Shulou(Shulou.com)11/24 Report--

CTOnews.com, April 12, Apple announced today that it will expand the investment scale of its "recovery Fund" (Restore Fund), which it set up in 2021. The fund aims to fund high-quality natural carbon removal projects to protect and restore "critical ecosystems". Apple also wants to help companies that cannot avoid or reduce carbon emissions through existing technologies to promote viable carbon removal solutions.

In addition to the initial $200m investment, Apple will invest as much as $200m (CTOnews.com Note: currently about 1.376 billion yuan) in the recovery Fund. The fund will be managed by Climate Asset Management, a joint venture between HSBC Asset Management and Pollination. With this new investment, Apple aims to remove 1 million tons of carbon dioxide from the atmosphere each year while generating financial returns for investors. Apple suppliers joining the fund will be able to take advantage of new high-impact carbon removal projects.

"the recovery Fund is an innovative investment that brings real, measurable benefits to the planet and aims to generate financial returns," said Lisa Jackson, vice president of environment, policy and social initiatives at Apple. "the path to a carbon-neutral economy requires deep decarbonization and responsible carbon removal, and innovations like this can help speed up the process."

Climate Asset Management and Apple want to focus on nature-oriented agricultural projects that generate income from sustainably managed agricultural practices and projects to protect and restore key ecosystems that remove and store carbon from the atmosphere. Apple said the investment of the recovery Fund would follow "strict social and environmental standards".

Apple has achieved carbon neutrality in its corporate operations and encouraged its suppliers to be carbon neutral by 2030. Apple eventually hopes to achieve carbon neutrality in all Apple-related operations by that date, and more than 250 manufacturing partners have committed to doing so.

Apple's previous investment in the recovery fund was made in partnership with Conservation International and Goldman Sachs. With this investment, Apple is working to restore 150,000 acres of sustainably certified working woodland and protect another 100,000 acres of native forests, grasslands and wetlands. These projects are expected to remove 1 million tons of carbon dioxide from the atmosphere each year by 2025.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.