Apple shareholders call on company to reverse “anti-competitive redress policies”
A recently filed Apple shareholders’ resolution pressured the company to reverse its “anti-redress practices,” which it said conflict with Apple’s reputation as a climate leader.
US PIRG, a public interest research federation, and Green Century Capital Funds, its associated mutual fund company, recently filed resolutions with Apple and John Deer asking them to report on their “investment policies. anti-competitive remedies “.
The resolution calls Apple’s combination of promoting sustainability while preventing repairs as “dishonest.” He adds that the Cupertino tech giant “risks losing its reputation as a climate leader” if it does not reverse its restrictive remedies policies.
Additionally, the resolution targets Apple’s intensive lobbying against right to repair legislation across the United States.
E-waste is one of the fastest growing waste streams in the world, according to a study cited by Green Capital Funds. In addition, he points out that internet devices will account for 14% of all greenhouse gas emissions by 2040.
“Consumers want to reduce their own carbon footprint by repairing their electronics, and Apple needs to help them do that,” said Leslie Samuelrich, president of Green Century. “It’s what’s best for the business, its consumers and the planet.”
Earlier in 2021, new right to repair legislation was introduced in the United States House of Representatives, marking the first time such a bill has been introduced nationally.