Question

For the publicly traded U.S. company Apple (AAPL), explain the role of ethics and regulatory considerations in operating globally.

Answer 1

Answer :-

When your company operates on a global scale, you interact with cultures and commercial systems different from those of your home market. Business decisions have to take into account ethical considerations, or your reputation may suffer to such an extent that you have to exit the market. Putting in place an ethical framework to guide your decisions in these unfamiliar markets ensures that your business interests remain firmly based on socially responsible principles.

It’s Apple’s mission to make sure that anyone who assembles, uses, or recycles an Apple product can do so safely. We have led the industry in removing many harmful substances from our product designs, and we go to great lengths to make sure that they stay that way. We are constantly designing our products to be better for the environment, better for the people who use them, and better for the people who make them. This Regulated Substances Specification describes Apple’s global restrictions on the use of certain chemical substances or materials in Apple’s products, accessories, manufacturing processes, and packaging used for shipping products to Apple’s end-customers. Restrictions are derived from international laws or directives, regulatory agency or ecolabel requirements, and Apple policies. Apple’s restrictions may go beyond regulatory requirements in order to protect human health and the environment. This specification is not an exhaustive list of all chemicals of concern. Apple suppliers should take action to understand the human health and environmental impacts of all chemicals used in the manufacturing process and present in parts and materials supplied to Apple. Suppliers should take action to reduce or eliminate the use of chemicals of concern listed in this specification as a first step. We hold our suppliers accountable by conducting factory audits, testing components with independent laboratories, and verifying the results at our own in-house laboratory.