Apple spends $2.5bn on environmental initiatives to top its clean energy goal
Apple will exceed its goal of bringing four gigawatts of renewable energy into its supply chain by 2020, with over an additional gigawatt projected within that timeframe.
Tech giant Apple (NASDAQ: AAPL) revealed that it has nearly doubled the number of suppliers that have committed to run their Apple production on 100% clean energy, bringing the total number to 44.
This announcement comes one year after Apple revealed that all of its global facilities are powered by 100% renewable energy.
“Every time one of our suppliers joins us in our efforts to address climate change, we move closer to a better future for the next generation,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives.
“We’ve made it a priority to hold our suppliers accountable to the same environmental standards we observe and hope that our collaboration will show others what is possible.
“While we are proud of our announcement today, we won’t stop driving change within our industry to support the clean energy transition happening globally.”
Apple also revealed that it reduced its comprehensive carbon footprint for the third year in a row in 2018, in large part due to the company’s Supplier Clean Energy Programme.
Time is precious, but news has no time. Sign up today to receive daily free updates in your email box from the Data Economy Newsroom.
Last year, Apple and its suppliers participated in clean energy generation that roughly equalled the electricity needed to power over 600,000 homes in the US.
Apple has further expanded its supplier education and support initiatives, including through its Clean Energy Portal, an online platform to help suppliers identify renewable energy sources globally.
Over 100 suppliers have already registered to participate in the site according to the company.
The company also announced major progress to address environmental solutions by allocating all $2.5bn in green bonds it previously announced, the largest of any US corporation.
Through its $2.5bn Green Bond allocations, the company has contributed to 40 environmental initiatives around the world.
That includes projects Apple has created to cover its entire electricity load — as of January 2019, 66% of the renewable energy Apple uses comes from such endeavours.