Cupertino, California – Apple’s newly completed renewable projects, part of the company’s planned $ 4.7 billion Green Bond spending, are bringing clean energy to local communities while reducing carbon emissions. In 2020, Apple funded 17 Green Bond projects that would avoid an average of 921,000 tons of carbon emissions annually, equivalent to the removal of nearly 200,000 cars. The projects will generate 1.2 gigawatts of renewable energy worldwide, with Apple adding more than 350 megawatts of newly installed renewable energy in Nevada, Illinois, Virginia and Denmark. Apple’s Green Bond issues are among the largest in the private sector.
“Apple is committed to protecting the planet that we all share with solutions that support the communities in which we operate,” said Lisa Jackson, vice president of environment, policy and social initiatives. ‘We all have a responsibility to do everything in our power to combat the effects of climate change, and our $ 4.7 billion investment in the proceeds from our Green Bond sales is a major driver in our efforts. Ultimately, clean power is good business. ‘
Since the historic agreement on climate change at the 2015 United Nations Climate Change Conference (COP21) in Paris, Apple has invested the proceeds of three issues of Green Bonds to support global efforts to reduce carbon emissions. In February 2016, the company issued its first $ 1.5 billion Green Bond, following its second round of $ 1 billion in June 2017, after the former US government announced plans to withdraw from the agreement reached at COP21. In November 2019, Apple released its third set of Green Bonds and the first in Europe, with two bonds each at 1 billion euros (a total of about $ 2.2 billion USD).
In addition to the information outlined in Apple’s Green Bond Impact Report, the company has continued to fund new projects that support the design and engineering of carbon dioxide, energy efficiency, renewable energy, carbon mitigation and carbon sequestration. Apple has allocated more than half of its total Green Bond expenses – $ 2.8 billion – and will continue to invest in projects that address carbon emissions. Last July, the company unveiled its plan to be carbon neutral by 2030 in its entire business, manufacturing supply chain and product life cycle. Apple is already carbon neutral today for its global corporate operations, and this new commitment means that by 2030, every Apple device sold will have a net climate impact.