The iPhone-maker said it will invest up to an additional
$200 million in its Restore Fund, which was created in 2021 with an initial
$200 million commitment.
The additional investment is expected to help the fund start
new projects and double its previously stated goal to remove about 1 million
metric tons of carbon dioxide per year, the company said.
Apple is making efforts to become carbon neutral through its
entire supply chain and the life cycle of every product by 2030.
The fund, launched with Goldman Sachs Group Inc and
nonprofit Conservation International, has invested in forest properties in
Brazil and Paraguay in the last two years.
The expanded fund will be managed by Climate Asset
Management, a joint venture of HSBC Asset Management and Pollination, Apple
added.
"The Restore Fund is an innovative investment approach
that generates real, measurable benefits for the planet, while aiming to
generate a financial return," said Lisa Jackson, Apple's vice president of
Environment, Policy, and Social Initiatives.
0 comments:
Post a Comment