What new Amazon CEO Andy Jassy needs to do to become a leader in sustainability like Apple

Few ESG funds own Amazon stock.

By Debbie Carlson, February 6, 2021

Andy Jassy, the incoming Amazon CEO, needs to improve labor relations, reduce packaging waste and further its climate goals if it wants to be a world-leading company from an environmental, social and governance perspective.

Indeed, Amazon’s AMZN, 0.33% role model could be Apple AAPL, -2.10%, which advocates say has become a sustainability leader among megacap stocks.

Amazon is starting to make strong operational strides such as investing in electric vehicles for its fleet and running data centers on renewable energy, but remains a laggard in other key ESG pillars such as workplace issues, racial and diversity inclusion and has more work to do on carbon reduction, say ESG advocates. Because of that, only a handle of ESG exchange-traded funds and mutual funds own the company.

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