Failing the Grade: Amazon Today

Failing the Grade: Amazon Today

by Sr. Noreen Stevens

Steven Heim, managing director at Boston Common Asset Management recently wrote an article on Amazon’s failing grades on working conditions, labor practices, carbon emissions management, and fair competition.

The grade is based on their comprehensive set of environmental, social, and governance (ESG) guidelines. Heim agrees there is a lot to like about Amazon as an investor and shopper, but the company falls short with respect to working conditions, labor relations and environmental stewardship.

Amazon remains a formidable force but relies on a business model that externalizes enormous costs onto its workers, communities, the wider economy, and the environment. That’s a damaging tradeoff that undercuts whatever benefits it brings consumers and the greater good. That’s why we give it a failing grade [Heim’s emphesis].

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