SEATTLE – Wednesday, Amazon said that its shareholders voted proposals that would put pressure on the company to reconsider their social impact in two main areas: facial recognition and climate change.
The Amazon recommendations called for a more comprehensive approach to reducing carbon footprint and putting the brakes on how the company sells surveillance technologies to governments.
The board of the company was opposed to the changes. But the initiatives received support from the two most significant shareholder advisory firms, which help large long-term investors decide how to vote.
Amazon did not reveal the total vote on Wednesday, but said it would be by the end of the week.
Active investors usually give shareholder recommendations. But the climate change initiative was interesting: the plan was pushed by Amazon employees, paid in part to stock. The move introduced a new tactic in the growing agency among high-tech employees. More than 7,500 workers signed a letter supporting the climate change project, publicly disclosing their names.
The initiative would put pressure on the company to develop a public report that would report on how Amazon plans for climate-related disruption, such as bad weather, and how the company will reduce its dependence on fossil fuels, which empowers them. both its major delivery and delivery operations as well as its replacement details.
Glass Lewis, a shareholder consultancy firm, wrote that Amazon had disclosed less information about sustainability than its colleagues, and recommended that investors support the proposal as it would enable employees and shareholders to gain a better understanding of how the t company face climate change.
Amazon and its board argued that the company is already working to mitigate its climate impact through various measures, such as plans to expose its carbon footprint later this year and a new initiative called Zero Shipment, which is it It aims to have 50 per cent of net zero shipments by 2030 carbon.
Active investors submitted two recommendations to restrict the company's sale of its face recognition tool, Amazon Rekognition, arguing that the spread of surveillance technologies could hurt civil rights, and hence the reputation of the company.
One proposal was requested by the board to commission an “independent study” looking at a number of issues, such as whether customers could use Rekognition to target or supervise “color people, immigrants and actors in the United States” or t he has sold to a very serious authority or governments abroad. The other person asked the company to stop Rekognition selling to government customers unless the board decided that the technology had not helped civil and human rights abuses.
Amazon can “become obsolete” because “it is not developing rules on tenders on government contracts, has not carried out an Artificial Information ethics committee and has not declared partnerships with civil liberties organizations,” he said. Shareholder Institutional Services.
The company and the board have said that they do not know that Amazon Rekognition's law enforcement agencies have benefited from civil liberties. The board said the report would be a cash waste of “hypothetical and speculative concerns.” And he said the total ban does not mean as “we do not believe that the potential for customers should generate results generated by Amazon. We sincerely provide technology to our customers. ”
There is a high bar for shareholder proposals. Mr. Controls. Bezos 16 percent of the company's shares, and your proposal must receive half the votes. The board's recommendation is supported by investors who refrain from recommending.
No shareholder solution has ever been made at Amazon, according to the firm's FactSet financial data.
But they have pushed the company to change. Last year, Amazon opposed a shareholder's intention to consider various candidates deliberately, saying that it had already looked at different heads of its board, who had only white directors at the time. However, following public opposition, he reversed a course and formally adopted the policy. The shareholders then fell on their proposal, and Amazon has since added two colored women to her table.