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Apple - Essay Example

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Apple enjoys the fifth position in the Fortune 500 list with a market valuation of $479069 million (Fortune 500. 2014). According to the…
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Apple follows the highest standards of social responsibility and ethical conduct and also wants their suppliers to do the same. The business conduct of Apple states four primary practices: Honesty, Respect, Confidentiality and Compliance. All business dealings should be conducted with honesty and ethics. All the co workers in the entire management should be treated with respect. Confidential information about the company and its customers must be protected. All the business decisions should comply with applicable laws and regulations. Apple practices highest standards of ethics in all its endeavors. The employees must not involve in any types of corruption, bribery, extortion in order to obtain any advantage. All their business activities should be recorded in details and be disclosed without any alterations. Anonymous complain management mechanism should be implemented to help workers report about workplace grievances. All intellectual property rights and confidentiality of customer information should be respected.
The suppliers of Apple are required to create safe working environment for the workers, treat them with respect and dignity and use environmental friendly practices, wherever Apple product are made or their services are provided. To assess the compliance to these codes of conduct, Apple performs surprise audits to the supplier units and the supplier is found to violate the standards, it will jeopardize the business relationship.
According to the Supplier Code of Conduct, the supplier should not discriminate any worker on the grounds of age, disability, gender, race, religion, sexual orientation, etc. The work place should be free from all types of harassments and threats. Suppliers must ensure that all the workers are working on their own free will. There shall be no under aged labor in the factories or in any process of the operation. Legal juvenile workers should not be given tasks that can put their health ... Read More
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