What you need to know
- Apple is changing how its executives get their cash bonuses.
- The company is incorporating environmental and social goals into its bonus structure.
As reported by Reuters, Apple has said in an annual proxy filing that it will be making some changes to the cash bonuses for its executives. According to the filing, bonuses will begin to be earned if progress is made towards the company's social and environmental goals.
The filing says that the changes will go into effect this year.
The company's bonus structure used to be based mostly on financial results, so this is another strong indicator that Apple is taking its commitment to the environment and social initiatives seriously. The company says that it hopes the changes further push its executives to follow values-driven leadership.
Apple has made a number of environmental moves in recent history. The company removed the power adapter and headphones from the box of the iPhone. All of the company's retail and corporate locations run on renewable energy. The company has also set a goal to become completely carbon neutral by 2030.
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Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.