Amazon beats all 18 shareholder-led proposals at annual meeting

Amazon.com Inc investors voted against all 18 shareholder-led proposals during the e-commerce giant’s annual meeting on Wednesday, a preliminary tally by the company showed.

The total exceeded Amazon’s 2022 record of 15 as environmental, social and governance (ESG)-focused investors pushed for changes ranging from warehouse workers rights, union rights, gender and racial pay and animal welfare standards.

Proposals need more than 50% of shareholder votes to win, but Amazon is not required to adopt them. Amazon will provide the final tally an upcoming US Securities and Exchange Commission filing.