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On 23/02/2022, Ethical Consumer viewed the entry for Robert Bosch GmbH on the opensecrets.org website, which was published in the USA by the Centre for Responsive Politics.

The Open Secrets website stated that in 2020 and was linked to $71,915 in political donations. Of this, $35,667 was donated to Republican candidates and $35,869 to Democrats.

NOTE: OpenSecrets states: “The organization itself did not donate, rather the money came from the organization's PACs, their individual members or employees or owners, and those individuals' immediate family members. Organizations themselves cannot contribute to candidates and party committees. Totals include subsidiaries and affiliates.”

Open Secrets stated that the company had spent $840,000 on lobbying in 2020.

As a result of these activities, Robert Bosch GmbH lost a full mark in the Political Activities categories.

Reference:

Open Secrets generic ref 2022 (4 January 2022)

According to Open Secrets www.opensecrets.org, viewed by Ethical Consumer in January 2021, individuals associated with Robert Bosch LLC made contributions totalling $64,564 to both Republican and Democratic candidates during the 2020 election cycle.
The company also spent $580,000 in 2020 lobbying on legislation relating to cars.

Robert Bosch LLC therefore lost half a mark under Political Activities.

Reference:

Open Secrets generic ref 2021 (5 January 2021)

In March 2021, Ethical Consumer viewed the member lists of major lobby groups. Robert Bosch GmbH was found to be a member of the following group:

- World Economic Forum

This group was regarded by Ethical Consumer as international corporate lobby groups which exerted undue corporate influence on policy-makers in favour of market solutions that were potentially detrimental to the environment and human rights. Bosch therefore lost a whole mark under Political Activities.

Reference:

Ethical Consumer Lobby Group member list (19 February 2020)

On 15/02/2022, Ethical Consumer viewed Robert Bosch GmbH's latest annual report (2020). The company reported total figures for executive pay, however, no disclosure of individual executive pay could be found.

As the company had a turnover of £1billion or above, the company lost half a mark under Anti-Social Finance for lack of transparency on executive pay.

Reference:

2020 Annual Report (15 February 2022)

In February 2022, Ethical Consumer viewed Robert Bosch GmbH's list of subsidiaries in its 2020 annual report. According to this list, the company had multiple subsidiaries in jurisdictions considered by Ethical Consumer to be tax havens at the time of writing, including: Ireland, Luxembourg, Netherlands, Singapore, Taiwan, Switzerland and Delaware USA. Of these, at least four were finance, investment or holding companies, which were high risk company types for likely use of tax avoidance strategies:

- Robert Bosch Finance Nederland B.V. (Netherlands)
- Robert Bosch Holding Nederland B.V. (Netherlands)
- Robert Bosch Investment Nederland B.V (Netherlands)
- Bosch Thermotechnology Netherlands Holding B.V. (Netherlands)

An internet search using the search terms “Bosch tax policy statement country” found the Bosch UK Tax Strategy. It stated: "Bosch does not engage in artificial tax arrangements, i.e. planning that is not underpinned by commercial and economic substance. Tax planning measures are always in line with the tax legislation with a low risk of non-acceptance by Tax Authorities. Advice is sought from external advisers where uncertainty exists." However, this only appeared to apply to its UK subsidiaries.

This was not considered to constitute country-by-country financial information or reporting (CBCR), nor a clear public tax statement confirming that it was this company’s policy not to engage in tax avoidance activity or to use tax havens for tax avoidance purposes, nor did the company provide a narrative explanation for what each group entity located in a tax haven is for, and how it is not being used for purposes of tax minimisation.

Given the above and the fact that the company published no country by country financial data, Robert Bosch GmbH received Ethical Consumer's worst rating for likely use of tax avoidance strategies.

Reference:

2020 Annual Report (15 February 2022)