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Apple could cut, or raise, executive bonuses by 10% based on their performance on environmental and social issues in 2021
Apple could cut, or raise, executive bonuses by 10% based on their performance on environmental and social issues in 2021
Grace DeanJan 6, 2021, 16:47 IST
Apple s CEO Tim CookKarl Mondon/Digital First Media/The Mercury News via Getty Images
Apple will adjust 2021 exec bonuses by up to 10% either way based on their performance against social and environmental values, it announced Tuesday.
The environmental, social, and governance modifier will vary bonuses based on the company s six core values: accessibility, education,
environment, inclusion and diversity, privacy and security, and supplier responsibility, it said.
Karl Mondon/Digital First Media/The Mercury News via Getty Images
Apple will adjust 2021 exec bonuses by up to 10% either way based on their performance against social and environmental values, it announced Tuesday.
The environmental, social, and governance modifier will vary bonuses based on the company s six core values: accessibility, education, environment, inclusion and diversity, privacy and security, and supplier responsibility, it said.
Apple did not say exactly how it would measure performance against these values.
Apple also disclosed that its top five executives earned a combined $120 million last year, and CEO Tim Cook s pay package rose 28% from 2019.
Apple will partly decide 2021 bonuses for executives based on their performance against social and environmental standards, it said Tuesday.
Apple s supplier in China accused of using forced Uyghur labourers
Lens Technology Co., a key supplier of touch screens for Apple, used thousands of Uyghur labourers from the predominantly Muslim region of Xinjiang in China, according to an investigation by Tech Transparency Project (TTP).
| 1 Jan 2021 4:32 AM GMT
SAN FRANCISCO: Lens Technology Co., a key supplier of touch screens for Apple, used thousands of Uyghur labourers from the predominantly Muslim region of Xinjiang in China, according to an investigation by Tech Transparency Project (TTP).
This is not the first time Apple s supply chain has been linked to alleged forced labour from the Xinjiang region, said the The Washington Post which first reported the TTP findings this week.
Apple’s longtime supplier accused of using forced labor in China
Sun Online Desk
1st January, 2021 08:35:57
Employees in the workshop of Lens Technology in 2015 in Liuyang, a city in China’s Hunan province. (AFP/Getty Images)
One of the oldest and most well-known iPhone suppliers has been accused of using forced Muslim labor in its factories, according to documents uncovered by a human rights group, adding new scrutiny to Apple’s human rights record in China.
The documents, discovered by the Tech Transparency Project and shared exclusively with The Washington Post, detail how thousands of Uighur workers from the predominantly Muslim region of Xinjiang were sent to work for Lens Technology. Lens also supplies Amazon and Tesla, according to its annual report.