Company Directory - Magna International Inc.
Company Details - Magna International Inc.
Magna International Inc.
WebsiteAurora, Canada
Magna is a global automotive supplier that partners with auto manufacturers to provide innovative solutions and products.
CCI Score
CCI Score: Magna International Inc.
-13.92
Latest Event
Magna International Lobbying Expenditure in 2023
Magna International spent $460,000 on lobbying in 2023, as reported by OpenSecrets, indicating significant corporate engagement in influencing U.S. policy on trade.
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ENABLER
Magna International Inc. is currently rated as an Enabler.
Latest Events
- DEC312023
Magna International spent $460,000 on lobbying in 2023, as reported by OpenSecrets, indicating significant corporate engagement in influencing U.S. policy on trade.
-70
Political Contributions and Lobbying Efforts
March 28
Magna International's spending of $460,000 on lobbying activities in 2023 suggests a strong focus on influencing policy for its corporate interests. From an anti-fascist perspective, such aggressive corporate lobbying is concerning because it may undermine democratic decision-making and prioritize profit over the public good.
- DEC312023
Magna International spent $460,000 on lobbying activities during 2023, as detailed on OpenSecrets, indicating active corporate political engagement.
-40
Political Contributions and Lobbying Efforts
March 28
The reported expenditure of $460,000 on lobbying in 2023 demonstrates significant corporate political influence. From an anti-fascist perspective, such activities can be seen as efforts to shape regulatory and legislative processes to favor corporate interests, potentially undermining democratic accountability and public welfare.
- NOV172023
Magna International terminated its contract with a temporary staffing agency after uncovering that the agency was supplying workers who had been exploited, highlighting issues of labor exploitation in parts of Ontario's industry.
+80
Labor Relations and Human Rights Practices
March 28
Magna International’s decision to end its relationship with a temp agency involved in exploitative labor practices demonstrates a commitment to protecting worker rights and opposing labor exploitation. This move aligns with anti-fascist values by actively addressing and rectifying unethical labor conditions.
- MAR282023
On March 28, 2023, Senator Ron Wyden sent a letter to Magna International Inc. requesting comprehensive details about its supply chain, particularly probing for any links to forced labor practices in Xinjiang, China. The inquiry focuses on the company’s efforts to map its supply chain and ensure that suppliers, including sub-suppliers, do not rely on forced labor, in light of U.S. laws such as the Uyghur Forced Labor Prevention Act.
-30
Labor Relations and Human Rights Practices
March 28
The Senate inquiry highlights potential shortcomings in Magna's efforts to ensure labor rights compliance along its extended supply chain. The request for detailed mapping and due diligence regarding suppliers—especially in regions associated with forced labor—raises concerns about the company's commitment to upholding labor and human rights standards.
PDF CEO Magna International Inc. 337 Magna Drive Aurora, Ontario L4G 7K1
-40
Supply Chain Ethics
March 28
The inquiry's demand for comprehensive supply chain mapping underscores serious concerns about Magna's sourcing practices. With forced labor allegations and links to Xinjiang raised in broader investigations, the company's lack of clear evidence to rule out forced labor in its supply chain is concerning from a human rights and ethical sourcing perspective.
PDF CEO Magna International Inc. 337 Magna Drive Aurora, Ontario L4G 7K1
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Industries
- 3363
- Motor Vehicle Parts Manufacturing
- 336120
- Heavy Duty Truck Manufacturing
- 541330
- Engineering Services
- 336111
- Automobile Manufacturing
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