NYS Pension Fund Calls for Civil Rights Audit on Amazon
State comptroller calls for third-party audit to asses how retail giant’s policies affect equity, diversity, and inclusion.
The New York State Common Retirement Fund (NYSCRF) has filed a shareholder proposal calling for an independent audit to assess Amazon.com Inc.’s policies and practices on civil rights, equity, diversity, and inclusion, and how they affect the retail giant’s business.
The proposal requests that Amazon’s board of directors commission a racial equity audit to be conducted by an independent third party with input from civil rights organizations, employees, communities where Amazon operates, and other stakeholders. It also said a report on the audit should be made available to the public on Amazon’s website.
Bloomberg
Finance officials in New York have targeted Amazon and other firms they believe should do better against racial bias or gender parity.
New York s state and city comptrollers on Dec. 18 issued shareholder proposals to companies they believe have not sufficiently fought against racial discrimination or gender parity within their organizations.
Thomas DiNapoli, the state comptroller and sole trustee of the $226.4 billion New York State Common Retirement Fund, Albany, filed a shareholder proposal at Amazon.com asking for an independent audit to review the company s civil rights, equity, diversity and inclusion policies.
Through its proposal, the common fund cites allegations that Amazon has disproportionately paid low wages to its Black and Latino warehouse employees, exposed these employees to COVID-19 through dangerous working conditions and discriminated against employees of its Whole Foods subsidiary for wearing Black Lives Matter masks while working.
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Amazon investors push for racial equity audit, worker on board
Saijel Kishan, Bloomberg News VIDEO SIGN OUT
An Amazon.com Inc. institutional investor is pushing the worldâs largest online retailer to conduct an audit on racism and diversity. Three other shareholders want Amazon to name a worker to its board.
The New York State Common Retirement Fund filed a shareholder resolution calling on the company to assess its impact on civil rights, racial equity, diversity and inclusion. The retirement fund suggested that Amazon solicit input from employees and civil-rights groups for the report and post it on the company website.