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Fri, 09/14/2012 - 00:00 | by Matthew Casey
September 14, 2012
Addressing Labor Conditions in Apple's Supply Chain
Apple, currently the Domini Social Equity Fund's largest holding, has received persistent scrutiny for working conditions at factories operated by Foxconn, a key global electronic components manufacturer. Domini has been paying close attention to these issues for several years, and has played an instrumental role as a catalyst for change. In 2005, we convinced Apple to set strong labor and environmental standards for its suppliers to follow. This year, Apple became the first company in its industry to join the Fair Labor Association, which published thorough factory audits, surfacing a number of significant problems. Domini coordinated an investor call with Apple to discuss its plan to address these problems, and will regroup the the company later this year to assess progress.
As of June 30, 2012, Apple represented 6.7% of the Domini Social Equity Fund's portfolio. View the most current list of the Domini Social Equity Fund's holdings. The composition of the Fund's portfolio is subject to change.