Arjuna Capital has submitted a proxy proposal for Amazon.com, Inc.'s 2024 Annual Meeting, urging shareholders to vote in favor of Proposal 8, which calls for the company to report on median pay gaps across race and gender. The proposal highlights the lack of median racial and gender pay gap data in Amazon's current reporting practices, which is seen as a deviation from best practices and a point of public scrutiny due to alleged unfair pay and working conditions. Arjuna Capital argues that disclosing and acting to narrow these pay gaps can lead to significant company performance benefits, including enhanced workforce diversity and stronger company performance. The proposal also emphasizes the importance of median pay gap reporting in providing valuable...Show More

Arjuna Capital has submitted a proxy proposal for Amazon.com, Inc.'s 2024 Annual Meeting, urging shareholders to vote in favor of Proposal 8, which calls for the company to report on median pay gaps across race and gender. The proposal highlights the lack of median racial and gender pay gap data in Amazon's current reporting practices, which is seen as a deviation from best practices and a point of public scrutiny due to alleged unfair pay and working conditions. Arjuna Capital argues that disclosing and acting to narrow these pay gaps can lead to significant company performance benefits, including enhanced workforce diversity and stronger company performance. The proposal also emphasizes the importance of median pay gap reporting in providing valuable data distinct from the company's diversity data and as a benchmark for Amazon's progress in Diversity, Equity, and Inclusion (DEI) initiatives. Despite facing protests and unionizing efforts from warehouse employees over wages and working conditions, Amazon has not committed to disclosing this data, which Arjuna Capital believes would enhance trust between the company, its employees, and investors. The proposal is part of the materials submitted voluntarily by Arjuna Capital for the upcoming shareholders' meeting.