UNITED PARCEL SERVICE INC

This proposal asks the board to take steps so that all outstanding UPS shares carry one vote per share, including negotiating with holders of multi-vote shares to relinquish excess voting rights if necessary. The proponent argues the current dual-class structure gives some share classes (Class A) ten votes per share versus one vote for Class B, which they say reduces shareholder voice and accountability. The proposal notes increasing investor support over time and requests the board craft a lawful transition (proponents have suggested up to a seven-year transition). If implemented, the change would eliminate the differentiated voting power currently embedded in UPS’s capital structure.

This proposal requests that UPS engage an independent third party to evaluate and disclose how UPS operations affect Black, Indigenous and People of Color (BIPOC) and low-income communities, omitting proprietary information and at reasonable cost. The proponent cites EPA RCRA violation data and recent enforcement penalties as indicators of environmental justice risks and potential legal, reputational and financial consequences. The requested evaluation is intended to identify adverse impacts, inform mitigation actions and improve transparency for investors and affected stakeholders. The report would supplement existing disclosures and aim to guide remediation, compliance and community engagement efforts.

This proposal asks UPS to publish a report, prepared at reasonable cost and omitting proprietary information, describing if and how the company plans to align its operations and investments with its stated goal of achieving carbon neutrality by 2050. The request cites concerns that UPS’s emissions intensity has increased, that a minority of capital expenditures support sustainability objectives, and that continued investment in fossil-fuel technologies could lock in emissions and stranded-asset risk. The proponent also notes peer practices (e.g., scenario analysis, science-based targets, linking sustainability to executive pay) and requests greater investor transparency on transition planning, capital allocation, and milestones for fleet decarbonization and fuel strategy. Such a report would aim to clarify strategic alignment of operations, investments, and climate commitments.