Apple committed to address climate change and increase the use of renewable energy within its supply chain, and in 2018 Apple announced that it was globally powered by 100% renewable energy. The company has made great progress in recent years by investing in green energy projects around the world.
In a press release on Wednesday March 17, 2021, Apple announced the progress it has made as part of its $4.7 billion Green Bond. Apple has produced more than 1.2 gigawatts of clean energy. In 2019, Apple invested $2.2 billion. Apple financed over 17 projects, resulting in the cutback of nearly 1 million metric tons of carbon emissions globally, equivalent to doing away with 200,000 cars from the road, as stated by Apple.
“Apple is dedicated to protecting the planet we all share with solutions that are supporting the communities where we work,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. “We all have a responsibility to do everything we can to fight against the impacts of climate change, and our $4.7 billion investment of the proceeds from our Green Bond sales is an important driver in our efforts. Ultimately, clean power is good business.”
Along with its investment of clean energy, Apple has allocated $2.8 billion for researching and financing new projects that “support low carbon design and engineering, energy efficiency, renewable energy, carbon mitigation, and carbon sequestration.” The investments Apple made is a priority of its commitment to become fully carbon neutral across its whole business by 2030.