serve patients. We are committed to complying with all applicable laws, rules, and regulations that govern our political engagements. Lobbying is highly regulated in the U.S. through a variety of state and federal registration and reporting laws. We require that our employees and outside firms comply with the Lobbying Disclosure Act and Honest Leadership and Open Government Act."

"## Lobbying Activity Transparency

We are transparent about our lobbying activities. At the federal level, we file a quarterly report that lists the issues on which we have conducted federal lobbying activities with the Office of the Clerk of the U.S. House of Representatives and the Secretary of the U.S. Senate. These quarterly lobbying activity reports are available in the House or Senate databases. Additionally, we expect any third parties with which we are affiliated and that engage in federal lobbying activities to report these activities. Annually, we post a list of states where we file lobbying reports and, to the extent available, either links to the reports filed with each state or links to state websites where such information can be found. Our most current report of such state lobbying information can be found here.

A table identifying each U.S. trade association that received dues payments of greater than or equal to $50,000 from us and the portion of these payments identified by the trade association as being used for lobbying expenditures is presented here."

"## Results of Our Annual Review of U.S. Trade and Industry Associations That Conduct Climate Lobbying and Alignment on Climate Lobbying

Environmental sustainability is important to us and, in 2023, we reviewed and analyzed our U.S. trade association memberships with an emphasis on the climate-focused lobbying activities by associations in which Amgen[2] is a member. As noted below, we disclose payments to certain U.S. trade associations, and the specific amounts identified by such trade associations as being used for lobbying expenditures ("Lobbying Support"), here. While Amgen is not providing direct Lobbying Support, we are members of trade associations that align with business interests and policy goals. Our process and methodology included reviewing our memberships and conducting an assessment of climate-related policy and advocacy positions to determine alignment with the Paris Agreement's goal of limiting the global average temperature rise to 1.5 degrees Celsius.

We did not identify any areas of climate-related policy or Paris Agreement misalignment with any such U.S. trade associations. If misalignment with U.S. trade and industry associations in which Amgen is a member is identified in the future, we will consider whether or not to remain a member. We may see a broader value in certain of our memberships, for example sharing of industry best practices. We will continue to closely monitor these associations.

For those U.S. trade and industry associations in which Amgen is a member and conduct climate lobbying, no Amgen executive officer has a leadership role (such as serving on the board or a relevant committee of the board of such entities).

https://www.amgen.com/about/how-we-operate/policies-practices-and-disclosures/-/media/Themes/CorporateAffairs/amgen-com/amgen-com/downloads/about/environmental-political-engagement-report.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We have engaged consistently in broad, direct, governance-focused stockholder outreach since 2011. We consistently monitor and proactively solicit our investor's perspectives on Environment, Social, and Governance practices, including carbon neutrality, and share such perspectives with our Board. While we do not directly lobby for climate change, we believe we influence lawmakers and regulators by transparently setting, communicating, and delivering on ambitious environmental goals. We provide support to organizations whose activities may influence policy, law, or regulation that may impact the climate. Given the wide range of issues addressed by these organizations, our positions will not always align entirely with those of the trade or industry organizations to which we belong.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023