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Apple adding ESG modifier to executive bonus schemes

by: Sabrina Clarke

"Tim Cook sold $750m of Apple stock after completing decade as chief."

While this was the headline of the FT article, the actual headline for me is that Apple is adding an ESG modifier to its executive bonus schemes.

In January, Apple said that it would add an "environmental, social and governance modifier" to its executives' annual bonus schemes, allowing the board to vary the cash payout by 10 per cent according to an assessment of "values-driven leadership".

ESG, inclusive Supply Chains are values-driven and commercial leadership. Apple has a long history of innovation, and I am pleased to see that they are also a leader in ESG.