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Maroc Maroc - WN.COM - Business - 23/Feb 18:27

Apple quietly removes environmental metrics from executive pay

Two years ago, many of America’s largest companies began stripping diversity targets out of executive pay packages. Now, environmental measures—including goals tied to climate emissions—are beginning to face a similar fate. Apple Inc. quietly dropped a so-called “ESG modifier” from its 2025 pay packages for Chief Executive Officer Tim Cook and other top executives, according to a corporate filing last month. The provision, in place since 2021, had allowed Apple’s board to adjust annual bonuses up or down by as much as 10% depending on the company’s performance on a variety of measures, including greenhouse-gas reductions and renewable energy use among suppliers. Apple’s move follows similar...

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