Summary by Moomoo AI
Amazon.com, Inc. is facing a shareholder proposal urging the company to address its plastic packaging use. The proposal, submitted by As You Sow for Amazon's annual meeting on May 22, 2024, calls for the company to report on strategies to make all packaging recyclable, reusable, or compostable, and to set goals for reducing plastic packaging in line with authoritative sources like the Pew Report. Despite Amazon's steps towards reducing plastic use, including disclosing some plastic use data and incorporating recycled content in mailers, the company is criticized for not providing comprehensive data on total plastic use and for lagging behind peers in sustainable packaging commitments. The proposal has gained significant investor support, with 49% backing in 2022 and 32% in 2023. Amazon's...Show More