June 14, 2022
Following a report claiming that Amazon used nearly 600 million pounds of plastic to package its products in 2020, shareholders turned out in record numbers to demand that the company reduce its plastic packaging.
Investors who own nearly 50 percent of Amazon’s shares voted in favor of a resolution asking the company to reduce its plastic packaging last month, making it the most widely supported proposal presented at Amazon’s annual shareholder meeting. The resolution, which garnered yes votes from investors who hold roughly $387 billion worth of the company’s shares, also received more support than any other environmentally oriented shareholder proposal in Amazon’s history.
Read more: Nearly half of Amazon shareholders agree: Time to cut back on plastic packaging