[As outlined in ITW's Government Affairs Policy, ITW prohibits the use](https://investor.itw.com/governance/governance-documents/default.aspx) of company assets or funds for political purposes (i.e., contributions to 501(c)(4) organizations for political purposes) and does not have a political action committee. All lobbying costs, including federal, state and trade, are disclosed in our annual lobbying reports filed with the Clerk of the U.S. House of Representatives. In 2024, our total political lobbying spend was $245,516.
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https://www.itw.com/media/mqznkf1s/itw_sr_2024_final.pdf
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Political Activities [...] As outlined in ITW's Government Affairs Policy, ITW prohibits the use of company assets or funds for political purposes (i.e., contributions to 501(c)(4) organizations for political purposes) and does not have a political action committee. All lobbying costs, including federal, state and trade, are disclosed in our annual lobbying reports filed with the Clerk of the U.S. House of Representatives. In 2021, our total political lobbying spend was $280,000.
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https://www.itw.com/media/vxydp12l/itw_2021sustainabilityreport_final.pdf
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Board Oversight of Sustainability
The Board has direct oversight of the company's sustainability strategy. ITW's approach to sustainability is key to the company successfully executing our Enterprise Strategy and as such is viewed as a core responsibility of the entire Board. Additional responsibilities related to sustainability are carried out by Board committees, company leadership and subject matter experts throughout ITW. [...] Annually reviews and approves ITW's sustainability strategy [...] Receives periodic updates from management regarding sustainability initiatives and progress, which may include discussions relating to talent management, succession planning, diversity and inclusion (D&I), climate change and sustainability risks, other priorities and reporting.
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https://www.itw.com/media/wcsjxar5/itw-2023-sustainability-report.pdf
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Given the decentralized nature of ITW we rely on the individual businesses that engage with trade associations to ensure that the engagement activities are consistent with ITW's overall strategy.
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https://www.itw.com/media/aavl2ltc/itw-cdpclimatechange-response-2023.pdf
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ITW has a single point of contact in Washington D.C. that consults with our various businesses on relevant policy issues that may affect the environment and our businesses.
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https://www.itw.com/media/je1jgcn3/illinois_tool_works_inc_-_cdp_climate_change_questionnaire_2021-1.pdf
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Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Given the decentralized nature of ITW we rely on the individual businesses that engage with trade associations to ensure that the engagement activities are consistent with ITW's overall strategy.
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CDP Questionnaire Response 2022
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Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years
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CDP Questionnaire Response 2023
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