Netflix Boards Recommends ‘No’ Votes On Two ‘Anti-Woke’ Proposals

BusinessMediaNetflix Boards Recommends ‘No’ Votes On Two ‘Anti-Woke’ ProposalsByRick Ellis,Contributor.Forbes contributors publish independent expert analyses and insights. The global media business, from streaming to linear TVFollow AuthorApr 23, 2026, 05:26pm EDTDead End: Paranormal Park. Alex Brightman as Pugsley in Dead End: Paranormal Park. Cr. COURTESY OF NETFLIX © 2022COURTESY OF NETFLIXNetflix shareholders are set to vote on a number of proposals during the upcoming annual meeting of the Netflix Board of Directors. Including two that focus on subjects that are of great interest to politically conservative groups and critics of the company.The first proposal (proposal #5 on the agenda) asks for the issuance of an ESG ROI report. The proposal requests that the Board of Directors publish a report disclosing the extent to which the Environmental, Social, and Governance (ESG) investments identified in the 2024 ESG Report were authorized and are maintained based on Net Present Value (NPV) and Return on Investment (ROI) calculations.The proposal argues Netflix is devoting financial resources to ESG projects which don’t provide a reasonable rate of return.Here are the examples given in the proposal:1. Sustainable Aviation Buyers Alliance (SABA): The Company is a co-founder of SABA, participating in a collective commitment of nearly $200 million to purchase Sustainable Aviation Fuel (SAF) certificates. The Report states the goal is to “send market signals” to producers, but subsidizing a nascent market to send signals sounds like an economic policy action not a corporate investment strategy. There is apparently no evidence this premium expenditure was authorized based on an NPV calculation justifying the cost against standard procurement. 2. Fund for Creative Equity: This initiative represents a $100 million commitment, with approximately $57 million invested by the end of 2024. Success is reported strictly through non-financial metrics, such as “25k+ people supporte...