Csr of apple

corporate social responsibility of apple company.
history overview and introduction

1. CORPORATE SOCIAL RESPONSIBILITY Corporate social responsibility is a concept whereby companies decide voluntarily to contribute to a better society and a cleaner environment. Corporate social responsibility is represented by the contributions undertaken by companies to society through its business activities and its social investment.

2. The term 'Corporate Social Responsibility' is imprecise and its application differs. CSR refers not only to the compliance of human rights standards, labour and social security arrangements, but also to the fight against climate change , sustainable management of natural resources, consumer protection, philanthropy and volunteering.

3. TYPES OF CSR POLICIES Economic Responsibilities -  A business exists to make a profit for shareholders. If it fails to do so, it likely won’t be able to pay its employees, taxes and other obligations. A corporate social responsibility program (CSR program) cannot be implemented until a business is profitable. Legal Responsibilities -  Following the law is the foundation of corporate responsibility. A company cannot benefit society if it does not adhere to labor and tax laws or applicable industry regulations.

4. Ethical Responsibilities -  Once a company is profitable and meets its legal responsibilities, it can move up the ladder to ethical responsibilities, which might include paying higher wages, offering employees better benefits, avoiding trade with unscrupulous companies or providing jobs to those who would otherwise have difficulty finding work. Philanthropic Responsibilities -  As a company meets its economic, legal and ethical responsibilities, it can consider taking on philanthropic responsibilities. Corporate philanthropy ranges in size and scope, and can include everything from donating time to a local charity to building a children’s hospital.

5. DIMENSIONS OF CORPORATE SOCIAL RESPONSIBILITY Business Ethics, values and principles . Accountability and transparency (Legal compliance). Commitments to socio-economic developments. Environmental concerns. Human rights. Workers rights and welfare. Market relations. Sustainability. Corporate Governance.

6. APPLE INC Apple is an American multinational technology company headquartered in Cupertino, California that designs, develops, and sells consumer electronics, computer software, and online services. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell personal computers.[6] It was incorporated as Apple Computer, Inc. in January 1977, and was renamed as Apple Inc. in January 2007 to reflect its shifted focus toward consumer electronics

7. APPLE’s CSR POLICIES Apple inc. S upporting L ocal Communities. “Global Volunteer Program” was launched in 2011 to encourage employees to volunteer in local communities. Since it’s launched more in than 8 countries and USD 78bn was donated to charities and non profits around the world .

8. APPLE INC EDUCATING AND EMPOWERING WORKERS Apple education and development program is offered free of charged by 18 factories and more than 2,80,000 workers took various courses in 2016. Under the leadership of Denise Young Smith, as the Apple’s vice president for HR, Apple has expanded it’s employee benefits programs to considerable extent.

9. EMPLOYEE HEALTH AND SAFETY AT APPLE INC The apple has launched apple supplier EHS academy, and 18 months program that aims to improve employee health and safety in the industry throughout the globe . Research has been conducted in apples ergonomics department on about 75 jobs within supply chain to identify ergonomics risks. The research has resulted in improved standards for managing workstation design changes.

10. APPLE INC. AND GENDER EQUALITY AND MINORITIES Apple employees are 32 percent female, 9 percent black and 12 percent his panic. Out of a global workforce of 125,000, 37 percent of new hires in the last 12 months were women. Out of US workforce of 80000, 27 percent of hires came from underrepresented minority groups in the last year. The company has reached equal pay to employees in 2016.

11. ENERGY CONSUMPTION BY APPLE INC. Apple is often praised for its environmental records that include decrease of total power consumption of apple products by 57 percent, introduction of Mac mini as the world’s most energy efficient desktop computer and exceeding ENERGY STAR guidelines. Apple Inc. is sourcing or generating enough renewable energy to cover 93 percent of the electricity used at its facilities worldwide The company is now 100 percent renewable energy in 23 countries

12. WATER CONSUMPTION BY APPLE INC. The company launched clean water program in 2013 and in 2015, 73 supplier facilities joined the program to increase the efficiency of their water usage. In 2015 the company converted about 120,000 square feet of previously grass lawns to drought-tolerant landscape, translating to estimated water savings of up to 6 million gallons per year.

13. WASTE REDUCTION AND RECYCLING BY APPLE INC. Apple offers recycling programs in 99 percent of the countries it operates and the company has diverted more than 508 million pounds of electronic waste from landfills since 2008. In 2015, more than 99 percent of Apple product packaging was done from recycled paper or papers sourced from sustainably managed forests. Apple is working with more than 160 recycling companies around the world and in 2015 it collected nearly 90 million pounds of e-waste through its recycling programs.

14. CARBON EMMISIONS BY APPLE INC. The company o ffers employees more than 550 electric vehicle charging ports for free, an increase of 67 percent compared to the previous year to encourage the usage to encourage the usage of electric vehicles. The company’s CO2 emissions per product has been consistently decreasing during the last four years to reach 114.2 kg in 2015.

15. RED PHONE For 10 years, It’s partnership with (RED) has supported HIV/AIDS programs that provide counseling, testing, and medicine that prevents the transmission of HIV from a mother to her unborn child. So far, They have raised over $130 million through the sale of their (RED) products. Now they are introducing iPhone 7 (PRODUCT)RED™ Special Edition. Every purchase brings us a step closer to an AIDS free generation

16. BUDGET In accordance with CSR requirements, the company shall seek to spend annually 2% of the average net profits of the company made during the three immediately preceding financial years on specific CSR projects and programmes. The co. shall take steps to ensure that any surplus arising out of the companies CSR projects and programmes or activities shall be set aside for later use in CSR projects

17. MONITORING AND REPORTING Under the direction of the committee. The co. shall implement a monitoring mechanism over the companies CSR projects and programmes. Such monitory mechanism shall, among other things, make transparent the manner and details of the implementation of all CSR projects and Programmes undertaken by co. The Board shall receive periodic reports from the committee on the status of the company’s implementation of specific CSR projects and programmes On an annual basis the board shall report to relevant stakeholders on the company’s CSR projects and programmes and related methods as required by CSR requirements

18. AMENDMENTS TO CSR POLICY The committee shall review this CSR Policy on the periodic basis and shall update it as necessary or appropriate to ensure that it reflects CSR requirements as well as the current interests of the co. and relevant stakeholders.