Electronic waste, or waste from electrical and electronic equipment (e-waste), totaled over 62 billion kg in 2022 and is one of the fastest growing solid waste streams in the world.1 E-waste contains hazardous materials such as mercury, lead and brominated flame retardants, and reports suggest that only 22.3% of e-waste is recycled.2 The World Economic Forum states that extending the life of electronics is the single most important way to combat e-waste.3 An effective method for increasing the life of electronics and reducing e-waste is by making it easier for consumers to get them repaired to increase products? usable lifespan. In many ways, Apple Inc. is a leader in reducing the environmental impact of its products. However, some of its products cannot be easily repaired. For example, Apple?s AirPods receive a 0 out of 10 repair score from online repair community iFixit because they are almost impossible to repair.4,5 This gap exposes the company to regulatory risk because, under the European Union?s Batteries Regulation law, either consumers and/or independent repair shops will have to be able to remove batteries from electronic products by 2027.6  Right to Repair laws also increase regulatory risk for Apple. Eight US states have passed Right to Repair laws for consumer electronics, including California?s Right to Repair Act, which requires manufacturers of electronics to provide consumers and independent repair shops with the parts, tools and documentation needed to fix their own electronics.7, 8 Failure to make some of its products repairable is also inconsistent with Apple?s brand image as a responsible company, exposing it to reputational risks and risk of market access loss. Research indicates that consumers increasingly want to be able to repair their electronics and support giving independent repair shops the ability to do so rather than restricting repair to the original manufacturer or approved providers.9 If Apple does not redesign products that are not easily repairable, customers may shift purchasing preferences to more easily repairable alternatives.10,11,12 RESOLVED: Shareholders request that the Board prepare a report, at reasonable cost and omitting proprietary information, on whether any of its products have an outsized contribution to e-waste or related financial risks, including regulatory and/or reputational risks for the company and, if so, to recommend steps the company can take to reduce these impacts or risks. 1 https://www.who.int/news-room/fact-sheets/detail/electronic-waste-(e-waste) 2https://api.globalewaste.org/publications/file/297/Global-E-waste-Monitor-2024.pdf 3https://www.weforum.org/agenda/2021/07/repair-not-recycle-tackle-ewaste-circular-economy-smartphones 4 https://www.ifixit.com/Device/AirPods_4 5 https://www.vox.com/2023/9/16/23875582/apple-airpod-repair-battery-right-to-repair-act 6 https://environment.ec.europa.eu/news/new-law-more-sustainable-circular-and-safe-batteries-enters-force-2023-08-17_en 7 https://pirg.org/media-center/release-right-to-repair-passes-overwhelmingly-in-texas/ 8 https://pirg.org/updates/right-to-repair-now-law-in-texas/ 9 https://www.themanufacturer.com/articles/high-repair-costs-contributing-to-global-e-waste-crisis-new-report-finds/ 10 https://www.ifixit.com/News/35377/which-wireless-earbuds-are-the-least-evil 11 https://www.theguardian.com/technology/2024/apr/11/fairphone-fairbuds-review-ethically-made-earbuds-with-replaceable-batteries 12 https://www.soundguys.com/how-long-do-airpods-last-55442/