Notice of 2021 Annual Meeting of Shareholders & Proxy ...

1 Notice of 2021 Annual Meetingof Shareholders & Proxy Statement9:00 , Pacific TimeWednesday, May 26, 2021 Virtual Meeting Impact HighlightsOurPeopleIn 2020, Amazoncreated approximately 500,000 jobsfor people with all types of experience, education, and skill levels. Inaddition to offeringstarting pay of at least $15 per hour in the , more than double the federal minimum wage, Amazonofferscomprehensive benefits, including health care coverage, parental leave, ways to save for the future, and other resourcesto improve health and well-being. Regular full-time employees get the same health care benefits as our most senior executivesstarting on their first day on the top priority during the COVID-19 pandemic has been to help ensure the health and safety of our approximately millionemployees worldwide and to deliver for customers.

2 We areworking to achieve this by: Providingover $ billion in bonuses and incentives toour front-line employeesand establishing arelief fundfor delivery drivers and seasonal associates. Makingover 150 process updatesacross operations,including enhanced cleaning, social distancing measures,disinfectant spraying, and temperature checks, as wellas providing masks and gloves. Launching voluntary,free on-site COVID-19 testingathundreds of sites and conductingtens of thousandsof tests a dayto keep our front-line employees safe. Providing anup-to-$80 benefit to hourly employees inthe who get a COVID-19 vaccineoff-site. Wehave also begun building on-site vaccination options atmany of our operations believe our future is diverse, inclusive, and accessible across every color, gender, belief, origin, and community.

3 We reconstantly learning and innovating and our long-term efforts in diversity, equity, and inclusion are no different, including: Doubling the number of Black directors and vice presidentsin 2020 and again in 2021 through effective executivedevelopment and recruitment programs. Amazon recruits diverse talent through a number of initiatives, including partnershipswith groups like AfroTech and Lesbians Who Tech, collaborating with Management Leadership for Tomorrow, and committingto the Historically Black Colleges and Universities Partnership Challenge. Makingdirect donations and matching employee donations to organizations focused on combating systemic racismthrough the legal system as well as those dedicated to expanding educational and economic opportunity for Blackcommunities, such as Black Lives Matter, Brennan Center for Justice, and the NAACP.

4 Having12 employee-led affinity (resource) groupswith more than 90,000 members across hundreds of alsoemploys over 40,000 veterans and military spouses in the is committed to supporting the militaryveteran community. This includes building long-term and innovative programs that address the community s greatest challenges,including mental health awareness, suicide prevention, and provides skills training and upskilling opportunities to help adult learners and employees advance in their milestones include: Announcing that40,000 employees have participated in Career Choice, a program that prepays tuition for in-demandfields. Continuing to deliver Upskilling 2025, a$700 million commitment to help 100,000 employeesgain technical skills sothey can move into higher-skilled, better-paying roles.

5 Announcing plans to offerfree cloud computing skills training to 29 million peoplearound the world by 2025 to getthem ready for jobs in one of the fastest-growing industries. Promoting 35,000 employeesacross our operations network in more front-line employee from Amazon s pharmacy fulfillmentcenter in Arizona receiving a COVID-19 provide tools and resources to help small and medium-sized businesses grow their own companies. They re able toserve their communities, while providing more choice to customers around the world. We support a number of differenttypes of partners, including: Over million small and medium-sized businesses selling in Amazon s support the rapid growth ofsmall and medium-sized businesses from every state inthe and from more than 130 countries sellingtheir products in our store.

6 These businesses now makeup close to 60% of the sales in our store and have createdmore than million jobs globally as a result of sellingon Amazon. The 2020 holiday season was the best ever forindependent businesses selling on Amazon sellerssurpassed $ billion in worldwide sales from Black Fridaythrough Cyber Monday, growing about 60% from theprevious year. During the holiday season as a whole, smalland medium-sized businesses in the sold nearly onebillion products in Amazon s store. Over 2,400 Delivery Service Partners across Brazil,Canada, Germany, Ireland, Italy, Spain, the UK, and partners have created over 158,000 jobs intheir communities, and, since 2018, they ve delivered morethan billion packages worldwide and generated over$6 billion in revenue for their small businesses.

7 In 2020, Amazon announced a new diversity grant to help reduce thebarriers to entry for Black, Latinx, and Native American entrepreneurs offering $10,000 for each qualified candidate tobuild their own businesses in the Hundreds of thousands of small and medium-sized businesses, startups, and partners around the world launchand scale their businesses with Amazon Web Services ( AWS ).These businesses rely on AWS for highly reliable,scalable, secure, and low-cost infrastructure in the cloud. As part of the AWS Activate program, Amazon also provided morethan $1 billion in AWS credits during 2020 to help early-stage startups launch their businesses and accelerate theirgrowth.

8 With this help, startups are using reliable and secure cloud services like compute, storage, database, analytics,Internet of Things, machine learning, and many others from AWS to scale their businesses. Over 700,000 developers building for is an opportunity for builders, developers, and entrepreneurs toinnovate and build a voice-first business for the hundreds of millions of Alexa devices in customers hands. Skill developerscan earn more than $100,000 per year through in-skill purchasing. Millions of writers using Kindle Direct Publishing ( KDP ).KDP authors self-publish and distribute their books tomillions of readers around the world, choosing where they want to sell, setting their own prices, and earning up to 70%of every sale in royalties.

9 Since KDP launched in 2007, millions of authors from around the world have self-published millionsof books through the program many of whom are building incredibly successful writing careers as a result. In 2020,thousands of independent authors earned more than $50,000 through KDP, with more than 1,000 authors surpassing$100,000 in royalties. KDP authors have earned more than $ billion from participation in Kindle Unlimited since more small business BLK & Bold prepares specialty coffeeand tea for sale on are committed to and invested in sustainability because it s a win all around it s good for the planet, business, customers,and communities. From building the largest wind farm in rural Texas to deploying a new fleet of electric vehicles, we arereducing Amazon s carbon footprint across all our business operations and are leading the way for other companies todecarbonize Climate Pledge is Amazon s commitment to be net-zero carbon by 2040, and the Companyis on a path to powering its operations with100% renewable energy by 2025 five years earlier than our original targetof 2030.

10 The Climate Pledge has been signed by over 50 other companies that commit to the same goals, including Best Buy,IBM, JetBlue, Microsoft, Uber, Unilever, and is taking meaningful steps in its journey to be net-zero carbon by 2040 through significant investments in renewableenergy and sustainability initiatives, including: In 2020, Amazon became theworld s largest corporatepurchaser of renewable energy. The Company has187 solar and wind projects worldwide delivering morethan 20,000 gigawatt hours of renewable energy include 62 utility-scale wind and solar projects and125 solar rooftops on fulfillment centers and sort centersaround the globe. Amazon Web Services is also helpingother enterprises mitigate their environmental impact byproviding technology infrastructure that is times moreenergy efficient than many major companies dataoperations.