Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Costco's POLICY REGARDING SPENDING ON ELECTIONS AND POLICY ADVOCACY (available on our Investor Relations site here: https://investor.costco.com/static-files/d807deed-067f-462e-982a-41467fc4f7b3) expressly prohibits "making contributions to any political party or candidate, federal, state or local, in all countries in which we do business". Our policy also states that, whenever Costco participates in a trade or industry association, "[w]e require that these associations not use any portion of the dues paid by Costco Wholesale for political contributions or independent expenditures. This prohibition extends to: (i) influencing or attempting to influence the selection, nomination, election, or appointment of any individual to a public office; or (ii)
supporting a party, committee, association, fund, or other organization organized and operated primarily for the purpose of directly or indirectly accepting contributions or making expenditures to engage in the activities described in (i)."
Per the policy: "The Nominating and Governance Committee of the Board of Directors, which is comprised exclusively of independent directors, reviews the Company's spending on politics and advocacy and compliance with the policies described above.