Apple has demonstrated leadership in product design, particularly in raw material selection and energy efficiency. The company has achieved near elimination of polyvinyl chloride (PVC) and brominated flame retardants in all products in advance of any regulatory requirements. In addition, every Apple product exceeds ENERGY STAR specifications as a standard feature. Apple has made notable improvement in its take-back programs and now operates or participates in recycling programs in the countries where more than 95% of its products are sold.
The company first disclosed its greenhouse gas emissions inventory in 2009 through the Carbon Disclosure Project, but in 2011 the company declined to respond. Portfolio 21 has asked Apple to increase its level of transparency by committing to comprehensive sustainability reporting, including establishing reduction targets for its key performance indicators.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/13 and may not reflect current opinions or subsequent events.