Target 1.a: Mobilize resources to end poverty
Ensure significant mobilization of resources from a variety of sources, including through enhanced development cooperation, in order to provide adequate and predictable means for developing countries, in particular least developed countries, to implement programmes and policies to end poverty in all its dimensions
Owners voting their values help. Others must carry most of it.
Why shareholder democracy is helpful
Resource mobilization is about aid budgets and domestic revenue, which are governmental. One documented corporate channel exists. Multinational tax practices affect the revenue developing countries can raise, and investors have used the proxy to press for transparency. A 2022 Amazon proposal called for public country-by-country tax reporting aligned to the GRI Tax standard. It won support from more than 21 percent of independent shareholders, including Norway's state pension fund, Legal and General Investment Management and the New York City Comptroller. That is a marginal lever on the tax base of developing countries rather than a path to the target itself. Owners help at the margin and governments must mobilize the resources.
How this was scoredHelpful
Helpful. Owners voting their values help. Others must carry most of it.
We have not yet written down the two answers behind this rating. Recording them on every item, so a reader can check the reasoning and not only the conclusion, is work in progress.
Every rating is the higher of two answers, one for what companies do and one for what they spend to stop the outcome, because the same vote reaches both. See the full method.
Sources
What civil society organizations are helping owners on this
Filed country-by-country tax transparency proposals at three large extractive companies in 2023, asking for disclosures that would show where profits are booked and taxes paid.
Shareholders up tax scrutiny at AGMs, Fair Tax Foundation, 2023
Tracks and supports the shareholder proposals asking multinationals to publish country-by-country tax reporting aligned with the GRI tax standard.
3 campaigns on record
Improve disclosure, including public country-by-country reporting of revenue, profit and tax, to prevent tax avoidance.
With Nordea Asset Management, KLP, Benedictine Sisters of Virginia
Result: 17 percent at ConocoPhillips, 15 percent at Chevron and 14 percent at ExxonMobil
Shareholders up tax scrutiny at AGMs, Fair Tax Foundation, 2023
Publish country-by-country tax reporting aligned with the GRI tax standard.
Result: 21.4 percent of independent shareholders
Have the board issue public country-by-country reporting aligned with the Global Reporting Initiative tax standard, covering revenue, profit, employees, cash taxes paid, taxes accrued and tangible assets in each country.
Result: 27 percent of shareholders, representing 38.3 billion dollars
How this rating was made
Every item on every one of our maps is read against one question: how far does this depend on the people who own companies voting their values? We answer it twice, once for what companies do and once for what they spend to stop the outcome, and take whichever answer is higher, since the same vote reaches both. The score carries its reasoning and its sources so that a reader can check it rather than take it.
- Pivotal. Owners voting their values can deliver most of the outcome.
- Necessary. Owners remove an obstacle nothing else removes, and others must also act.
- Helpful. Owners voting their values help, and others carry most of it.
- Independent. This moves without owners. Other levers carry it.
The advocacy record on this page holds only what a source we opened says happened. Where we searched and found nothing, the page says so rather than leaving a silence. Where a campaign names a filer the source does not name, it says that too. Ratings are ours; the list of subjects is UN Sustainable Development Goals's, and we link to their original.
How we score dependency, in full.