Activist investor Tulipshare has accused Amazon.com Inc of ignoring it again over warehouse workers' rights.
Last year 44% of investors supported Tulipshare’s motion at the AGM for the online retail giant to provide an independent review of the working conditions and treatment of its warehouse operatives.
Ex-chief executive Jeff Bezos voted against the proposal.
Citing a high rate of injury and staff turnover among Amazon’s logistics workers, Tulipshare said it will ask investors to vote again, adding it “would have won” had Bezos not been involved.
Start-up Tulipshare outlined the support received for the proposal amounted to over US$600bn worth of Amazon’s shares.
“Companies with better ESG credentials are not only doing more to create a better world for our people and planet, but they have more stable cash flows, a lower chance of going bankrupt, and are more resilient to external ESG shocks,” said Antoine Argouges, Tulipshare chief executive.
“Amazon is at great risk” of such shocks, including if regulations were to be tightened, he added.
Tulipshare pools individual investments made through its app to leverage collective shareholder power and push companies to improve environmental, social and governance (ESG) standards.
It has also launched campaigns against Apple Inc (NASDAQ:AAPL), Coca Cola Co and McDonald’s.