Political Activity Disclosure
Conagra Brands believes political participation at all levels of government is important to our business and our country and as such encourages voluntary participation by its employees in public policy debates impacting the food manufacturing sector. Conagra Brands' government affairs initiatives are focused on educating governmental officials and the public on a range of public policy issues that are important to Conagra Brands' businesses. In 2023, our engagement has centered in four areas:
- Product Safety
- International Trade/Tariff Barriers
- Sustainability and Packaging
- Nutrition and Labeling
This engagement is not based on personal agendas of individual directors, officers, or employees, but rather to advance matters that we believe will create or preserve shareholder value. These educational efforts are supplemented by voluntary giving by individual employees to the Conagra Brands Good Government Fund (the "Conagra Brands Employee PAC"), by membership in trade associations, and by encouraging grassroots support by employees and others for issues that affect Conagra Brands' business objectives. Apart from membership in trade associations (see below for those that engage in political activity), individual business units and functions are not authorized to make political donations. Political spending must be coordinated with the Government Affairs team and approved, in advance, by the Vice President, Chief Counsel – Marketing & Government Affairs.
All financial contributions adhere to federal, state and local laws regarding contribution limits on amount and source, criteria, and reporting requirements. Contributions may not be made in anticipation of, in recognition of, or in return for an official act by the recipient of the contribution.
Company Political Activities
U.S. Federal Contributions: Per federal law, Conagra Brands does not contribute corporate funds to federal candidates or federal political committees. Since U.S. government lawmakers and state lawmakers routinely make decisions that affect Conagra Brands, the company has established the Conagra Brands Employee PAC to support candidates for public office who understand Conagra Brands' business objectives.
Conagra Brands Good Government Association (the Conagra Brands Employee PAC): Conagra Brands supports candidates (primarily U.S. House and Senate candidates) for office via the Conagra Brands Employee PAC. The Conagra Brands Employee PAC offers eligible employees, regardless of their political affiliations, a legal and ethical way to speak with a unified voice on issues important to our company. Participation by employees is entirely a matter of personal choice. The Conagra Brands Employee PAC typically raises and distributes less than $35,000 per two-year election cycle.
The Conagra Brands Employee PAC is non-partisan. It contributes to candidates, regardless of political party, who are supportive of Conagra Brands' corporate business interests and public policy goals. The bylaws of the Conagra Brands Employee PAC provide basic organizational material and incorporate FEC regulations. In addition to its bylaws, the Conagra Brands Employee PAC adheres to the following principles:
- Participation or non-participation by eligible employees is always voluntary;
- The Conagra Brands Employee PAC does not seek, request, or expect any specific benefit for its contributions to candidates or for any official act;
- The Conagra Brands Employee PAC reports its contributions to elected officials and candidates as required by law, and to the Conagra Brands Employee PAC contributors periodically; and
- Conagra Brands Employee PAC contributions are intended primarily for individuals seeking federal elective office.
In making contribution decisions, the Conagra Brands Employee PAC considers:
- The candidate's views and record on issues that are critical to Conagra Brands' success, which includes the company’s ability to achieve its mission and vision in a manner consistent with its corporate values;
- The presence of Conagra Brands' facilities in the candidate's district;
- The committees on which the legislator serves (in the case of incumbents);
- The strength of the candidate and the impact a contribution might have on the race;
- The candidate’s compliance with election and campaign laws; and
- The candidate’s ethical conduct and support for the civilized, constructive and stable functioning of our government.
Conagra Brands fully discloses Conagra Brands Employee PAC activity through reports filed with the FEC. These reports are publicly available on the FEC: CONAGRA BRANDS, INC. GOOD GOVERNMENT ASSOCIATION - committee overview | FEC
Conagra Brands does not contribute corporate funds to external political action committees.
Independent Expenditures: The U.S. Supreme Court determined in 2010 that corporations may make unlimited expenditures for independent communications to the general public that expressly advocate the election or defeat of a clearly identified federal candidate. Even though permitted by law, Conagra Brands has chosen not to engage in such activity. Further, as a matter of policy, Conagra’s Government Affairs function does not contribute to 501(c)(4)s for political or election-related spending purposes.
State and Local Contributions: In rare cases, and where permitted by law, Conagra Brands may contribute directly to state and local candidates, state party committees and other political entities. Any corporate contribution in this regard must be approved in writing by the Vice President, Chief Counsel – Marketing & Government Affairs. No state or local contributions have been made in 2023 as of 8/15/23.
Senior Leadership and Board Oversight: To ensure compliance with our corporate policies, our government affairs activity is routinely reviewed by our Executive Vice President & General Counsel, who is responsible for our work. In addition, Conagra Brands provides the Nominating and Corporate Governance Committee of our Board of Directors an update on our political spending and policy activity on an annual basis. The Nominating and Corporate Governance Committee also periodically reviews the Company’s policy on political contributions, as detailed in our Political Spending Policy.
Lobbying Disclosure: Conagra Brands interfaces with federal politicians and their staffs, federal agencies, and state politicians as needed on matters of importance to Conagra Brands. Conagra Brands is required to submit lobbying reports with the Secretary of the U.S. Senate and the Clerk of the U.S. House of Representatives detailing our U.S. federal lobbying activities and expenditures. These reports are available at: http://www.senate.gov/legislative/Public_Disclosure/LDA_reports.htm
Section 527 Activity: Conagra Brands does not make corporate contributions to groups organized under Section 527 of the Internal Revenue Code, except in rare instances to the organizational committees of the Democratic and Republican national party conventions and the annual Democratic and Republican Governor's conferences. These limited corporate political contributions are pre-approved by the Vice President, Chief Counsel – Marketing & Government Affairs. No such expenditures have been incurred by Conagra Brands in 2023.
Trade Associations: Conagra Brands is a member of a number of trade associations to keep abreast of business and technical issues within our industry and to be part of advancing important public policy efforts regarding issues of concern to our industry. Our participation in trade associations is subject to management oversight and membership requires management approval. Since the beginning of 2021, none of our trade associations used our member dues to fund ballot measures, election campaigns or 3rd party entities (such as 501(c)(4)s or 527s) for political purposes. Some of our trade associations utilize a portion of our dues to engage in their own lobbying activities.
The following is a list of those trades and the amount of our dues allocated to lobbying for 2022 (this list is updated at the end of each calendar year):
- American Frozen Foods Institute (AFFI) – $11,450
- AMERIPEN – $3,750
- Association of Plastic Recyclers (APR) – $750
- California League of Food Producers (CLFP) – $8,042
- Consumer Brands Association (CBA) – $ 64,000
- Council on State Taxation (COST) – $3,000
- Food Marketing Institute (FMI) – $3,720
- HR Policy Association (HRPA) – $2,775
- Midwest Food Products Association, Inc. (MWFPA) – $882
- National Association of Convenience Stores – $20,460
- National Association of Manufacturers (NAM) – $10,000
- National Automatic Merchandising Association (NAMA) – $460
- SNAC International – $ 12,750