Apple will modify executive bonuses based on environmental values in 2021

SAN FRANCISCO: Apple Inc said in its annual proxy filing on Tuesday that it will modify executive cash bonuses based on whether the executives act within the company’s social and environmental values.

But the iPhone maker did not specify how it would evaluate progress toward the company’s publicly stated targets such as removing carbon from its supply chain.

Apple lists six values that include environmental practices such as using recycled materials in products, diversity and inclusion among its workforce and the privacy and security of its devices.