Company Directory - Porsche Automobil Holding SE
Company Details - Porsche Automobil Holding SE
Porsche Automobil Holding SE
WebsiteStuttgart, Germany
ISIN: DE000PAH0038
Porsche Automobil Holding SE is a German holding company and major investment firm, best known as the majority owner of the Volkswagen Group. The company focuses on long‐term investments primarily in the automotive and industrial sectors, influencing the strategic direction of one of the world’s largest automotive groups.
CCI Score
CCI Score: Porsche Automobil Holding SE
25.37
-0.02%
Latest Event
Porsche SE 2024 Political Contributions, Lobbying, and Revolving Door Profile
OpenSecrets profile data for Porsche Automobile Holding SE indicates that during the 2024 cycle the company made $91,286 in political contributions and spent $120,000 on lobbying. Additionally, the fact that all of its lobbyists have prior government experience raises concerns over regulatory capture and undue political influence.
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DISSENTER
Porsche Automobil Holding SE is currently rated as a Dissenter.
Latest Events
- FEB062025
OpenSecrets profile data for Porsche Automobile Holding SE indicates that during the 2024 cycle the company made $91,286 in political contributions and spent $120,000 on lobbying. Additionally, the fact that all of its lobbyists have prior government experience raises concerns over regulatory capture and undue political influence.
-20
Political Contributions and Lobbying Efforts
March 28
The documented political contributions and lobbying expenditures, although modest in absolute terms, demonstrate an active engagement in political processes. Coupled with the revolving door phenomenon where all lobbyists have prior government experience, this raises concerns about potential undue influence and regulatory capture, which from an anti‑fascist perspective undermines democratic accountability.
Porsche Automobile Holding SE Profile: Summary • OpenSecrets
-20
Executive Political Engagement
March 28
The revolving door data, indicating that 100% of Porsche SE lobbyists have previously held government positions, suggests close ties between the company and political institutions. This relationship can facilitate preferential treatment and weaken democratic oversight, contributing to a system that potentially favors authoritarian power structures.
Porsche Automobile Holding SE Profile: Summary • OpenSecrets
- JAN012025
Porsche Automobil Holding SE has publicly committed to safeguarding human rights and environmental protection in its supply chain by rejecting child labor, forced labor, modern slavery, and human trafficking. This move emphasizes the company's intent to ensure ethical sourcing and labor practices.
+70
Supply Chain Ethics
March 28
Porsche's explicit stance against child labor, forced labor, and all forms of modern slavery in its supply chain demonstrates a commitment to upholding human rights. By taking consistent action to prevent such violations, the company positively contributes to ethical business practices and supply chain integrity. This proactive measure supports marginalized communities and aligns with anti-fascist values by rejecting exploitative labor practices.
Safeguarding of human rights and environmental protection in the supply chain
- AUG122024
Porsche AG issued a statement outlining its commitment to enforcing a strict Code of Conduct for Business Partners that mandates adherence to environmental, social, and human rights standards among direct suppliers. The company detailed its use of a sustainability rating (S-rating) system and a supply chain grievance mechanism to monitor compliance and address any potential shortcomings.
+80
Supply Chain Ethics
March 28
Porsche AG's Code of Conduct for Business Partners requires direct suppliers to comply with environmental, social, and human rights standards. The implementation of a sustainability rating (S-rating) system and a supply chain grievance mechanism demonstrates proactive measures in ensuring ethical supply chain practices and deterring human rights abuses.
+70
Labor Relations and Human Rights Practices
March 28
The statement underscores Porsche AG's respect for human rights and its expectation that direct suppliers maintain social employment practices. This reflects a commitment to upholding fair labor relations and protecting human rights within its supply chain.
- FEB152024
Porsche Automobil Holding SE, as part of the Volkswagen Group, faces allegations that a sub-supplier may have produced a critical electronic component using forced labor in western China. The company is actively investigating the issue and replacing the component, leading to delays in vehicle deliveries at US ports.
-40
Supply Chain Ethics
March 28
The allegations point to a serious lapse in supply chain oversight, as the use of forced labor in producing a key component undermines ethical business practices. Although Porsche and the VW Group have initiated an investigation and replaced the part, the association with a forced labor supply chain remains a significant ethical concern that negatively impacts labor rights and human dignity.
Chinese Slave Labor Allegations Hold Up VW's Audi, Porsche, Bentley Vehicles at U.S. Ports
- JAN012024
Porsche Automobil Holding SE highlights its commitment to sustainability-driven management of its direct suppliers by emphasizing ecological procurement, adherence to human rights standards, and responsible social employment practices. The commitment is showcased on Porsche Newsroom as part of its supply chain responsibility narrative.
+75
Supply Chain Ethics
March 28
Porsche's public communication emphasizes sustainable supply chain ethics by requiring its direct suppliers to adhere to stringent ecological and human rights standards. This proactive stance promotes ethical business practices and protects marginalized communities by ensuring responsible procurement and social employment practices.
- DEC312023
Porsche Automobil Holding SE spent $120,000 on lobbying in 2023, as reported by OpenSecrets. This expenditure reflects corporate efforts to influence policy decisions, a practice that can undermine democratic accountability.
-20
Political Contributions and Lobbying Efforts
March 28
The $120,000 lobbying expense reported for 2023 demonstrates Porsche SE's engagement in political activities that may serve to protect corporate interests over public welfare. Such actions contribute to a dynamic where corporate influence over political processes can undermine democratic practices.
Porsche Automobile Holding SE Lobbying Profile • OpenSecrets
- MAY012023
Porsche Consulting outlined its commitment to upholding human rights both within the company and throughout its supply chain, establishing multiple complaint channels including a 24/7 hotline, email, postal, and online reporting to ensure accountability and address any grievances effectively.
+70
Labor Relations and Human Rights Practices
March 28
The company's proactive measures to protect human rights, including a dedicated hotline and multiple reporting channels, demonstrate a strong commitment to upholding labor rights and mitigating human rights violations. This initiative supports anti-authoritarian and inclusive business practices by ensuring accountability within their operations and across their supply chain.
+70
Supply Chain Ethics
March 28
By establishing comprehensive measures for monitoring and addressing human rights concerns in its supply chain, Porsche Consulting demonstrates ethical sourcing and supply chain management. This not only safeguards vulnerable workers but also reinforces a corporate culture that is resistant to exploitative practices and authoritarian tendencies.
- JAN012023
Porsche has issued a comprehensive policy statement on human rights, detailing its commitment to ensuring fair labor practices and preventing human rights violations both within its operations and across its global supply chains. The announcement describes a multi-level grievance mechanism with various channels for reporting, alongside an annual due diligence report for 2023.
+70
Labor Relations and Human Rights Practices
March 28
Porsche’s detailed human rights policy and its extensive due diligence measures, including a multi-channel complaint system, indicate a positive commitment to protecting worker rights and ensuring ethical practices within its operations and supply chains. This proactive stance supports marginalized communities and aligns with progressive, anti-authoritarian values.
- JAN012023
In 2023, Porsche Automobil Holding SE spent $120,000 on lobbying efforts targeting energy and nuclear power issues, as reported by OpenSecrets. This expenditure reflects the company’s active engagement in influencing public policy through corporate political spending.
-20
Political Contributions and Lobbying Efforts
March 28
Porsche's $120,000 lobbying expenditure in 2023 to influence U.S. policy on energy and nuclear power underscores a corporate strategy that prioritizes political influence. Such actions are concerning from a democratic accountability perspective and contribute to a broader pattern of corporate attempts to shape policy in favor of elite interests, aligning them with authoritarian tendencies.
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