SYNOPSIS ON CSR POLICIES OF APPLE INDIA PRIVATE LIMITED

CORPORATE SOCIALRESPONSIBLITIES

CORPORATE SOCIAL RESPONSIBILITY is about how companies manage the business processes to produce an overall positive impact on society. CSR also called corporate conscience,corporate citizenship or responsible business  is a form of corporateself-regulation integrated into a business model. Corporate Social Responsibility (CSR) has emerged as a paramount aspect of business practices that need to be addressed bybusinesses in an effective manner. Apple releases Supplier Responsibility Progress Report annually and it includes the details of CSR programs and initiatives engaged by the company.

INTRODUCTION TO APPLE INC

Technology company :-apple.com

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. 

Customer service:-008001009009

CEO:-Tim Cook

Stock price: AAPL (NASDAQ)  US$ 96.91  +0.15 (+0.16%)Founded: April 1, 1976, Cupertino, California, United States

Headquarters: Cupertino, California, United States

Revenue: 233.7 billion USD (2015)

Founders: Steve Jobs, Ronald Wayne, Steve Wozniak

Subsidiaries: Beats Electronics, Apple Store, FileMaker Inc., more

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. Its hardware products include the iPhone smartphone , the iPad tablet computer, the Mac personal computer, the iPod portable media player, and the Apple Watch smartwatch . Apple's consumer software includes the OS X and iOS operating systems, the iTunes media player, the Safari web browser , and the iLife and iWork creativity and productivity suites. Its online services include the iTunes Store, the iOS App Store and Mac App Store, and iCloud.Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976, to develop and sell personal computers.[6] It was incorporated as Apple Computer, Inc. on January 3, 1977, and was renamed as Apple Inc. on January 9, 2007, to reflect its shifted focus toward consumer electronics. Apple (NASDAQ: AAPL) joined the Dow Jones Industrial Average on March 19, 2015.[7]

The table below illustrates highlights from the latest report for 2014:

Categories of CSR activities

Apple Performance

Educating and empowering workers

Apple education and development program

is offered free of charge by 18 factories and more than 280,000 workers took various courses

Labor and human rights

Apple enforces The Supplier Code of Conduct that is claimed to be the toughest in the electronics industryCompany

has achieved an average 95% compliance among suppliers to maximum 60-hour workweek

Apple has investigated cases of abuses of foreign workers and the company has required suppliers to reimburse affected “foreign contract workers US$3.9 million in excessive fees paid to labor brokers, bringing our total reimbursements since 2008 to US$16.9 million”

Health and safety The company has launched Apple Supplier EHS Academy, an 18-month program that aims to improve employee health and safety in the industry throughout the globe. 240 suppliers and 270,000 workers have participate in this program.Research has been conducted in Apple’s ergonomics department on about 75 jobs within supply chain to identify egronomic risks. The research has resulted in improved standards for managing workstation design changes.

Environmenta) energy consumption

Apple is often praised for its environmental records that include decrease of total power consumption of Apple products by 57%, introduction of Mac mini as the world’s most energy-efficient desktop computer and exceeding

 

 

 

b) water consumption

ENERGY STAR guidelines.

Apple emerges as the only company that has been awarded with a Clean Energy Index of 100%, according to Greenpeace’s Clicking Clean Report.

Pilot version of Clean Water program launched in 2014 with 13 supplier sites, who collectively use more than 41 million cubic meters of water per year.

CSR OF APPLE INCIn accordance with Section 135 of the Companies Act, 2013 and the rules promulgated thereunder (collectively, the “CSR Requirements”), the Board of Directors (the “Board”) of Apple India Private Limited (the “Company”) has adopted this Corporate Social Responsibility Policy (the “CSR Policy”).

CSR Projects and Programmes:-

The Company shall undertake specific corporate social responsibility (“CSR”) projects and programmes, as approved from time to time by the Board in its capacity as the CSR Committee of the Company, within the following CSR categories:

• Promoting education, including special education and employment enhancing vocational skills and livelihood enhancement projects;

• Ensuring environmental sustainability;

• Promoting gender equality and women’s empowerment;

• Promoting healthcare including preventive healthcare;

• Contributing to – or funding – technology incubators located within academic institutions which are approved by the central government of India from time to time;

• Providing disaster relief under applicable items in Schedule VII of the CSR Requirements; and

• Providing financial assistance to reputable non-governmental organisations (“NGOs”) working in any of the above indicated areas.

All CSR projects and programmes shall be carried out only in India. No specific CSR projects or programmes shall be undertaken in pursuance of normal course of business of the Company.

In furtherance of specific CSR projects or programmes, the Company may collaborate with NGOs and other like-minded stakeholders, including other companies, registered trusts and societies, in order to leverage upon the collective expertise, wisdom and experience that such relationships may bring. Set forth on Appendix A to this CSR Policy are the specific projects and programmes approved by the Board in furtherance of the above CSR categories. Appendix A shall be updated from time to time as necessary to reflect additions and revisions.

Budget:-

In accordance with CSR Requirements, the Company shall seek to spend annually 2 per cent of the average net profits of the Company, made during the three immediately preceding financial years, on specific CSR projects and programmes. The Company shall take steps to ensure that any surplus arising out of the Company’s CSR projects and programmes or activities shall be set aside for later use in CSR projects and programmes and in no event shall form part of the Company’s business profits.

Administration:-

The Company’s CSR projects and programmes shall be overseen by a separately designated CSR committee of the Board, provided, however, that so long as the Board consists of two directors, such CSR committee shall consist of both directors (hereinafter, the “Committee”). 1 Apple India Private Limited Corporate Social Responsibility Policy (as of 21 July 2015) Corporate Social Responsibility Policy of Apple India Private Limited .

Monitoring and Reporting:-

Under the direction of the Committee, the Company shall implement a monitoring mechanism over the Company’s CSR projects and programmes.

Such monitoring mechanism shall, among other things, make transparent the manner and details of the implementation of all CSR projects and programmes undertaken by the Company. 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 matters, as required by CSR Requirements.

Amendments to CSR Policy

The Committee shall review this CSR Policy on a periodic basis and shall update it as necessary or appropriate (subject to approval by the Board, if applicable) to ensure that it reflects CSR Requirements as well as the current interests of the Company and relevant stakeholders.

CSR ACTIVITIESName of Particular Project or Programme

Brief Description of the Way in which the Project or Programme Will Be Carried Out

Anticipated Implementation Schedule

Rural solar electrification, primary-level education and livelihood training

The Company may undertake, through funding or other means, one or more of the following activities, in collaboration with or through one or more NGOs: • installation and maintenance of solar electrification devices in under-served rural communities; • training of local women as solar engineers to perform installation & maintenance; • establishment of schools for rural children; • training of local women in livelihood skills (e.g., handicrafts); and/or • enhancement of curricula and teaching approaches through use of technology for use in the promotion of rural solar engineer training and rural education.

Beginning May/ June 2015

Education to children of low income communities

The Company may undertake, through funding or other means, the following activities, in collaboration with or through one or more NGOs: • delivery of high-quality education to low-income communities, with a focus on primary education, initially in one or more of Bangalore, Ahmedabad, Pune, and Mumbai, but potentially other or different locations as may be determined; • addressing environmental issues in the local communities in which schools and teachers in connection with the foregoing operate; and/or • enhancement of curricula and teaching approaches through use of technology for use in the promotion of low-income high-quality education.

Beginning May/ June 2015

Special Education The Company may undertake, through funding or other means, one or more of the following activities, in collaboration with or through one or more NGO’s: • Supporting an exploratory study on the impact of tablet computers on the education of vision-impaired young people

The Special Education programme is anticipated to begin in September 2015 or the reabouts

“You can’t just ask customers what they want

and the try to give that to them.

By the time you get it built,

they’ll want something new.”

Steve Jobs

(CEO,Apple)

THANK YOU