APPLE INC. | Emerging technologies impact on energy strategy at APPLE INC.

Status
Omitted
Previous AGM date
Resolution details
Company ticker
AAPL
Lead filer
Tulipshare
Resolution ask
Report on or disclose
ESG theme
  • Environment
ESG sub-theme
  • Climate change
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Technology
Company HQ country
United States
Resolved clause
Resolved: Shareholders request that Apple Inc. publish a report, at reasonable cost and excluding proprietary information, evaluating how emerging technologies such as artificial intelligence (AI) and increased data center usage may impact its long-term energy strategy. The report should assess potential energy sourcing risks and examine the feasibility of including nuclear energy as a future component of Apple’s energy mix, consistent with its climate goals.
Supporting statement
Supporting Statement: Apple has demonstrated strong leadership in environmental stewardship, including commitments to 100% renewable electricity and a net-zero value chain by 2030.¹ As Apple expands its AI capabilities and data center footprint, it faces a strategic inflection point in long-term energy sourcing. AI workloads and advanced computing infrastructure are projected to dramatically increase electricity demand across the technology sector.² ³ At the same time, competition for limited renewable energy resources is intensifying.⁴ Leading industry analysts and regulatory bodies, including the International Energy Agency (IEA) and the U.S. Department of Energy, have identified advanced nuclear energy as a potential solution to meet growing demand for 24/7, low-carbon electricity.⁵ ⁶ Apple’s current disclosures do not evaluate the feasibility or strategic implications of nuclear energy. Tulipshare believe this presents a gap in energy and climate risk transparency, particularly as nuclear energy is being increasingly recognized as a credible path to achieving net-zero goals.⁵ ⁷ This proposal does not advocate for the adoption of nuclear energy. Rather, it seeks disclosure of how Apple is assessing all available energy pathways, including advanced nuclear, to ensure the Company remains resilient, competitive, and aligned with its climate commitments amid evolving energy challenges. Investors would benefit from enhanced disclosure on: ● Projected electricity demand related to AI, data centers, and emerging technologies; ● Apple’s strategy to secure reliable, carbon-free energy to support future operations; ● The criteria used to evaluate potential long-term energy sources, including nuclear energy

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