Thread from one of the amazon employees. Among other things, Amazon board doesn’t understand climate-related financial risks.... and couldn’t be bothered to find out? (see #33-35)https://twitter.com/emahlee/status/1119687611667193856 …
The climate crisis poses *significant* financial risks to Amazon. And not just in the usual ways one expects, like disruptions to business operations.
What and how big are these risks? Investors need transparency on Amazon's risk assessment and management plans.
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Hopefully the big institutional investors (Vanguard, Blackrock, FMR, Price, State Street) will be troubled by this, and the risk itself, and vote to adopt the resolution.