Apple Inc. removed a provision from executive compensation packages allowing for a 10% annual bonus adjustment based on environmental, social, and governance (ESG) metrics.
The change affects CEO Tim Cook and other senior executives starting in 2025.
This decision aligns Apple with major corporations like Starbucks and Salesforce that are decoupling executive pay from diversity and environmental targets.
Apple disclosed the shift in a recent corporate filing while maintaining its commitment to broader environmental goals.
The move marks a retreat from a mechanism previously considered a primary driver for corporate climate action.