THEPURPOSEOF
ENGAGEMENT
We help our customers
build a better,more sustainable world.
2022 CATERPILLAR LOBBYING REPORTCat® R1700 XE battery electric, zero exhaust emissions underground mining Load Haul Dump (LHD) with onboard battery

Table of Contents
2 A Letter from Jim Umpleby
3 Advocacy: How and Why We Engage		
3 Caterpillar’s Priority Issues			
4 Our Relationships with U.S. Trade and Industry Associations		
5 Potential Misalignment with U.S. Trade and Industry Associations
		6 	
Spotlight on Select U.S. Trade and Industry Association Memberships
		8	
2022 U.S. Trade and Industry Association Memberships
		9	
Employee Engagement in Advocacy Initiatives
		9	
Our Political Action Committee
		9	
Utilizing Grassroots Campaigns
			
9 Get-Out-The-Vote Efforts

10 Climate Lobbying			
10 Infrastructure Investment and Jobs Act (IIJA)			11	
Creating Helpful Incentives to Produce Semiconductors and Science Act (CHIPS Act)			
11	
Water Resources Development Act (WRDA)
		12 Select Climate-Related Work by U.S. Trade and Industry Associations

13 Oversight and Governance			
13 Management Governance			
13 Board Oversight			13	
Approach to Misalignment			
14 CATPAC

15 Disclosures			
15 Where to Find Past Disclosures			
15	
U.S. Trade and Industry Association Memberships
			
16 Lobbying Disclosures			
16 Political Contributions

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TABLE OF CONTENTS

TI

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OPERATIONAL
EXCELLENCE

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EXPANDED
OFFERINGS

A Letter from Jim Umpleby

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“Caterpillar’s shareholders havedemonstrated interest in more transparency
and a better understanding of our politicalengagement strategy. We value their
input and diverse perspectives andare implementing a number of key changes
based on shareholder feedback.”& EXECUTPROFITABLEGROWTHSERVICESSUSTAINABILITY

As a responsible corporate citizen, Caterpillar
participates in the public policy process, advocating
for a broad range of issues that advance our strategy
and purpose while providing value to shareholders
and other stakeholders. Caterpillar’s shareholders
have demonstrated interest in more transparency
and a better understanding of our political engagement
strategy. We value their input and diverse perspectives
and are implementing a number of key changes
based on shareholder feedback.
This inaugural lobbying report, which we plan to issue
annually, is designed to provide greater transparency
and disclosure of our advocacy efforts and politicalengagements, including a description of the oversightand management of these activities. Our Valuesin Action, governing laws and strategy for profitable
growth guide how we act and manage, whom weengage with and our areas of focus as we fulfill
our purpose of helping our customers build a better,more sustainable world.
The report highlights how our memberships in U.S.
trade and industry associations complement
the achievement of our goals and priorities and explains
how we manage instances where Caterpillar’s priorities
may not be completely aligned with the associations‘.
A climate lobbying section is also included to address
our advocacy for policies that help us support
our customers during the energy transition.
In addition to providing easier access to informationin this report, we are changing the reporting thresholdfor U.S. trade and industry association contributions.
In previous years, Caterpillar reported membershipcontributions of $50,000 or more annually.

2022 CATERPILLAR LOBBYING REPORTFor this Lobbying Report, we haveCUSOTOMERS
UR
ON
lowered the 2022 reporting threshold
TI
VA
LUES IN AC
to $25,000. Beginning in the second
half of 2023 and moving forward, we will report
all U.S. trade and industry association memberships
regardless of the level of contribution. In addition,
we are now reporting the percentage of members’dues used for federal lobbying.
Our bipartisan advocacy is demonstrated throughour support of policies that are building our modern
world. We support the builders of the world’s
infrastructure and advocate for thoughtful policies that
contribute to a reduced-carbon future. Sustainability
is not only one of Our Values in Action; it is a key areaof focus of our enterprise strategy.
Our commitment to a reduced-carbon future includes
helping our customers achieve their climate-related
objectives. Our teams have already developed someof Caterpillar’s most fuel-efficient, lower carbon-emitting
products, including gas turbine and reciprocating
engine generator sets configured to operate on 100%hydrogen and a zero-emissions battery-powered
underground loader with a made-to-match charger.
Caterpillar’s future has never been brighter. Our ability
to continue to be successful and increase shareholder
value is dependent upon a favorable legislativeand policy environment. While our advocacy strategies
may differ depending on local requirements, we arealways guided by Our Values in Action, high ethicalstandards and our commitment to helping ourcustomers build a better, more sustainable world.

Jim Umpleby
Chairman & CEO

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Advocacy: How and Why We Engage
Caterpillar’s Priority Issues
From infrastructure investments to workforce development to sustainability and more, we focus
on policy areas that help our customers build a better, more sustainable world. The following priorities
are driven by our enterprise strategy for profitable growth and where we see positive value in our
engagement and the ability to make an impact.

Energy Transition
We’ve invested in improving machine efficiency, hydraulic hybrids, tethered electricand battery-powered machines. We’ve also made strategic acquisitions,
including CarbonPoint Solutions, that develops carbon-capture technology for ourcustomers. As a technology leader, we’ll invest at an even higher rate in autonomy,alternative fuels, connectivity, digital and electrification initiatives in the future.
You can learn more by reading our Sustainability Report.

Infrastructure Investments
A more modern and reliable infrastructure system will enable U.S. manufacturers
to better compete both domestically and globally. We support policies that provide funding
for building, repairing and upgrading America’s roads, bridges, rail, transit, port, waterway,
airports and broadband internet infrastructure. Caterpillar also supports initiatives
that focus on protecting and restoring the health of our natural infrastructure, like local
ecosystems and helping communities grow more resilient and sustainable.

Skilled Workforce
Identifying, attracting and maintaining a diverse workforce that is skilled for today
and the future is a top priority for our company. We support efforts and programs
highlighting the need for talent and training and demonstrate competitive pay
and rewarding career opportunities within the advanced manufacturing industry.

CompetitivenessOur company has long advocated for tax and trade policies that allow companies
to compete freely. We work with lawmakers and regulators to implement pro-growth
tax policies, ensuring our company remains competitive at home and abroad.
We have advocated consistently for trade policies that lower tariffs and expand access.
Our global customers use our equipment to build the infrastructure that supports
access to water, electricity, roads, bridges, hospitals and schools across the globe.

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TABLE OF CONTENTS“Engaging with trade associations such as the
National Association of Manufacturers (NAM),
which represents millions of jobs in the U.S.,
helps inspire the next generation of manufacturing
talent, promotes free enterprise competition globallyand advocates for solutions to help the industry
innovate for the future and a more sustainable world.”
Denise Johnson

Resource Industries Group President, Caterpillar Inc.
Member, National Association of Manufacturers Board of Directors
Caterpillar’s first battery electric 793 Large Mining Truck demonstrated at the company’s Tucson Proving Ground

Advocacy: How and Why We Engage
Our Relationships with U.S. Trade and Industry Associations
To best serve our many stakeholders, including customers and shareholders, we need a favorable public
policy and business environment. We maintain memberships with U.S. trade and industry associations
because their work helps create an environment where companies from all industries – not just
our own – can be successful. Our memberships in these organizations provide us with many benefits,
including access to customers and other key stakeholders, research and reports to provide important
information on policy positions to key stakeholders, education and awareness on business impact onregulation and legislative actions and communication outreach through media and other public affairs
events to help promote informed dialogue and sound public policy.
We have historically reported our contributions to U.S. trade and industry associations of $50,000
or more per year. For this Lobbying Report, we have lowered the 2022 reporting threshold to $25,000.
Beginning in the second half of 2023 and moving forward, we will report all U.S. trade and industry
association memberships regardless of the level of contribution. In addition, we are now reporting thepercentage of members’ dues used for federal lobbying. You can find these contributions in this reportand on our website.
As we consider joining an association, we determine if the organization aligns with Our Values in Action
and policy priorities.
How Caterpillar Evaluates U.S. Trade and Industry Association Memberships✔ Ensure alignment with Our Values in Action and priority issues✔ Confirm the organization is operationally sound with good governance procedures✔ Commit to ongoing vetting of the organization✔ Review membership annually
These processes are routinely reviewed to ensure the appropriateness of U.S. trade and industry
association memberships. Caterpillar management and the Sustainability and other Public
Policy Committee of the board of directors provides oversight of key U.S. trade and industry
association relationships.

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Solar Titan™ 250 Compressor Set

Advocacy: How and Why We Engage
Some examples of how U.S. trade and industry associations work to further our business,
industry and customers’ interests include:

Business

Industry

Customers

We are a longtime
member of the U.S. Chamberof Commerce because
it shapes and delivers policies
that benefit the broader
business environment.
We are also a member of theBusiness Roundtable (BRT),
an association of chief executive
officers of leading companies
that works to promotea thriving, competitive
U.S. economy and create more
opportunities for all Americans.

As a leading
manufacturing
company, we are membersof organizations that promote
our sector, including the
Association of Equipment
Manufacturers (AEM)
and the National Associationof Manufacturers (NAM).
Strengthening our nation’s
manufacturing sector is vitalto building infrastructure,promoting environmental
sustainability and advancing
a workforce for the future.

We maintainmemberships with organizations
that represent the interestsof our customers because
we believe when our customers
thrive, so does Caterpillar.
This includes the National
Mining Association (NMA) –the only national tradeand industry organization
for the U.S. mining industry
working to source materials
needed for a reduced-carbon
future – and the American
Road and Transportation
Builders Association (ARTBA),
which grows and securestransportation investment
to meet the country’s
infrastructure needs.

Potential Misalignment with U.S. Trade and Industry Associations
We choose to join U.S. trade and industry associations that work to create the conditions for Caterpillar
and other businesses to compete, succeed and grow. However, we may not always agree with eachorganization’s position on every issue. More information on our approach to misalignment can be foundin our Oversight and Governance section.

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Advocacy: How and Why We Engage
Spotlight on Select U.S. Trade and Industry Association Memberships

U.S. Chamber of Commerce (Chamber)
As the world’s largest business organization, the Chamber leads
numerous advocacy initiatives that foster a business climate
for Caterpillar to support our customers’ needs and growour business more effectively. For example, the Chamber
has organized efforts to support trade agreements allowing
for global competition. The Chamber also leads Hiring Our Heroes,
an initiative that helps those departing the military and military
spouses find their next career.

Business Roundtable (BRT)For fifty years, BRT has been at the forefront of advocacy efforts
for policies that improve U.S. competitiveness and business supply
chains. This includes support for legislation that provides incentives
for semiconductor chip manufacturing and research. This spurs
private investments into critical technologies that help Caterpillar
maintain our innovation leadership.

Association of Equipment Manufacturers (AEM)
AEM advocates for comprehensive national manufacturing strategies
that ensure the United States has the optimal conditions
for equipment manufacturers to succeed. AEM helped passlegislation that has made critical infrastructure investments
and advocated for pro-growth trade and tax policies that enable
Caterpillar to compete globally.

National Association of Manufacturers (NAM)
The NAM is a leading voice for manufacturers of all sizes
with operations in the United States. We have partneredwith the NAM through Creators Wanted and the Manufacturing
Institute to support policies and programming to attract and retaina skilled and diverse workforce.

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National Mining Association (NMA)
The NMA advocates on behalf of U.S.-based mining companies
and mining equipment manufacturers. As a leader in the energy
transition, NMA advocates for and explains how sustainable
mining produces vital resources for batteries, wiring and otherkey components needed for a reduced-carbon future.

American Road and Transportation Builders Association (ARTBA)
Policymakers in Washington and across the United States have reliedon ARTBA’s expertise on infrastructure policy for decades.
Many ARTBA members are Caterpillar customers who workin construction, earthmoving and paving. These customers build
the infrastructure the public and businesses need to travel safely
and move goods and services efficiently.

California Manufacturers & Technology Association (CMTA)
The CMTA works to improve the business climate for California’s
30,000 manufacturing, processing and technology-based companies.
It has worked with California government officials to develop
regulations and public policies that stimulate economic growthand create new jobs while safeguarding environmental resources.

Illinois Manufacturers Association (IMA)The IMA promotes policies and issues that foster a healthybusiness environment in Illinois. It is one of the state’s oldest
and most respected business associations, working side-by-side
with the manufacturing industry to address challenges
and shape the future.

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Advocacy: How and Why We Engage2022 U.S. Trade and Industry Association Memberships
In 2022, Caterpillar contributed $25,000 or more to the following U.S. trade and industry associations.
The percentage of 2022 membership dues used for federal lobbying as reported by each organizationis also included.

Annual Contribution of $25,000 or MoreFederal Organizations
Alliance for Competitive Taxation
American National Standards InstituteState & Local Organizations
100%

Business Council of Alabama

11%

0%

California Clean Gas Association

0%

100%

California Manufacturers& Technology Association0%

Association of Equipment
Management Professionals

0%Diesel Technology Forum

0%

Association of Equipment Manufacturers

40%

Economic Development Corporationof Decatur-Macon County Illinois

0%

Business Council for Sustainable Energy

20%

Illinois Chamber of Commerce0%

Business Roundtable

60%

Illinois Manufacturers’ Association0%

Coalition Against Bigger Trucks

3%

Nashville Area Chamber of Commerce0%

San Diego Regional Economic
Development Corporation0%

Sun Corridor Inc.

0%

American Road & Transportation
Builders Association

Coalition for 21st Century Patent Reform

100%

Consumer Energy Alliance

10%

Corporate Council on Africa

0%Energy Workforce & Technology Council0%

Equipment Leasing and Finance Association

23%

Gas Turbine Association

49.1%

GORAIL0%

HR Policy Association

60%

Intellectual Property Owners Association

5.4%

National Asphalt Paving Association

11%

National Association of Manufacturers

25%

National Foreign Trade Council

25%

National Mining Association

20%

National Minority Supplier
Development Council Inc.

0%

National Stone, Sand & Gravel Association

20%

Railway Supply Institute

6%

The ERISA Industry Committee

12%

Truck and Engine Manufacturers Association

3.9%

United States Council for International Business2%

U.S. Chamber of Commerce

20%

US-ASEAN Business Council

0%

US-China Business Council

0%US-India Strategic Partnership2%

US-Indonesia Society0%

US-Russia Business Council

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Advocacy: How and Why We Engage
Employee Engagement in Advocacy Initiatives
Caterpillar has a presence around the world to support our global customers, but there’s no country
where we employ more people than the United States. For an overview of Caterpillar’s presence
and engagement in each state, click here. The actions of government and elected officials
in these locations can significantly impact Caterpillar, our dealers, customers and employees.
Therefore, Caterpillar encourages employees to participate in the U.S. political process throughgrassroots campaigns, Get-Out-The-Vote (GOTV) efforts and an employee-funded political action
committee. This empowers our employees to engage in public policy at the federal and state levels.
Our Political Action Committee
Eligible employees and shareholders make voluntary contributions to Caterpillar Inc. Political Action
Committee (CATPAC). CATPAC is an important tool in our efforts on the public policy front by supporting
the election of lawmakers who promote and influence policies that allow Caterpillar to help
our customers build a better, more sustainable world. CATPAC only contributes to candidates
in federal and state elections, which are evaluated on a case-by-case basis, guided by Our Values in
Action and business priorities. We have established stringent criteria in this evaluation; more information
is provided in the Oversight and Governance section of this report. Like Caterpillar, CATPAC does notmake independent expenditures on behalf of or in opposition to federal, state or local candidates anddoes not contribute to presidential campaigns or Super PACs.
Utilizing Grassroots Campaigns
When appropriate, we encourage employees, as constituents, to contact their federal or state lawmakers
and share their views. These efforts* bring awareness to issues impacting Caterpillar and our industry
and ultimately help influence public policy. This employee outreach complements and magnifies
the efforts of our government affairs team and U.S. trade and industry associations as partof an integrated advocacy strategy.
Get-Out-The-Vote Efforts
For more than 70 years, Caterpillar has empowered employees to exercise
their right to vote and help elect future lawmakers. We believe the more
our employees engage with and participate in the democratic process,the better. We help facilitate this participation through GOTV initiatives.
We provide educational opportunities and resources and plan events to help
employees prepare for elections. We do not endorse specific candidates or parties.
*All grassroots engagements, including when employees are encouraged to contact their elected officials directly about important public policy issues must be approvedby the SVP of GGCA. Caterpillar ensures that all advocacy efforts are conducted per applicable law, policies and procedures, sound corporate practice, integrity and our highstandards of ethical conduct, which enable us to advance our priorities in a way that supports Caterpillar.

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9TABLE OF CONTENTS“The engagement of industry and tradeassociations such as ARTBA, AEM, BRT
and the Chamber was essential to the passageof the bipartisan Infrastructure Investment
and Jobs Act, which provides historic levelsof funding that include the development of new
low-carbon energy technologies and nature-based
infrastructure solutions.”
Tony Fassino

Construction Industries Group President, Caterpillar Inc.
Member, American Road & Transportation Builders Association Board of Directors
Cat® 262 D3 Skid Steer Loader

Climate Lobbying
Caterpillar’s global team advocates on appropriate issues in a manner consistent with Our Valuesin Action. As an area of focus in our enterprise strategy and one of Our Values in Action, sustainability
is integral to our business. Our long-standing commitment to sustainability includes contributing
to a reduced-carbon future by decreasing greenhouse gas emissions from our operations
while investing in new products, technologies and services to help our customers achieve
their climate-related objectives.
We support the goals of the Paris Agreement to limit global temperature rise and we are committed
to contributing to a reduced-carbon future. Our commitment to a reduced-carbon future extends
to our public policy efforts as we advocate for a thoughtful approach to identifying and advancing policies
that support our customers during the energy transition.
Infrastructure Investment and Jobs Act (IIJA)
Caterpillar successfully lobbied for two years to help pass the IIJA, as it aligns with many of oursustainability goals. One of the largest investments in clean energy infrastructure in American history,
the IIJA funds new low-carbon energy technologies that accelerate advancements in hydrogenand carbon capture. The IIJA will also fund and support the establishment of the first-ever national
network of electric vehicle (EV) charging stations across the country.
Our mining customers use Cat products to produce the minerals used in EVs, battery storage, windand solar power and grid modernization. Our gas turbines and reciprocating generator sets operate on awide variety of fuels, including hydrogen, and support grid modernization and stability as more renewableenergy sources are added to the grid. And our machines are helping build solar and wind farms,
charging stations, transmission lines and other future infrastructure.
Through U.S. trade and industry association engagement with the American Road and Transportation
Builders Association (ARTBA) and the Association of Equipment Manufacturers (AEM), among others,
executive leadership and a robust employee grassroots advocacy campaign, Caterpillar was at theforefront to help advance and pass this law that benefits our company, customers, industries and planet.

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Cat® 950 GC Medium Wheel Loader battery electric machine prototype

Climate Lobbying
Creating Helpful Incentives to Produce Semiconductors and Science Act (CHIPS Act)We engaged with Congress and leveraged our memberships in the Business Roundtable (BRT),
the National Association of Manufacturers (NAM) and others, to successfully advocate for the bipartisan
CHIPS Act in 2022. The new law is designed to bolster U.S. competitiveness with investments insemiconductor research, development and manufacturing capacity. The law also provides authorization for
scientific research important to address climate change, including nanotechnology, clean energy, quantum
computing and artificial intelligence, as well as disaster-resilience research. Approximately $67 billion will
be used to accelerate the growth of clean energy and zero-carbon technologies in the United States.
The manufacturing industry and Caterpillar customers will benefit from the CHIPS Act with the additionof thousands of construction jobs and high-skilled manufacturing jobs, funding and education initiatives
for a stronger STEM workforce, advanced technology development and excavation of critical minerals.
Water Resources Development Act (WRDA)
Working closely with associations like the NAM and the U.S. Chamber of Commerce (Chamber),
Caterpillar has long advocated for the passage of a WRDA reauthorization, which ensures there
are natural infrastructure solutions to provide for climate resiliency. WRDA secures the viabilityof the U.S. Army Corps of Engineers’ Civil Works programs, including navigation, flood risk management,
recreation and other environmental infrastructure. Reauthorization of WRDA provides critical economicand environmental benefits to the United States and provides the certainty of federal commitment
needed to address vital water projects. It also allows state, local and private partners to move forwardwith needed planning and construction of modern, resilient infrastructure to benefit both rural and urban
areas economically. Reauthorization of these programs is critical to economic growth and meeting
ambitious climate and infrastructure goals that align with Caterpillar’s commitment to contributeto a reduced-carbon future.
Other climate-related advocacy efforts include working with the Executive Branch, Congress and statelawmakers on issues related to the energy transition. For example, Caterpillar collaborated with original
equipment manufacturers and U.S. trade and industry associations to identify issues that will needclarification pending implementation of regulations for EV tax credits, including those for commercial
machinery, as provided through the Inflation Reduction Act. We also advocate for the inclusionof our remanufactured products in trade agreements as the remanufacturing process reduces waste,
lowers greenhouse gas production and minimizes the need for raw materials.

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Climate Lobbying
Select Climate-Related Work by U.S. Trade and Industry Associations

National Associationof Manufacturers (NAM)
Represents 14,000 member companies
in every industrial sector

Business Roundtable (BRT)
Comprised of chief executives
from leading American companies
that represent every sectorof the economy and support
more than 37 million American jobs

U.S. Chamber of Commerce(Chamber)
The world’s largest businessorganization, ranging from small
businesses and local chambers ofcommerce to global corporations andleading industry organizations

California Clean Gas
Association (CCGA)
Represents a diverse membershipengaged in the renewable natural gas,hydrogen, and natural gas industry

Consumer Energy Alliance (CEA)
Leading advocacy group for families,
farmers, small businesses andmanufacturers who use energy

National Asphalt Pavement
Association (NAPA)
More than 1,100 member companies,
representing asphalt contractors
with the federal government andthe broader business community

The NAM supports the objectives of the Paris Agreement and believes climate change is a global
issue that requires a global approach and calls on the United States to collaborate with other nations
to address the issue. The NAM advocates for policies that incentivize investment in energy efficiency,climate and clean energy research programs and commercializing carbon capture, utilization and storage
technology. They have also called for the ratification of the Kigali Amendment to phase down the useof hydrofluorocarbons. In 2021, the NAM cited that American manufacturers had reduced the carbon
footprint of their products by 21% over the previous decade.

BRT supports global efforts to address climate change, consistent with the Paris Agreement,
and for the United States to reduce net GHG emissions by at least 80 percent from 2005 levels by 2050.
The organization advocates for policies that leverage market-based solutions, provide regulatory
certainty and support public and private investments in low-carbon and GHG reduction technologies.
BRT members believe corporations should continue to help lead the way to drive efficiency, advancea host of emissions reduction technologies and reduce GHG emissions.

The Chamber has called for the United States to take a leading role in Paris Agreement talks.
The Chamber advocates for market-based solutions to reduce emissions while protecting U.S.
competitiveness. The Chamber led efforts to support passage of legislation to phase down the useof hydrofluorocarbons and sustainable infrastructure legislation that advances decarbonization efforts.
The Chamber engages internationally, including sending a delegation to represent the private sector
at COP27.

CCGA promotes technologies, like carbon capture, usage, and storage, to make effective useof high concentrations of carbon emissions and play a key role to address the challenges of climatechange through decarbonization. CCGA focuses on educating policymakers in order to shape public
policy to promote and advance renewable natural gas, hydrogen, natural gas and decarbonization
technology issues in California.

CEA advocates for access to reliable, affordable and environmentally sound energy by promoting
a mix of traditional and renewable resources. CEA has promoted campaigns in support of wind,solar and hydro renewable energy as well as low-carbon development of traditional energy
in the United States to meet climate expectations, achieve net-zero emissions and maintain
U.S. energy independence. CEA promotes policies that incentivize carbon capture, utilization,and storage to achieve its goals of attaining climate-neutral by 2050.

NAPA promotes an industry vision that aligns with the Paris Agreement to achieve net-zero carbon
emissions during asphalt production and construction by 2050. NAPA is advocating for policies,
processes and standards to achieve net-zero carbon emissions through more sustainable pavement,a net-zero materials supply chain and a transition to electricity from net-zero energy suppliers.

Above information sourced from industries and associations, linked at left.

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TABLE OF CONTENTS“The principles outlined in Our Values in Action
guide all of our decisions when it comes to engaging
in advocacy efforts and political contributions.
Our robust governance processes hold us
accountable and ensure we maintain trustwith our employees, customers, shareholders
and other stakeholders.”
Kathryn D. KarolGlobal Government & Corporate Affairs Senior Vice President
Caterpillar Inc.

Oversight and Governance
A robust and rigorous governance framework creates long-term value for our shareholders,strengthens board and management accountability and builds trust in the company and our brand.
Management GovernanceFollowing a review with members of Caterpillar’s
Executive Office and relevant business leaders,the Senior Vice President (SVP) of Global
Government and Corporate Affairs (GGCA)
manages Caterpillar’s state, federal
and international activities on legislative andregulatory priorities significant to the company’sbusiness. She also reviews related advocacy
activities including memberships with U.S. tradeand industry associations. When a Caterpillar
employee is considered for a leadershiprole in an association, the individual mustcomplete additional executive review and training.
To ensure alignment with our policy positions
and priorities, enterprise procedures require
Caterpillar business and government affairs
leaders to review communications withgovernment officials including governmentsponsored surveys, visits to Cat facilities, lettersof advocacy or support and policy position sign-on
letters with industry associations. Our government
affairs teams also receive regular training
focused on compliance with applicable laws,
regulations and policies related to interactions
with United States and foreign government
officials. Our SVP of GGCA also approves
any political contributions made by Caterpillar.
These contributions are intended to promote
Caterpillar’s business interests and are madewithout regard for the private politicalpreferences of any company personnel.

2022 CATERPILLAR LOBBYING REPORTBoard Oversight
Our board of directors has direct oversightof political contributions and lobbying activities.
To ensure appropriate oversight of politicalengagement activities, including lobbying,
the Sustainability and other Public Policy
Committee (SPPC) reviews the company’s
political spending policy and its political activities
at least annually, including:• Corporate political contributions• CATPAC’s political contribution activities• U.S. trade and industry association
participation and alignment with Caterpillar’s
Values and policy objectives• Caterpillar’s significant lobbying priorities
Approach to Misalignment
A U.S. trade and industry association’s goals
or positions may conflict with Caterpillar’spriorities or strategy. When misalignments occur,
we evaluate if continued membership in theorganization is warranted based on the overallvalue the membership provides to Caterpillar.
In addition, the SPPC and management review
any misalignment and the company’s plansto address it. We typically address misalignment
on specific topics through engagementwith the associations, including trying to movethe association’s position toward ours.
In these instances, we may focus on supporting
elements of the policy or position that are criticalto our core beliefs and fundamental to moving
our industry forward.

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Oversight and Governance
CATPACCATPAC is funded through voluntary contributions made by eligible individuals. A steering committee
comprised of Caterpillar non-officer employees oversees all contributions made by CATPAC to ensure
they promote the company’s business interests. The committee is comprised of seven to 12 U.S.-based
employees who represent a diverse mix of U.S. locations and business units. The SVP of GGCA
appoints committee officers and oversees setting CATPAC strategy and goals.
The steering committee regularly meets to discuss Caterpillar’s legislative strategy and priorities.
In addition, committee members receive legal training related to campaign finance laws and review
a proposed disbursement budget from the state and federal government affairs teams. The steeringcommittee also regularly meets during the election cycle to review the approved budget and offer
updates. These meetings include an evaluation of all candidates on a case-by-case basis guided
by Our Values in Action, candidate criteria and business priorities. CATPAC also considers third-party
research and key insight analysis when selecting candidates.
CATPAC Candidate Criteria
Candidates in leadership positions or on key committeesof importance to Caterpillar, our dealers and customers

Candidates who support our industry’s legislativeand regulatory agenda

Candidates who have demonstrated significant leadershipon issues and initiatives important to Caterpillar

Candidates representing a Caterpillar facility
or significant number of Caterpillar employees

The SVP of GGCA presents a report to the SPPC at the end of the U.S. federal election cycle,
including our operational policies and a list of all candidates we support. Audits, which rotate
between internal audit teams and an outside law firm with an independent political accounting
and compliance auditor, are also conducted at the end of the federal election cycle.
CATPAC members are kept informed through monthly newsletters, quarterly webinars and a thoroughreport issued after each federal election cycle that details financials, statistics on bipartisanship,gender and race, governance and all PAC activities.
The most recent list of CATPAC contributions, updated on a biannual basis, can be found here.
CATPAC disclosures can be found on page 16.

2022 CATERPILLAR LOBBYING REPORT

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TABLE OF CONTENTS

Disclosures
Our commitment to transparency and disclosure in our advocacy activities has long been recognized.
In its 2022 CPA-Zicklin Index of Corporate Political Disclosure and Accountability, the independentand nonpartisan Center for Political Accountability again ranked Caterpillar within its First Tier of S&P 500
and Russell 1000 companies, alongside or above many industry peers.
Caterpillar may make corporate political contributions in the United States when permitted by law.
We may support political committees, political parties and measures that align with Caterpillar’s businessinterests. Caterpillar does not make independent expenditures on behalf of or in opposition to federal,state or local candidates and does not contribute to presidential campaigns or Super PACs.
Our ability to help our customers build a better, more sustainable world depends on working
with organizations and elected officials on both sides of the aisle. Our political giving reflects
a bipartisan approach to policy and political engagement.
Where to Find Past Disclosures
When Caterpillar engages with, lobbies or contributes to an entity or individual, it is done sowith Our Values in Action in mind.
As part of Caterpillar’s commitment to transparency, our corporate website includes numerous
voluntary disclosures and links to publicly available filings related to our political engagements.
The website currently houses disclosures dating back to 2016.
U.S. Trade and Industry Association Memberships
In previous years, Caterpillar reported U.S. trade and industry associations when we contributed $50,000
or more in the preceding year. This year, we are reporting 2022 contributions that are $25,000
or more. Later in 2023, we will report all U.S. trade and industry association memberships biannually.
These reports can be found at the links below:

2022

2021

2020

2019

2018

Trade
and Industry
Association
Memberships

Trade
and Industry
Association
Memberships

Trade
and Industry
Association
Memberships

Trade
and Industry
Association
Memberships

Trade
and Industry
Association
Memberships

2022 CATERPILLAR LOBBYING REPORT

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TABLE OF CONTENTS

Disclosures
Lobbying Disclosures
Each quarter, Caterpillar reports the policy issues and expenses associated with lobbying the federal
government. Copies of the reports are available on the U.S. Senate Office of Public Records website
or the U.S. House of Representatives Office of the Clerk website. Beginning with our 2023 quarterly(LD2) reports, we will provide a direct link to each report on Caterpillar.com.
On a biannual basis, Caterpillar reports federal campaign contributions. Copies of the reports are available
on U.S. Senate Office of Public Records website or the U.S. House of Representatives Officeof the Clerk website. Beginning with our 2023 biannual (LD203) reports, we will provide a direct link
to view each report on Caterpillar.com.

Political Contributions
Corporate Contributions
Our corporate political contributions are posted biannually on our corporate website.

2022

2021

2020

2019

2018

Jan.-June
Caterpillar
Corporate
Political
Contributions

Jan.-June
Caterpillar
Corporate
Political
Contributions

Jan.-June
Caterpillar
Corporate
Political
Contributions

Jan.-June
Caterpillar
Corporate
Political
Contributions

Jan.-June
Caterpillar
Corporate
Political
Contributions

July-Dec.
Caterpillar
Corporate
Political
Contributions

July-Dec.
Caterpillar
Corporate
Political
Contributions

July-Dec.
Caterpillar
Corporate
Political
Contributions

July-Dec.
Caterpillar
Corporate
Political
Contributions

July-Dec.
Caterpillar
Corporate
Political
Contributions

CATPAC Contributions
In addition to regular CATPAC disclosures to the Federal Election Commission and appropriate stateelection authorities, CATPAC also voluntarily discloses our employee PAC contributions biannually
on Caterpillar’s corporate website.

2022

2021

2020

2019

2018

Jan.-June
CATPAC
Contributions

Jan.-June
CATPAC
Contributions

Jan.-June
CATPAC
Contributions

Jan.-June
CATPAC
Contributions

Jan.-June
CATPAC
Contributions

July-Dec.
CATPAC
Contributions

July-Dec.
CATPAC
Contributions

July-Dec.
CATPAC
Contributions

July-Dec.
CATPAC
Contributions

July-Dec.
CATPAC
Contributions

2022 CATERPILLAR LOBBYING REPORT

16