April 5, 2023
UPDATE
Apple and international suppliers broaden renewable vitality to 13.7 gigawatts
Over 250 international manufacturing companions are actually on a path to decarbonize Apple manufacturing by 2030
Apple right now introduced its manufacturing companions now help over 13 gigawatts of renewable electrical energy world wide, an almost 30 % improve within the final yr. In whole, greater than 250 suppliers working throughout 28 international locations are dedicated to utilizing renewable vitality for all Apple manufacturing by 2030. This represents greater than 85 % of the corporate’s direct manufacturing spend and greater than 20 gigawatts in commitments.
Already carbon impartial for its international company emissions, Apple makes use of revolutionary instruments to help progress towards its bold 2030 purpose to be carbon impartial for each product. This contains $4.7 billion in Inexperienced Bonds, that are serving to finance the enlargement of unpolluted vitality options and emissions reductions world wide. Apple right now shared particulars of its Inexperienced Bond spend for 2022, which incorporates investments in large-scale photo voltaic, low-carbon design, vitality effectivity, and carbon removing.
“At Apple, we’re carbon impartial for our personal operations and innovating daily to go even additional within the pressing work to handle local weather change,” stated Tim Prepare dinner, Apple’s CEO. “With companions world wide, we’re including much more renewable vitality to energy our international provide chain and investing in next-generation inexperienced applied sciences. The dimensions of this problem is immense — however so is our dedication to fulfill it.”
Clear Vitality Enlargement Throughout Apple’s Provide Chain
Greater than 40 manufacturing companions joined Apple’s Provider Clear Vitality Program within the final yr. Apple has referred to as on its suppliers to decarbonize all Apple-related operations, together with sourcing one hundred pc renewable electrical energy. To assist them meet their commitments and go even additional, Apple works intently with suppliers to determine and implement options for clear vitality and carbon reductions — providing a collection of free studying assets and stay trainings via its Clear Vitality Academy.
“Our new provider commitments display the speedy tempo of progress we’re making towards our 2030 carbon neutrality purpose,” stated Lisa Jackson, Apple’s vp of Setting, Coverage, and Social Initiatives. “We’re taking pressing motion on a world scale to unlock a greener, extra revolutionary, and extra resilient future.”
Via their participation within the Provider Clear Vitality Program, Apple’s suppliers are signaling demand for the enlargement of renewable electrical energy capability world wide. Since 2019, the operational renewable vitality throughout Apple’s international provide chain has expanded 5 instances over, now totaling 13.7 gigawatts. This equated to 17.4 million metric tons of prevented carbon emissions final yr — the equal of eradicating practically 3.8 million vehicles from the highway.
Apple additionally helps about 1.5 gigawatts of renewable electrical energy world wide to energy all company workplaces, information facilities, and retail shops, spanning 44 international locations. The corporate has additionally invested instantly in practically 500 megawatts of photo voltaic and wind in China and Japan to handle upstream provide chain emissions.
Apple Suppliers Advance Clear Vitality Progress Across the World
Apple’s U.S.-based manufacturing companions are making regular progress towards renewable vitality, with 27 suppliers within the Provider Clear Vitality Program discovering success with a wide range of approaches. Some suppliers — together with Bemis Associates — have achieved one hundred pc renewable electrical energy for all Apple-related manufacturing, Coherent Corp. is nearing that purpose via the usage of a inexperienced utility program, whereas others — together with Qorvo — are utilizing energy buy agreements (PPAs) for photo voltaic and wind initiatives throughout the nation.
Almost 70 suppliers in China are actually dedicated to one hundred pc renewable electrical energy. Constructing on experiences with Apple’s Provider Clear Vitality Program, Avary Holding, which joined this system in 2020, is launching its personal initiative to assist drive scalable motion by having its suppliers undertake renewable vitality and decarbonize. Proceeds from the 2019 Inexperienced Bond contributed to Apple’s funding within the China Clear Vitality Fund, a first-of-its-kind funding fund to attach suppliers in China with renewable vitality sources. The revolutionary method has thus far enabled Apple and its suppliers to collectively put money into over 650 megawatts of renewable electrical energy.
Thirty European manufacturing companions are dedicated to wash vitality, with six — together with Viscom AG and Victrex — already reaching one hundred pc renewable electrical energy for his or her Apple masses. Bosch Sensortec GmbH, which just lately joined Apple’s Provider Clear Vitality Program, and VARTA Microbattery GmbH are reaching one hundred pc renewable electrical energy via inexperienced utility energy.
In Japan, 34 manufacturing companions have dedicated to acquire one hundred pc renewable vitality for his or her Apple manufacturing. Companies like Taiyo Holdings Co., Ltd. are deploying onsite photo voltaic options, and different firms are utilizing PPAs as availability will increase. This contains Rohm Firm Restricted and Nissha Co., Ltd., which each joined the Provider Clear Vitality Program this yr. Apple and its companions additionally proceed to work collectively in help of wider deployment of reasonably priced clear vitality via collaborations such because the Japan Local weather Leaders’ Partnership.
Equally, in South Korea, Apple continues to name for an bold 2030 nationwide renewable vitality goal, and have interaction in collaborative advocacy to enhance transparency and broaden cost-effective choices, particularly PPAs. In whole, 18 companies headquartered in South Korea are actually a part of the Provider Clear Vitality Program, with LG Innotek utilizing onsite photo voltaic to assist meet its commitments and SK hynix having achieved one hundred pc renewable vitality for its Apple manufacturing within the nation.
$4.7 Billion in Inexperienced Bonds Speed up Environmental Progress
To assist speed up clear vitality progress and environmental improvements world wide, Apple has disbursed over $3.2 billion of the corporate’s $4.7 billion Inexperienced Bond dedication so far — together with the full $2.5 billion of its first two bonds. To this point, the corporate has allotted $700 million of the proceeds from the 2019 Inexperienced Bond to help 59 initiatives — together with the event and distribution of unpolluted vitality coaching assets for suppliers and collaborative advocacy efforts in Japan, Vietnam, and South Korea.
The initiatives supported by the 2019 Inexperienced Bond are anticipated to mitigate greater than 13.5 million metric tons of carbon dioxide over their lifetime. Past constructing capability for renewable vitality throughout the availability chain, Apple’s Inexperienced Bond investments final yr supported a variety of environmental innovation throughout the enterprise, together with low-carbon design, vitality effectivity, and the enlargement of renewable vitality in grids world wide.
For instance, the 2019 Inexperienced Bond helped fund the IP Radian Photo voltaic venture that just lately turned operational in Brown County, Texas, with a venture that now produces 320 megawatts of electrical energy. Apple invested within the venture to assist handle the carbon affect of the vitality Apple prospects use to cost their gadgets. The bond additionally supported the corporate’s utility-scale battery positioned on the California Flats Photo voltaic Mission in Monterey, California, which turned operational in 2022. The massive battery shops as much as 240 megawatt-hours of renewable electrical energy for later use, when the carbon depth of the grid is highest. This helps to handle the intermittency of renewable energy throughout the state.
For extra data on Apple’s Inexperienced Bond efforts, go to investor.apple.com/Apple_GreenBond_Report. This yr’s annual affect report covers the cumulative allocation of Apple’s 2019 Inexperienced Bond proceeds to environmental initiatives that incurred spend between September 29, 2019, and September 24, 2022 — Apple’s 2022, 2021, and 2020 fiscal years. Sustainalytics supplied a second-party opinion on the chosen initiatives, and Ernst & Younger LLP supplied an attestation report on the spend.
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