United Parcel Service, Inc.

Ticker: UPS
Meeting date: 05/05/2022
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1a Elect Director Carol B. Tome For For
1b Elect Director Rodney C. Adkins For For
1c Elect Director Eva C. Boratto For For
1d Elect Director Michael J. Burns For For
1e Elect Director Wayne M. Hewett For For
1f Elect Director Angela Hwang For For
1g Elect Director Kate E. Johnson For For
1h Elect Director William R. Johnson For For
1i Elect Director Ann M. Livermore For For
1j Elect Director Franck J. Moison For For
1k Elect Director Christiana Smith Shi For For
1l Elect Director Russell Stokes For For
1m Elect Director Kevin Warsh For For
2 Advisory Vote to Ratify Named Executive Officers' Compensation For For
3 Ratify Deloitte & Touche LLP as Auditors For For
Shareholder proposals
4 Report on Lobbying Payments and Policy Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
5 Report on Corporate Climate Lobbying Aligned with Paris Agreement Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
6 Approve Recapitalization Plan for all Stock to Have One-vote per Share Vote rationale: All shareholders should have the right to vote on fundamental corporate decisions, and voting rights should be proportionate to cash flow rights. Any unequal voting rights should be time-limited and aligned with cash flow rights over time. Global Voting Guidelines Multiple share classes Against For
7 Adopt Independently Verified Science-Based GHG Reduction Targets Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
8 Report on Balancing Climate Measures and Financial Returns Against Against
9 Report on Effectiveness of Diversity Equity and Inclusion Efforts and Metrics Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For

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