Company Directory - Capital Group Companies
Company Details - Capital Group Companies
Capital Group Companies
WebsiteLos Angeles, United States
Capital Group Companies is one of the world’s oldest and largest independent investment management organizations. The firm focuses on long-term equity investment strategies and manages mutual funds, retirement accounts, and other investment products for both individual and institutional investors.
CCI Score
CCI Score: Capital Group Companies
9.55
-0.01%
Latest Event
Capital Group Companies' Political Spending and Revolving Door Dynamics
The OpenSecrets profile reveals that Capital Group Companies contributed over $5.6 million in the 2024 cycle and spent $1.64 million on lobbying. The profile also notes that 11 out of 12 lobbyists in both 2023 and 2024 have previous government experience, highlighting a strong revolving door dynamic that raises concerns about undue corporate influence and regulatory capture.
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OBJECTOR
Capital Group Companies is currently rated as an Objector.
Latest Events
- JAN012024
The OpenSecrets profile reveals that Capital Group Companies contributed over $5.6 million in the 2024 cycle and spent $1.64 million on lobbying. The profile also notes that 11 out of 12 lobbyists in both 2023 and 2024 have previous government experience, highlighting a strong revolving door dynamic that raises concerns about undue corporate influence and regulatory capture.
-50
Political Contributions and Lobbying Efforts
March 28
Capital Group Companies' significant political contributions and lobbying expenditures, totaling over $5.6 million and $1.64 million respectively in the 2024 cycle, combined with a high prevalence of lobbyists with previous government roles, suggest a strategy that may unduly influence political processes. This revolving door phenomenon can undermine democratic accountability and facilitate regulatory outcomes that favor corporate interests.
-30
Regulatory Capture
March 28
The revolving door dynamic is further underscored by the fact that 11 out of 12 lobbyists in 2023 and 2024 have prior government experience. This pattern raises the specter of regulatory capture, where former public officials may leverage their insider knowledge and connections to advance corporate interests at the expense of democratic processes.
- DEC312023
Capital Group Companies spent $370,000 on lobbying in 2023, as detailed by OpenSecrets. The expenditure indicates the firm’s active role in attempting to shape U.S. policy, raising concerns over the influence of corporate interests on democratic processes.
-40
Political Contributions and Lobbying Efforts
March 28
The $370,000 lobbying expenditure reflects an active effort by Capital Group Companies to influence policy outcomes. From an anti-fascist perspective, such political spending can be seen as prioritizing corporate interests and potentially undermining democratic accountability, thereby contributing to an authoritarian-friendly environment.
- NOV012023
OpenSecrets data reveals that during the 2023-2024 election cycle, the Capital Group Companies PAC received 567 large contributions from individual donors. The information is presented as part of transparency efforts in tracking political contributions.
+0
Political Contributions and Lobbying Efforts
March 28
The event documents political contributions to Capital Group Companies' PAC, which is a legitimate channel for political engagement. There is no evidence in the article that indicates these contributions were used to support far‐right or authoritarian policies. As such, from an anti‐fascist perspective this political spending is rated neutrally.
- OCT112023
Capital Group has outlined its global citizenship strategy on its website. The initiative details a code of conduct for its suppliers that emphasizes fair labor practices and human rights, alongside a Social Impact program aimed at improving access to financial resources and financial education for economically disadvantaged communities.
+50
Labor Relations and Human Rights Practices
March 28
The company’s public declaration of a supplier code of conduct along with a Social Impact program focused on financial inclusion demonstrates a commitment to upholding labor rights and human rights. This approach helps reduce barriers for marginalized groups and aligns with progressive, anti-authoritarian values.
- JUL252023
Capital Group published a comprehensive Supplier Code of Conduct outlining expectations for suppliers on human rights, diversity, equity, inclusion, environmental stewardship, and ethical business practices. The document emphasizes adherence to international human rights standards, fair labor practices, and ethical sourcing, aiming to ensure suppliers are not complicit in human rights abuses.
+80
Labor Relations and Human Rights Practices
March 28
The Supplier Code of Conduct explicitly focuses on labor relations and human rights by requiring suppliers to respect international human rights standards and ensure fair treatment of employees. This commitment supports worker rights and protects marginalized groups, driving a positive anti-authoritarian action.
+80
Supply Chain Ethics
March 28
The document underscores ethical supply chain practices by requiring suppliers to engage in sustainable sourcing, promote supplier diversity, and adhere to environmental and anti-corruption standards. This proactive approach in supply chain ethics reinforces Capital Group's stance against unethical and authoritarian business practices.
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Industries
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- Miscellaneous Intermediation
- 525990
- Other Financial Vehicles
- 523930
- Investment Advice
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- Portfolio Management