Senior Managing Director Jannice Koors was quoted in the Feb. 18, 2026, Bloomberg article, “Apple Drops ESG Links From Top Executives’ Pay Packages.”
The article reports that Apple has removed an environmental, social, and governance (ESG) modifier from its 2025 executive compensation program, eliminating a provision that allowed bonus adjustments based on environmental performance measures such as greenhouse gas reductions and renewable energy usage. Apple joins a growing list of companies that have recently weakened or severed formal ties between environmental metrics and executive pay.
Jan noted that the shift reflects a broader evolution in how companies approach incentive design amid changing political, regulatory, and investor pressures. “We’re seeing that public walkback a little more overtly on the DEI side, but certainly it’s changing on the climate side, as well,” she said.
Referencing the earlier surge and now decline in ESG-linked pay practices, Jan observed, “We saw a lot of bandwagon effects,” including companies adding these metrics because everyone else was doing it and they thought it would make them look good. “So, when the winds blew back in the other direction, they’re like, ‘Okay, I guess we’ll take it out now.’”
The full Bloomberg article is available to subscribers.