Amazon shareholders approve plastic packaging cuts

Posted on June 2, 2022 by DrRossH in Plastic Waste News


Near majority of Amazon shareholders (48.9%) have approved an As You Sow proposal at the company’s annual meeting last week, which called for plans to cut plastic used for its packaging.

The shareholder resolution asked the world’s largest online retailer to disclose how much plastic packaging it uses, and report on ways it can significantly reduce the overall use of plastic for packaging. 

More than 181 million shares with a market value exceeding $387 billion supported the proposal, providing the highest level of support among 15 shareholder proposals on social and environmental issues on this year’s Amazon proxy statement.

When management and insider shares are discounted, the proposal was approved by an estimated 59 per cent of non-company related shares.