Apple to Reflect ESG Performance in Executive Bonuses Starting This Year

Adjustment of Bonus Payment Within a 10% Range

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] Apple has decided to reflect ESG (Environmental, Social Responsibility, and Governance) management performance when determining cash bonuses for executives starting this year.

According to major foreign media on the 5th (local time), Apple announced in the notice of agenda for the shareholders' meeting released that day that from this year, it will evaluate executive efforts to implement six values, including environmental factors such as the use of recycled paper, diversity, employee integration, and device security, and reflect these in the calculation of cash bonuses.

Apple explained that the Board Compensation Committee will adjust the cash bonus payment amount within a 10% range based on executives' ESG management performance related to Apple's values and other key social agendas. However, it did not mention specific evaluation methods.

In July last year, Apple released its "Environmental Progress Report," announcing that it would achieve zero carbon emissions by 2030 in collaboration with global partners. At that time, Apple stated it plans to reduce carbon emissions by 75% and develop carbon removal solutions for the remaining 25%.

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