AMAZON.COM, INC. | Gender and Racial Pay Gap
Previous AGM date
How other organisations have declared their voting intentions
|Organisation name||Declared voting intentions||Rationale|
|EFG Asset Management||For||The company discusses its policies to advance gender diversity and pay equality in reports and on its website. It also publishes several workforce and board gender diversity statistics and outlines numerous diversity and inclusion initiatives for increasing minority representation in senior positions. The company reports a pay equity statistic for 2021 compensation and states that across its global workforce, the difference between what it pays women and men, and between White and minority ethnic/racial groups in the U.S. statistically adjusted for role, geographic location, tenure, and other factors is very small. The company began publishing its EEO-1 report in 2021.
Amazon does not publish for its U.S. or global workforce the same gender pay gap statistic as it publishes in the UK. The median pay gap statistic provides benefits such as transparency and comparability across time and organizations and serves as one measure of representation of women in senior positions. For its U.S. workforce, Amazon uses an "equal pay for equal work" statistic in which the company defines what it considers to be an "equal job." The company's disclosure of a pay equity statistic and its diversity and inclusion efforts provide shareholders with some visibility into how well the company is addressing poor representation of women and underrepresented minorities at senior levels. However, Amazon has recently faced lawsuits and fines concerning its hiring and pay practices. Publishing the unadjusted pay gap statistic could increase accountability for diversity efforts and would provide shareholders with useful information about how effectively management is assessing and mitigating risks that may rise from inequitable worker treatment. Therefore, shareholder support for this proposal is warranted.
|Kutxabank Gestion SGIIC SAU.||Against|