Apple

Apple supports new green technologies with $4.7 billion in green bonds


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If you are one of the oldest in the Apple world, you will remember that time when Steve Jobs, the late founding CEO of Apple, did not believe in anything when they told him about recyclingtake care of the planet or make devices that are less harmful to the environment.

All this changed over the years until a time came when Apple has applied with one of the best or most incisive companies in terms of recycling, the production of energy from natural resources and the manufacture of low-carbon devices and products.

Apple supports new green technologies with $4.7 billion in green bonds

In this case, the Cupertino company has just announced the investment of 4,700 million dollars in green bonds to drive the development of new low-carbon manufacturing and recycling technologies. In this case, they are three green bonds from last year 2016 that are destined for projects and investments that allow reducing emissions and providing cleaner energy throughout the world. As part of this initiative, Apple is purchasing carbon-free aluminum following a breakthrough in foundry technologies that reduce emissions. This aluminum is the first to be manufactured on an industrial scale outside of a laboratory without generating direct carbon emissions during the smelting process. The company plans to use this material in the iPhone SE as well.

Lisa Jackson, vice president of Environment, Policy and Social Initiatives at Apple stated the following:

At Apple, we are committed to leaving the world better than we found it, and green bonds are a critical tool in our environmental initiatives. Our investments are driving revolutionary technologies that allow us to reduce the carbon footprint of the materials we use, especially now that we are transitioning to the exclusive use of recyclable and renewable materials in all our products to conserve the planet’s finite resources.

Apple has invested a total of $4.7 billion to get even closer to its goal of achieving carbon neutrality across its supply chain by 2030. Its first green bonds, issued in 2016 and 2017, are now fully vested. And the 2019 one is funding 50 projects, including low-carbon aluminum production. These 50 projects will eliminate or reduce the emission of 2,883,000 tons of CO2e, and will allow the installation of almost 700 megawatts of renewable energy throughout the world and will contribute to the research and development of recycling technologies.

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