AMAZON.COM, INC. | Report on plastic pollution at AMAZON.COM, INC.
Previous AGM date
How other organisations have declared their voting intentions
|Organisation name||Declared voting intentions||Rationale|
|Dana Investment Advisors||For|
|EFG Asset Management||For||A vote FOR this proposal is warranted, as shareholders would benefit from additional information on how the
company is managing risks related to the creation of plastic waste.
|Anima Sgr||For||As 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 its plastic use, it does not provide competing data that allows investors to assess its progress. 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.
|Rothschild & co Asset Management||For|
|Irish Life Investment Managers||For|
|CANDRIAM||For||Amazon does not disclose how much plastic packaging it uses but is believed to be one of the largest corporate users of flexible plastic packaging which cannot be effectively recycled. A recent report by Oceana estimates that Amazon generated 599 million pounds of plastic packaging waste in 2020 and up to 23.5 million pounds of this waste entered the world’s marine ecosystems. Flexible packaging represents 59% of all plastic production but an outsized 80% of plastic leaking into oceans. Amazon has no goal to make all its packaging recyclable.
Amazon is falling behind its peers. Unilever, with the most significant corporate action to date, agreed to cut virgin plastic packaging by half by 2025, eliminating 100,000 tons. At least seventeen other public consumer goods companies including competitors Walmart and Target have virgin plastic reduction goals. IKEA pledged to eliminate all plastic packaging by 2028.
Reducing Amazon’s plastic packaging and making all its packaging recyclable are necessary steps to combat the plastic pollution crisis, and shareholders would benefit from additional information on how the company is managing risks related to the creation of plastic waste.
|Kutxabank Gestion SGIIC SAU.||Against|
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