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Mutual Fund Company Hopes To Force Amazon To Issue A Food Waste Report

March 2, 2018: 12:00 AM EST
A mutual fund company with an environmental conscience has petitioned the U.S. Securities and Exchange Commission (SEC) to compel Amazon.com’s shareholders to vote on a proposed food waste report. Boston-based Green Century Capital Management says it has worked with Kroger, Costco and other retailers on food waste; Safeway, Publix, Ahold USA, and Target have all addressed the issue. According to the company, which had begun talking about the issue with Whole Foods Market management before last year, it sent a letter to Amazon’s management and board outlining its concerns. But when Amazon said it did not want to issue a food waste report, Green Century filed a shareholder resolution asking that the proposal be voted on by shareholders. Amazon has challenged the shareholder request to the SEC. [Image Credit: ©   Green Century]
Richard Turcsik, "Amazon Latest Retailer Being Prodded on Food Waste", Supermarket News, March 02, 2018, © Informa USA, Inc.
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