On March 20, 2024, PACCAR Inc announced that it has received a shareholder proposal from Calvert Research and Management and the Comptroller of the City of New York, as co-sponsors, request that the Board of Directors annually conduct an evaluation and issue a report (at reasonable cost, omitting confidential or proprietary information) describing if, and how, the Company lobbying and policy influence activities (both direct and indirect through trade associations, coalitions, alliances, and other organizations) align with the goal of the Paris Agreement to limit average global warming to ?well below? 2°C above pre-industrial levels, and to pursue efforts to limit temperature increase to 1.5°C, and how the Company plans to mitigate the risks presented by any misalignment. In evaluating the degree of alignment, the Company should consider not only its policy positions and those of organizations of which the Company is a member, but also the actual lobbying and policy influence activities.

In addition, the company urged the shareholders to vote against the shareholder proposal at its annual general meeting scheduled to be held on April 30, 2024.