ITEM NO. 6 - Stockholder Proposal – Political Congruency Report
As You Sow (on behalf of Myra K Young Roth IRA) proposes the following:

Whereas: AT&T INC. sponsors a federal employee political action committee (PAC) and numerous state PACs
whose “decisions are based on AT&T’s public policy positions and the best interests of the business and our
employees.”1

AT&T states: “Officers, executives or committee members making contribution decisions are mindful of our
Core Values and make recommendations and decisions without regard for personal political preferences . . . As
AT&T assesses public policy that impacts business objectives, it also is mindful of diverse and complex societal
issues that can affect us to varying degrees.”2 The societal issues identified include environmental
sustainability; diversity, equity and inclusion; social justice; and economic empowerment of women.

However, AT&T’s politically focused expenditures appear to be misaligned with its public statements on
Company values, views, and operational practices. As examples, AT&T states it:

Has a “history of commitment to gender equality,”3 yet Proponent estimates that in the 2016-2018 election
cycles, AT&T and its employee PACs made political donations totaling at least $16.4 million to politicians and
political organizations working to weaken women’s access to reproductive health care.Is committed to achieving carbon neutrality, yet is a member of the U.S. Chamber of Commerce which has
consistently lobbied to roll back climate regulations and slow the transition toward a low carbon energy mix.

Is committed to “stand for equality as one of our core values” including dedicating resources to “overcoming
systemic barriers and ensuring civil rights for all people.”4 Yet, between June 1, 2020 and March 25, 2021, AT&T
or its PACs contributed at least $228,300 to state lawmakers who introduced or sponsored legislation
restricting public protests.5

Believes “the right to vote is sacred and we support voting laws that make it easier for more Americans to vote
in free, fair and secure elections,”6 yet, in June 2021, AT&T or its PACs contributed $132,500 to Texas state
lawmakers who had supported bills that raise voter suppression concerns.7

Is committed to “stand for equality as one of our core values” including dedicating resources to “overcoming
systemic barriers and ensuring civil rights for all people.”4 Yet, between June 1, 2020 and March 25, 2021, AT&T
or its PACs contributed at least $228,300 to state lawmakers who introduced or sponsored legislation
restricting public protests.5

Believes “the right to vote is sacred and we support voting laws that make it easier for more Americans to vote
in free, fair and secure elections,”6 yet, in June 2021, AT&T or its PACs contributed $132,500 to Texas state
lawmakers who had supported bills that raise voter suppression concerns.7

{snip}