Reportedly, Apple (AAPL) unveiled its plan and mission to be carbon neutral across its entire business manufacturing supply chain and product life cycle by 2030 implying that every Apple device will be part of zero climate impact. The company plans to reduce emissions by 75 percent by 2030 and indulge in innovative carbon removal solution for the remaining 25% of the footprint. Apple has come up with an Impact Accelerator focusing on investment in minority-owned businesses working to bring in positive changes in its supply chain and communities affected by environmental hazards. The accelerator is also a part of Apple’s $100 million Racial Equity and Justice Initiative addressing education, economic equality, and criminal justice reform.
“Businesses have a profound opportunity to help build a more sustainable future, one born of our common concern for the planet we share,” “The innovations powering our environmental journey are not only good for the planet — they’ve helped us make our products more energy-efficient and bring new sources of clean energy online around the world. Climate action can be the foundation for a new era of innovative potential, job creation, and durable economic growth. With our commitment to carbon neutrality, we hope to be a ripple in the pond that creates a much larger change.” stated Tim Cook, Apple’s CEO.
“We’re proud of our environmental journey and the ambitious roadmap we have set for the future,” “Systemic racism and climate change are not separate issues, and they will not abide separate solutions. We have a generational opportunity to help build a greener and more just economy, one where we develop whole new industries in the pursuit of giving the next generation a planet worth calling home.” stated Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives.
Apple’s Climate Roadmap
Company’s plan of lower emissions with a series of innovative actions include following in-depth measures:
Low carbon product design: The company aims to increase the use of low carbon and recycled materials in its products, energy-efficient designs, and innovative product recycling. Apple successfully reduced its carbon footprint by 4.3 million metric tons in 2019 with recycled content innovations in its products. All iPhone, iPad, Mac, and Apple Watch devices launched in the past few years were made with recycled content, including 100 percent recycled rare earth elements in the iPhone Taptic Engine. The company’s Material Recovery Lab in Austin, Texas is now in collaboration with Carnegie Mellon University to further develop engineering solutions focused on innovative electronics recycling technology.
Expanding energy efficiency: Apple to focus on new ways to lower energy use at its facilities, Apple’s Supplier Energy Efficiency Program increased to 92 in 2019 avoiding over 779,000 annualized metric tons of supply chain carbon emissions. The company’s new partnership with Apple, the US-China Green Fund to invest $100 million for energy-saving projects for its suppliers
Renewable energy: Apple use 100 percent renewable energy for its operations focusing to move to clean power. Apple has commitments from over 70 suppliers to use 100 percent renewable energy for its production. The company is also launching one of the largest new solar arrays in Scandinavia along with two new projects aimed at providing power to underserved communities in the Philippines and Thailand.
Process and material innovations: Apple plans to tackle carbon emissions by introducing technological changes for processes and materials needed for products. Apple succeeded in reduced emissions by more than 242,000 metric tons in 2019 from fluorinated gases (a cause for global warming) with its partnership with suppliers. Apple announced its first batch of this low carbon aluminum for use with the 16-inch MacBook Pro.
Carbon removal: Apple announced its carbon solutions fund to invest in the restoration, protection of forests, and natural ecosystems globally. Apple has protected and improved the management of over 1 million acres of forests in China, the US, Colombia, and Kenya with its work through The Conservation Fund, the World Wildlife Fund, and Conservation International.
Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.
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