Apple and independent third-parties audited the company's global suppliers in 2020 and found no evidence of forced labor, its latest proxy filing said. Apple also releases reports with information on the protection of its supply-chain workers.
But independent human rights investigators have reported that some Apple suppliers have participated in the Chinese government's forced labor program in the Xinjiang region, "bringing into question the effectiveness of these policies and procedures," ISS said in a report to investors issued Tuesday.
A group of shareholders has asked Apple's board to prepare a report on how the company protects supply-chain workers from forced labor. The request covers the extent to which Apple has identified suppliers and sub-suppliers that are a risk for forced labor, and how many Apple has taken action against.
"The big picture dream is that Apple puts in place a much more solid set of policies and procedures, eliminating forced labor from its supply chain and living by its code of conduct which says it has zero tolerance for forced labor," said Vicky Wyatt, campaign director for Squamous, a group supporting the shareholder proposal.
The U.S. Securities and Exchange Commission in December declined an effort by Apple to skip the shareholder proposal. That same month, American lawmakers passed a bill banning imports from China's Xinjiang region over forced-labor concerns.
Apple declined to provide more details, but its proxy said the company rigorously evaluates labor and human rights risks associated with prospective suppliers before signing them up. Apple and independent third-parties audited the company's global suppliers in 2020 and found no evidence of forced labor, its latest proxy filing said. Apple also releases reports with information on the protection of its supply-chain workers.
But independent human rights investigators have reported that some Apple suppliers have participated in the Chinese government's forced labor program in the Xinjiang region, "bringing into question the effectiveness of these policies and procedures," ISS said in a report to investors issued Tuesday.
A group of shareholders has asked Apple's board to prepare a report on how the company protects supply-chain workers from forced labor. The dollar rebounded and the safe-haven Swiss franc rose as a mood that had improved on news late on Thursday that U.S. Secretary of State Antony Blinked would meet with Russian Foreign Minister Sergei Lvov next week darkened again.
The dollar rebounded and the safe-haven Swiss franc rose, as a mood that had improved on news late on Thursday that U.S. Secretary of State Antony Blinked would meet with Russian Foreign Minister Sergei Lvov next week darkened again. The dollar index, a measure of the greenback to six major trading currencies, rose 0.301%, while the euro against the franc fell 0.19%. The two currencies often are recipients of a flight to safety during times of crisis. Germany's foreign minister, Annalisa Bareback, said all options were on the table regarding sanctions on Russia if it attacks Ukraine, including the lord Stream 2 pipeline intended to bring Russian gas to Germany. Investors are waiting for the three-day weekend to be over to assess an equity market already weaker on the outlook that rising interest rates will hurt growth stocks.
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