Eaton Corp PLC

Oversight of political influence and lobbying activities The Governance Committee of Eaton's Board of Directors meets annually with the vice president of Public Affairs to review our policy on political spending to ensure compliance with our policies. We commit to disclose political donations and/or lobbying expenditures. Eaton political activity and advocacy is guided by our Code of Ethics which specifically states: "We do not make contributions on behalf of Eaton to political candidates or parties, even where lawful." We operate a federal political action committee and use our employee contributions to support candidates we feel can help advance a business community agenda. Eaton does not, however, make contributions to "527 groups" or make independent expenditures directly related to candidates or campaigns. From time to time, Eaton will support issue campaigns that have an impact on the communities in which we live and work. No such contributions are made without the approval of the vice president of Public Affairs and chief human resources officer. These contributions are never based on the political preferences of our executives. Eaton does support lobbying initiatives in alignment with issues of importance to the company through personal contact by employees, contact by lobbyists under contract to Eaton, and by trade associations of which Eaton is a member. The Governance Committee of Eaton's Board of Directors meets annually with the vice president of Public Affairs to review our policy on political spending to ensure compliance with our policies. We commit to disclose political donations and/or lobbying expenditures.

POLITICAL ADVOCACY AND ACTIVITY

Management and board oversight
The Governance Committee of Eaton's Board of Directors meets annually with the vice president of Public Affairs to review our policy on political spending to ensure compliance with our policies. We commit to disclose political donations and/or lobbying expenditures.

Strategic approach and management of risks and opportunities
Eaton political activity and advocacy is guided by our Code of Ethics which specifically states: "We do not make contributions on behalf of Eaton to political candidates or parties, even where lawful." We operate a federal political action committee, and use our employee contributions to support candidates we feel can help advance a business community agenda. Eaton does not, however, make contributions to "527 groups" or make independent expenditures directly related to candidates or campaigns.

From time to time, Eaton will support issue campaigns that have an impact on the communities in which we live and work. No such contributions are made without the approval of the vice president of Public Affairs and chief human resources officer. These contributions are never based on political preferences of our executives. Eaton does support lobbying initiatives in alignment with issues of importance to the company through personal contact by employees, contact by lobbyists under contract to Eaton, and by trade associations of which Eaton is a member.

The Governance Committee of Eaton's Board of Directors meets annually with the vice president of Public Affairs to review our policy on political spending to ensure compliance with our policies. We commit to disclose political donations and/or lobbying expenditures.

Our Board has ultimate oversight of our risk management and Eaton's strategic direction, both of which drive our efforts related to environmental, social and governance (ESG) matters. The Board's oversight of ESG includes review of environmental and climate matters. Our Board regularly considers ESG issues at full Board and committee meetings. In addition, at Eaton's annual strategy sessions, our Board regularly conducts a detailed review of Eaton's sustainability strategy with management. [...] The Board has the following committees which meet regularly throughout the year: Audit; Compensation and Organization; Finance; Governance; and Innovation and Technology. As part of the Board's ultimate oversight of Eaton's ESG strategy, the Board, through its committees, considers specific risks and opportunities, including climate-related risks and opportunities, that fall within certain of the committees' areas of responsibility. At each Board meeting, the committee chairs provide updates to our full Board on the activities of their respective committees."
"Oversight of political influence and lobbying activities The Governance Committee of Eaton's Board of Directors meets annually with the vice president of Public Affairs to review our policy on political spending to ensure compliance with our policies. We commit to disclose political donations and/or lobbying expenditures. Eaton political activity and advocacy is guided by our Code of Ethics which specifically states: "We do not make contributions on behalf of Eaton to political candidates or parties, even where lawful." We operate a federal political action committee and use our employee contributions to support candidates we feel can help advance a business community agenda. Eaton does not, however, make contributions to "527 groups" or make independent expenditures directly related to candidates or campaigns. From time to time, Eaton will support issue campaigns that have an impact on the communities in which we live and work. No such contributions are made without the approval of the vice president of Public Affairs and chief human resources officer. These contributions are never based on the political preferences of our executives. Eaton does support lobbying initiatives in alignment with issues of importance to the company through personal contact by employees, contact by lobbyists under contract to Eaton, and by trade associations of which Eaton is a member. The Governance Committee of Eaton's Board of Directors meets annually with the vice president of Public Affairs to review our policy on political spending to ensure compliance with our policies. We commit to disclose political donations and/or lobbying expenditures.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Our Code of Ethics specifically states: "We do not make contributions on behalf of Eaton to political candidates or parties, even where lawful.† We operate a federal political action committee, and use our employee contributions to support candidates we feel can help advance a business community agenda. Eaton does not, however, make contributions to "527 groups† or make independent expenditures directly related to candidates or campaigns. From time to time, Eaton will support issue campaigns that have an impact on the communities in which we live and work. No such contributions are made without the approval of the Senior Vice President of Public and Community Affairs and Corporate Communications, and are never based on political preferences of our executives.

Eaton does support lobbying initiatives in alignment with issues of importance to the company through personal contact by employees, contact by lobbyists under contract to Eaton, and by trade associations of which Eaton is a member. The Governance Committee of Eaton's Board of Directors meets annually with the Senior Vice President of Public and Community Affairs and Corporate Communications to review our policy on political spending to ensure compliance with our policies.

We commit to disclose political donations and/or lobbying expenditures. Our total U.S. political spending in 2021 was $1,075,000. The trade association component was $407,000; outside lobbyists expenditure was $458,000.

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