The internet responded to Amazon's $13.7bn acquisition of Whole Foods with jokes about Alexa misunderstanding Jeff Bezos's request to 'buy me something from Whole Foods', instead buying the whole company.
Investors may not be laughing, however, unless Amazon - which claims to be Earth's most customer-centric company - can use its new acquisition to become a little more Earth-centric and use its vast reach and influence to help solve the problem of unsustainable protein supplies. Contrasting ESG profiles In recent years, Amazon has come under increasing investor pressure on many environmental, social and governance (ESG) issues. It endured a bruising battle with investors over its tax minimisation strategy, and is currently the subject of a shareholder campaign over its use of foam pack...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
