PHILADELPHIA — A shareholder advocacy group is pushing Comcast and Amazon to examine why they don’t offer more ”sustainable” funds to employees through their 401(k) retirement plans, arguing that the lack of such options is out of sync with the stated climate goals at each company.
The proposal would require the board of each company to produce a report on the issue. As You Sow brought the measure and it received a green light from the Securities and Exchange Commission to go up for an investor vote at this year’s annual meetings — Amazon’s on May 25 and Comcast’s on June 1.
The companies are both opposed to the measure and had asked the SEC to allow them to exclude it from a vote.
