financetom
Business
financetom
/
Business
/
Climate goals: Apple commits to be 100% carbon neutral by 2030
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Climate goals: Apple commits to be 100% carbon neutral by 2030
Jul 21, 2020 9:39 AM

Apple today unveiled its plan to become carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030. The company is already carbon neutral today for its global corporate operations, and this new commitment means that by 2030, every Apple device sold will have net zero climate impact.

Share Market Live

NSE

Apple’s CEO Tim Cook said, “Businesses have a profound opportunity to help build a more sustainable future, one born of our common concern for the planet we share. 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.”

Apple is providing detail on its approach to carbon neutrality with a roadmap for other companies, as industries look to reduce their impact on climate change. In its 2020 Environmental Progress Report which was released today. The tech giant has detailed its plans to reduce emissions by 75 percent by 2030 while developing innovative carbon removal solutions for the remaining 25 percent of its comprehensive footprint.

Apple’s 10-year roadmap will focus on lowering emissions by using a low carbon product design. Which means, Apple will continue to increase the use of low carbon and recycled materials in its products, innovate in product recycling and design products to be as energy efficient as possible. For this, Apple build a recycling robot called ‘Dave’ that disassembles the Taptic Engine from an iPhone to recover key materials such as rare earth magnets and tungsten while also enabling recovery of steel.

Apple said that it will also identify new ways to lower energy use at its corporate facilities and help its supply chain make the same transition. Through a new partnership with Apple, the US-China Green Fund will invest $100 million in accelerated energy efficiency projects for Apple’s suppliers. Other plans will include focusing on creating new projects and moving its entire supply chain to clean power, tackle emissions through technological improvements to processes and materials needed for its products. For instance, today the company announced that the first batch of this low carbon aluminium is currently being used in production intended for use with the 16-inch MacBook Pro

Apple is also establishing an Impact Accelerator that will focus on investing in minority-owned businesses that drive positive outcomes in its supply chain and in communities that are disproportionately affected by environmental hazards. This accelerator is part of Apple’s recently announced $100 million Racial Equity and Justice Initiative, focused on efforts that address education, economic equality, and criminal justice reform.

“We’re proud of our environmental journey and the ambitious roadmap we have set for the future,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives. “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.”

First Published:Jul 21, 2020 6:39 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Paramount directors including Shari Redstone face recommendation against re-election
Paramount directors including Shari Redstone face recommendation against re-election
Jul 2, 2025
LOS ANGELES, July 2 (Reuters) - Shareholders of Paramount Global ( PARAA ), which is waiting for regulatory approval to merge with Skydance Media, will decide Wednesday whether to re-elect four directors, following a recommendation to oppose their return to the company's board. Influential proxy adviser Institutional Shareholder Services advised clients to vote against the four directors standing for re-election,...
MARA Shares Inch Higher In Wednesday's Pre-Market After Bitcoin Miner Targets 40% Hashrate Growth By Year-End
MARA Shares Inch Higher In Wednesday's Pre-Market After Bitcoin Miner Targets 40% Hashrate Growth By Year-End
Jul 2, 2025
Shares of MARA Holdings Inc. ( MARA ) are trading higher in Wednesday’s pre-market trading after the Bitcoin (CRYPTO: BTC) miner announced an ambitious hashrate target by year-end. What Happened: CEO Fred Thiel said the company wants to achieve 75 exahashes by the end of 2025, marking a 40% jump from 2024. “As the largest public bitcoin miner, this goal aligns with both...
Record July Fourth travel expected as Americans hit the road and the skies
Record July Fourth travel expected as Americans hit the road and the skies
Jul 2, 2025
NEW YORK (Reuters) -A record number of Americans are set to travel for the Fourth of July holiday by road and air, travel industry statistics show, but many last-minute travelers say their plans depend on whether they can get a good deal on airline tickets. In more cases, the best value for travelers is for those looking to go abroad...
Copyright 2023-2026 - www.financetom.com All Rights Reserved