Apple links pay to ESG goals

Apple will adjust executive remuneration according to how well the corporate does against a raft of ESG criteria.

In its Notice of 2021 Annual Meeting of Shareholders and Proxy Statement, Apple states: “We are proud of our commitment to leaving the world better than we found it, leading with values and integrity, and creating innovative products for our customers, while delivering strong financial results for our shareholders.”

Some of this rhetoric finds a firmer vase in its statement on executive compensation, where the firm will apply an environmental, social, and governance modifier based on “Apple values” and key community initiatives, with up to 10 per cent of bonuses being determined this way. However, it has not stated exactly how these values are balanced, how they related to stated goals on carbon in the supply chain or indeed exactly what they are.

Apple, with a board that includes former VP and climate campaigner Al Gore, has previously announced plans to cut carbon emissions holistically from its entire operations and supply chain or use offsetting.

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