Parent Company

{
  "id": "MLC-T-ENV-020240",
  "term": "Parent Company",
  "field": "Environment",
  "definition": "1. An individual, corporation, partnership, association, joint-stock company, or an unincorporated organization that can direct or cause the direction of management and policies of another entity, through the ownership of shares or otherwise.\n\n2. Company that owns or controls another company.\n\n3. highest-level company (or companies) of the facility's ownership hierarchy as of December 31 of the year for which data are being reported according to the following instructions. The U.S. parent company is located within the United States while the foreign parent company is located outside the United States: (1) If the facility is entirely owned by a single U.S. company that is not owned by another company, that single company is the U.S. parent company. (2) If the facility is entirely owned by a single U.S. company that is, itself, owned by another U.S.-based company (e.g., it is a division or subsidiary of a higher-level company), the highest-level company in the ownership hierarchy is the U.S. parent company. If there is a higher-level parent company that is outside of the United States, the highest-level foreign company in the ownership hierarchy is the foreign parent company. (3) If the facility is owned by more than one company (e.g., company A owns 40 percent, company B owns 35 percent, and company C owns 25 percent), the highest-level U.S. company with the largest ownership interest in the facility is the U.S. parent company. If there is a higher-level foreign company in the ownership hierarchy, that company is the foreign parent company. (4) If the facility is owned by a 50:50 joint venture or a cooperative, the joint venture or cooperative is its own parent company. (5) If the facility is entirely owned by a foreign company (i.e., without a U.S.-based subsidiary within the facility's ownership hierarchy), the highest-level foreign parent company is the facility's foreign parent company. (6) If the facility is federally owned, the highest-level Federal agency or department operating the facility is the U.S. parent company. (7) If the facility is owned by a non-Federal public entity (e.g., a State, municipal, or tribal government), that entity is the U.S. parent company.\n\n4. The highest-level company (or companies) of the facility's ownership hierarchy as of December 31 of the year for which data are being reported according to the following instructions. The U.S. parent company is located within the United States while the foreign parent company is located outside the United States: 1.) If the facility is entirely owned by a single U.S. company that is not owned by another company, that single company is the U.S. parent company. 2.) If the facility is entirely owned by a single U.S. company that is, itself, owned by another U.S.-based company ( e.g., it is a division or subsidiary of a higher-level company), the highest-level company in the ownership hierarchy is the U.S. parent company. If there is a higher-level parent company that is outside of the United States, the highest-level foreign company in the ownership hierarchy is the foreign parent company. 3.) If the facility is owned by more than one company ( e.g., company A owns 40 percent, company B owns 35 percent, and company C owns 25 percent), the highest-level U.S. company with the largest ownership interest in the facility is the U.S. parent company. If there is a higher-level foreign company in the ownership hierarchy, that company is the foreign parent company. 4.) If the facility is owned by a 50:50 joint venture or a cooperative, the joint venture or cooperative is its own parent company. 5.) If the facility is entirely owned by a foreign company ( i.e., without a U.S.-based subsidiary within the facility's ownership hierarchy), the highest-level foreign parent company is the facility's foreign parent company. 6.) If the facility is federally owned, the highest-level Federal agency or department operating the facility is the U.S. parent company. 7.) If the facility is owned by a non-Federal public entity (e.g., a State, municipal, or tribal government), that entity is the U.S. parent company.",
  "subject": "Chemicals, toxics and pesticides",
  "references": [
    "40 CFR 82.152 (CFR 2013)",
    "40 CFR 704.3 (CFR 2013)",
    "40 CFR 372.3 (2023)",
    "40 CFR 372"
  ],
  "url": "https://mlchart.com/terminology/environment/parent-company/"
}