Union Pacific Corp

Union Pacific is a member of many national industry and business organizations, including the U.S. Chamber of Commerce, the National Association of Manufacturers, the Business Roundtable, and the GreenBiz Executive Network. We actively participate in the policy-making process with these organizations and advocate for rail- and climate friendly policies. For example, in 2021 we actively lobbied for the Infrastructure Investment and Jobs Act (IIJA), which included funding for electric-grid and renewable energy programs, locomotive overhauls and remanufacturing that results in emissions reductions, and the largest federal investment in public transit in history. [...] **Upcoming Political Action Report: In 2021, Union Pacific shareholders requested** we publish a report describing if, and how, our lobbying activities align with the Paris Agreement - limiting global warming to well below 2°C above pre-industrial levels and pursuing efforts to limit it to 1.5°C. In response to this request, we are conducting a deep dive analysis into our key trade association memberships. Through this analysis, we intend to identify which trade associations we align with, where misalignment exists, and what actions we may take so that our actions and associations are congruent with reasonable climate change policies, legislation and regulations. This report will be published in 2023. [...] **Intra-Industry Collaboration: We also collaborate within the rail industry to impact** climate change. Union Pacific participates in The Association of American Railroads (AAR) Decarbonization Working Group and Locomotive Committee to identify emerging technologies and advance policy to support the decarbonization of the rail industry. We are also exploring ways to partner with the other rail carriers and our equipment and energy suppliers to develop technology and fuel availability that can move the industry forward in this effort.

Union Pacific plays a leadership role in these organizations, where we use our influence to advocate for policy positions that align with Union Pacific's goals, values, and policy aims. We are also engaged in the appropriate committees and working groups of trade associations to best exercise leadership and influence relevant policy positions. Union Pacific reviews its participation in these organizations on an ongoing [basis, including in the Climate Lobbying Alignment Assessment.](https://www.up.com/investor/governance/political-contributions/climate-lobbying/index.htm)

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Union Pacific participates in a number of trade associations, industry groups and nonprofits across North America. There is a wide array of benefits to being involved with these organizations, including the development of policy recommendations and rail safety protocol, infrastructure investment, and shared knowledge and research. With such a diverse set of members within each organization, it is unlikely that Union Pacific will agree with the specifics of every policy position taken. However, we must evaluate the nature and extent of our disagreements and weigh that against the broader value of our continued participation in each organization. Union Pacific reviews its participation in these organizations periodically and as memberships come up for renewal. A more in-depth analysis of our alignment with certain groups and organizations is on the horizon.

In addition, Union Pacific staff plays a leadership role and actively participates in policy committees, working groups, and other policy-making at its national trade associations to advocate for Union Pacific's interests and seek policy alignment.

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