Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, peripherals, networking solutions and third-party digital content and applications.
Since the company’s inception, Apple has repeatedly revolutionized the technology landscape with its innovative and high quality products. Increasingly, the company has focused on doing so in an environmentally and socially responsible manner. In terms of the environment, Apple mitigates the impacts of its products through continual improvements in efficiency, advancements in green chemistry and materials, and responsible disposal at the end of life. The company also reduces its direct impacts by implementing energy, water and waste conservation strategies and sourcing renewable energy for nearly all of the company’s operations. For example, Apple recently completed the largest solar procurement deal ever for a non-utility company and is set to meet 100% of electricity demand for its Cupertino campus with on-site renewables. In addition, Apple has made significant strides in managing its supply chain, both with respect to fair labor concerns and conflict mineral sourcing. Lastly, the company’s data security system has received a TRUSTe certification and the company demonstrates a strong commitment to protecting consumer data.
Apple has received criticism for some of its human capital management practices. In particular, the company’s compensation for retail employees is moderate and workforce diversity across business segments remains low. Apple has also faced litigation across a number of issues and recently settled an antitrust class action lawsuit.
Industry: Information Technology
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.