Photovoltaic power plants in Sichuan Province, China, contribute to Apple's 100% commitment to clean energy.
(Cupertino, Calif.) — Apple today announced the launch of its first new investment fund in China to connect suppliers with renewable energy. Apple has been working to address climate change and improve renewable energy utilization in the supply chain. To this end, in the next four years, Apple and the first 10 suppliers will jointly invest nearly US$300 million in the China Clean Energy Fund. The fund will invest and develop more than 1 GW of renewable energy in China, which is equivalent to nearly 1 million households.
“It is a great honour for Apple to work with these companies to work together to address climate change. "I am pleased to see that many suppliers have actively joined the fund," he said, hoping that this model can be promoted globally to help companies of all sizes take the Earth A major positive impact. ”
Since the launch of the Clean Energy Program in 2015, 23 manufacturing partners have committed to using 100% renewable energy to power Apple-related manufacturing.
The transition to clean energy is a complex and arduous task. This is especially true for small businesses that have difficulty accessing viable clean energy. With its size and scope, China Clean Energy Fund can provide member companies with better purchasing power and bring them more attractive and diverse clean energy solutions. The China Clean Energy Fund will be managed by a third-party organization, the DWS Group, which focuses on sustainable investments and will also invest in the fund.
Apple has invested more than 485 megawatts of clean energy projects in six provinces in China to address emissions issues upstream of the supply chain.
Apple announced earlier this year that all facilities worldwide have been implemented100% clean energy supplyAnd launched the Supplier Clean Energy Program in 2015. Since the launch of the program, 23 manufacturing partners from more than 10 countries have committed to use 100% clean energy to power Apple-related manufacturing. In addition, by 2020, Apple and its suppliers will produce more than 4 gigawatts of new clean energy worldwide, which is equivalent to one-third of Apple's current manufacturing footprint.
Apple is also working with suppliers to explore new ways to reduce greenhouse gas emissions. The company recently announced with aluminum suppliers Alcoa Corporation and Rio Tinto AluminumAchieved major technological breakthroughsIt can eliminate the direct greenhouse gas emissions generated by the key aspects of smelting in the traditional aluminum metal manufacturing process.
The first suppliers to join the China Clean Energy Fund include:
To learn more about Apple's environmental responsibilities, please visitApple.com/en/environment.