CSR PPT Script
CSR PPT Script
So, did you all that Apple besides being one of the most profitable companies in the world has been
alleged for human rights violations in both of its suppliers I.e., Foxconn and Pegatron.
HISTORY
Apple Inc. was established on 1 April 1976 in California, United States by Steve Jobs and
Steve Wozniak. In the late 1980s and early 1990s, it began to expand on the personal
computer industry.
It’s first-Generation iPhone was the biggest success when it was launched in 2007 by Steve
Jobs and with its cutting-edge technology and design and innovation, it became the market
leader in smartphone industry, enabling it to charge premium prices and obtain a very high
profit margin.
Since the debut in the smartphone industry, it had a great customer loyalty in that segment.
Apple customers were extremely loyal to the company's products, frequently purchasing
PCs and tablets in addition to the iPhone. According to a survey performed, nearly 60% of
3,000 iPhone users declared "blind loyalty" to their iPhone, with 78% saying they couldn't
"imagine having a different sort of phone."
Is Apple responsible for the alleged human rights violations that occurred?
Foxconn and Pegatron are Apple’s two key suppliers operating out of China, where, as per
various media reports, many human rights violations occurred. These human rights violations
included long working hours, low wage rates, poor labour practices, use of the juvenile
workforce, environment pollution and violation of women’s rights, etc.
In OUR opinion, Apple is responsible for the alleged human rights violations due to the
following reasons:
1. Apple is a key buyer for these suppliers, i.e., 40% of Foxconn’s revenue comes from
Apple. Hence, Apple holds substantial power over its suppliers and can get better
labour practices implemented by their suppliers.
2. ……………. To counter this, apple should ensure that while making their internal
estimates for various purchases, they should ensure that enough margin is left for the
suppliers so that they do not have to resort to unfair labour practices
3. As part of their Corporate Social Responsibility, they should ensure that the supplier
should declare that they will follow fair labour practices as part of their contract.
4. Apple is the world’s leading company in terms of valuation, cannot neglect is
corporate social responsibility, and it must keep an eye on what labour practices are
followed by its suppliers as Apple itself is indirectly responsible for that also.