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Tuesday, May 7, 2024

Apple ties exec bonuses to social, environmental values

The logo of the Apple company, which plans to ties it executive bonuses to social and environmental values

SAN FRANCISCO – Apple is making environmental and social values factors it will weigh when calculating bonuses for top executives, according to a regulatory filing on Tuesday.

The change taking effect this year is intended to motivate Apple executives “to meet exceptionally high standards of values-driven leadership in addition to delivering strong financial results,” the Silicon Valley technology titan said in proxy documents filed with the Securities and Exchange Commission.

Financial targets and thresholds for executive bonuses at Apple will not change, the iPhone maker said.

“Beginning in 2021, an environmental, social, and governance modifier based on Apple Values and other key community…

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