Apple plans to be 100% carbon neutral by 2030
Apple (NASDAQ:AAPL) on Tuesday announced plans to make its entire business carbon neutral over the next decade. While the company’s global corporate operations already meet this standard, it extends the goal to its entire manufacturing supply chain and product lifecycle. In short, Apple is working to ensure that every device it sells will not have a negative impact on the climate by 2030.
The announcement came with the release of Apple 2020 Environmental Progress Reportwhich detailed the company’s plans to reduce its carbon emissions by 75% from current levels over the next 10 years.
A multi-pronged approach
Apple has developed a far-reaching strategy to achieve its ambitious goals of eliminating its contributions to climate change and helping others fight the threat.
He is working on a number of “nature-based solutions” to remove carbon from the atmosphere. Apple created a fund to protect forests, restore forestation, and improve forest management. The company also works with groups like The Conservation Fund, World Wildlife Fund and Conservation International to restore degraded savannas in Kenya and mangroves in Colombia.
Apple is also focusing on renewable energy projects to reduce its carbon footprint. The company will invest $100 million in energy efficiency projects with its suppliers, expanding the work beyond its own processes. Last year, Apple invested in a number of upgrades to increase its own energy efficiency, reducing electricity consumption by almost 20% and saving around $27 million in the process.
The company will focus heavily on the area of product design to achieve its lofty environmental goals. Apple plans to increase the use of recycled materials in its manufacturing processes, as well as using more low-carbon materials. The company is working with suppliers to develop a carbon-free aluminum smelting process.
Apple has also created a robot named “Dave” to scavenge key rare-earth materials from used iPhones.
This article represents the opinion of the author, who may disagree with the “official” recommendation position of a high-end advice service Motley Fool. We are heterogeneous! Challenging an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and wealthier.