Cupertino, Calif. – Apple’s recently 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 will avoid an average of 921,000 metric tons of carbon emissions per year, which is equivalent to removing almost 200,000 cars from the roads. The projects will generate 1.2 gigawatts of renewable energy globally, with Apple adding more than 350 megawatts of newly installed renewable energy in the past year in Nevada, Illinois, Virginia and Denmark. Apple’s green bond issues are among the largest in the private sector.
“Apple is dedicated to protecting the planet we all share with solutions that support the communities where we work,” said Lisa Jackson, Apple’s vice president of Environment, Politics and Social Initiatives. “We all have a responsibility to do everything in our power to fight the impacts of climate change, and our $ 4.7 billion investment in revenue from our Green Bond sales is an important driver of our efforts. . Ultimately, clean energy is good business. ”
Since the historic climate change agreement at the 2015 United Nations Conference on Climate Change (COP21) in Paris, Apple has invested the resources of three Green Bond emissions to support global efforts to reduce carbon emissions. In February 2016, the company issued its first $ 1.5 billion green bond, continuing its second $ 1 billion round in June 2017, following the announcement by the former United States government of its intention to withdraw from the agreement reached at COP21. In November 2019, Apple issued its third set of Green Bonds and the first in Europe, with two bonds each at 1 billion euros (totaling approximately $ 2.2 billion).
In addition to those detailed in Apple’s Green Bond Impact Report, the company continued to fund new projects that support low carbon design and engineering, energy efficiency, renewable energy, carbon mitigation and carbon sequestration. Apple has allocated more than half of its total spending on Green Bond – $ 2.8 billion – and will continue to invest in projects that address carbon emissions. Last July, the company unveiled its plan to become carbon neutral across its entire business, manufacturing supply chain and product life cycle through 2030. Apple is already carbon neutral today for its global corporate operations and this new commitment means that by 2030, each Apple device sold will have zero net climate impact.