Struggling Apple display-maker Japan Display has successfully secured bailout funding of 80 billion yen ($738 million).
The funding comes from Chinese investment firm Harvest Group and Hong Kong-based Oasis Management. It was previously reported that Apple would be part of this bailout package — to the tune of $100 million.
Apple came out with its 13th annual Supplier Responsibility Progress Report, giving an inside glimpse at some of the biggest issues it’s been battling.
The 66-page report is stuffed with interesting little facts, like how many gallons of water suppliers have saved and the amount of reduced greenhouse gas emissions. Apple admits it still has a lot of work to do, but the progress the company has made is pretty impressive. One of the biggest areas Apple emphasizes in its report is the people that work in the supply chain and the educational opportunities Apple is giving them.
Three more of Apple’s suppliers say they are committed to making the switch from energy generated from fossil fuels to using 100% renewable energy to make iPhone components.
Despite Donald Trump’s plan to roll back environmental regulations, Apple Inc is continuing on with the promises it made under the Obama administration. Even though it may cost more money initially, Apple’s partners are starting to realize the change is good for business too.
Apple performed more accountability audits on its workforce last year that it ever has before, the company has revealed in its 10th annual Supplier Responsibility progress report that highlights the company’s efforts to improve working conditions for all people in its supply chain.
By zeroing in on the amount of hours employees are working, the iPhone-maker’s work-hour compliance rating hit an all-new high, and Apple was able to recoup $4.7 million in excessive recruitment fees for foreign contract workers.