How other organisations have declared their voting intentions
|Organisation name||Declared voting intentions||Rationale|
|EFG Asset Management||For||In its proxy statement and on its website, Amazon discusses a number of initiatives it has undertaken to work with vendors to design packaging that uses less plastics or is more recyclable. It has apparently designed more recyclable mailers and has worked to reduce plastics use in its retail stores. It has started a plastic film recycling program and has donated to the Closed Loop Infrastructure Fund to improve recycling infrastructure.
While the company discusses the impact in terms of plastic waste reduction, it does not provide an overall baseline amount of plastic used throughout its supply chain. Although the company disputes Oceana s claims regarding Amazon s plastic use, it does not provide competing data that allows investors to assess its progress. It has not joined the Ellen Macarthur Foundation initiative that appears to be a leading collaboration for reducing single-use plastic waste. Several of the company's peers have announced goals specifically around single-use plastic reduction.
Concern over the environmental damage caused by plastics is rising and regulations are likely to go into force in a number of jurisdictions that would limit the amount of single-use plastic packaging that can be used. Such additional disclosure as is being requested by the proponent would help shareholders gauge whether the company is appropriately managing risks related to the creation of plastic waste. As such, this shareholder resolution warrants support.
|Comgest||For||In our view, additional disclosures on the company’s plastics use, especially regarding packaging, is key to keep track of the company’s commitments and assess progress in terms of waste reduction.|