Shareholder Votes Sought at Amazon, Netflix for Reports on GHG Reduction Targets

Amalgamated Bank will ask fellow shareholders at Amazon and Netflix to vote for resolutions at the companies’ next annual meetings that would direct their boards to issue reports on 2030 greenhouse gas reduction targets, said the green group As You Sow on Wednesday in its annual Proxy Preview summary of forthcoming shareholder actions. Amalgamated wants Amazon shareholders to demand a report that evaluates the “feasibility” of the company achieving by 2030 “net-zero” emissions of greenhouse gases from all aspects of the business, including its supply chain, As You Sow said. The Netflix proposal says much the same thing, the green group said. Amalgamated chose those companies because “they represent a variety of strategic options and challenges for meeting the targets,” it said. “These companies to date have not published sustainability reports that could inform shareholders on their strategies in this area generally. They also are highly visible and have corporate leaders accessible to the public and to many young consumers who will carry the greatest burden of a disrupted climate.” Amazon’s annual meeting is in May, and Netflix’s is in June, the green group said. Amazon and Netflix representatives didn’t comment Thursday.