Amazon shareholders have rejected 15 resolutions brought forward by investors in a push to influence the company’s environmental impact and treatment of workers.
Shareholders voted on Wednesday against all the resolutions, most of which focused on worker rights and other social issues. The resolutions included calls for the company to report on worker health and safety and the treatment of its warehouse workers, and a review of Amazon’s use of plastic and changes to the company’s process for board nominations.
Amazon’s board had recommended that its shareholders vote against all resolutions, arguing in its proxy statement that it has already acted to address the underlying concerns of many of the proposals. Historically shareholders have voted with the board’s recommendations. Jeff Bezos, the company’s executive chairman, controls 12.7% of the overall vote.
While the resolutions are non-binding, companies often take some form of action if they receive the backing of 30% to 40% of votes. While the activist resolutions were shut down, investors approved executive compensation, board members and a stock split.
A proposal from the activist investor group Tulipshare called on Amazon to conduct an independent audit of warehouse workers’ wages and working conditions. Though the vote did not pass, the group plans to resubmit the motion next year.
The increase in the number of resolutions underscores the rise of environmental, social and corporate governance (ESG)-based investing, which is spurring more shareholders to push for corporate accountability.
It also reflects changes under securities regulators appointed by Joe Biden that have made it easier for investors to file proposals and more difficult for companies to convince regulators that these resolutions should not go to a shareholder vote.
Google Terminates 28 Employees Over Nimbus Protest
Google, one of the leading tech giants, has made headlines after terminating 28 employees who participated in the Nimbus protest. The protest, which took place outside Google’s headquarters, was organized to raise concerns over the company’s handling of workplace issues, including alleged retaliation against employees who spoke out against discrimination and harassment.
In response to the…
Unveiling the Secret World of Privacy Breaches and Espionage Among Allies
**Introduction:**In a world where the lines between ally and adversary blur, the recent revelations of Google’s $5 billion settlement for infringing on user privacy and the intricate web of espionage among friendly nations have ignited a global conversation. This article delves into the clandestine world of privacy breaches and espionage, unearthing the uncomfortable truths that define our modern…
Hi people. As the boy billionaire has bought the birdsite and corporate accounts joke about moving to Tumblr, I kindly ask y'all to give the brands the treatment they deserve: silence.
Make your own posts if you wanna post bugass but do NOT engage the brands. Gaslight, gatekeep and girlboss. In containment they will wither.
If this gets uh... *uses random number generator* 4075 notes I'll clean my rooms with before and after pictures- however here are some conditions-
1. Don't tag a ton of people, tag up to 5 people max
2. Don't reblog more than once (I don't wanna spam other people's feeds after all)
3. Try not to spam notes- just do 3x max (a reblog, like, and reply)
I'm serious about this, I genuinely need to clean my room but lack motivation- so yeah
If it gets to 4075 notes before March 1st I'll also try to rearrange furniture in my rooms, but if not I'll still clean my rooms when I get to the goal
If it gets to over 10k notes by March 1st (press X to doubt that it'll happen) I'll also make a lil hideout area in my room and show pictures.
And yes I have 2 rooms it's because I live in the attic okay deal with it, I bump my head so much it's not even funny because the ceiling is low, I can't even do Wii Fit properly and it's sad.
"Uncovering the Truth Behind the Hindenburg Report on Adani: A Comprehensive Analysis"
Adani Group is a leading Indian multinational conglomerate with interests in power generation, agribusiness, and infrastructure. Headquartered in Ahmedabad, Gujarat, the company was founded by Gautam Adani in 1988. In recent years, Adani Group has faced a significant amount of controversy due to its proposed Carmichael coal mine project in Australia and the allegations made by Hindenburg…
THERE'S ALSO A GENOCIDE HAPPENING IN THE CONGO!!!!! THERE'S ALSO A GENOCIDE HAPPENING IN THE CONGO!!!!! THERE'S ALSO A GENOCIDE HAPPENING IN THE CONGO!!!!!
"Investors need reliable, comparable information about risks that registered companies face and how they are managing those risks," argued Democratic attorneys general who support the paused policy.
The U.S. Securities and Exchange Commission announced on Thursday that it would pause the implementation of climate disclosure rules for U.S. companies while it awaits the rulings on legal challenges related to those rules.
"The Commission has determined to exercise its discretion to stay the final rules pending the completion of judicial review of the consolidated 8th Circuit petitions," the agency said in its order. "The commission will continue vigorously defending the final rules' validity in court and looks forward to expeditious resolution of the litigation."
The rules are meant to force companies to make public any climate risks to their businesses. They have been challenged by attorneys generals from nine different states that are controlled by Republicans.
Meanwhile, 19 Democratic attorneys general are defending the policy, which they said in a Wednesday court filing "provides the states, their residents, and other investors with information about climate-related risks that is critical to making informed investment decisions."
"Investors need reliable, comparable information about risks that registered companies face and how they are managing those risks," the Democrats argued. "Climate-related impacts are undeniably one such category of risk."
Even if the rules were implemented, the SEC has been accused of "watering them down," because they don't include the greenhouse gas emissions related to companies' supply chains.
"Climate-related risks are financial risks, and investors have a right to know the full scope of a public company's emissions profile. This SEC decision will let big corporations off the hook in the United States, allowing them to avoid disclosure of emissions from throughout their supply chains," Sen. Ed Markey (D-Mass.) said when the rules were finalized last month
California has already passed legislation that requires large companies to disclose how much their supply chains are contributing to greenhouse gas emissions.