April 5, 2023
UPDATE
Apple and international suppliers increase renewable power to 13.7 gigawatts
Over 250 international manufacturing companions at the moment are on a path to decarbonize Apple manufacturing by 2030
Apple immediately introduced its manufacturing companions now assist over 13 gigawatts of renewable electrical energy around the globe, a virtually 30 p.c improve within the final 12 months. In whole, greater than 250 suppliers working throughout 28 international locations are dedicated to utilizing renewable power for all Apple manufacturing by 2030. This represents greater than 85 p.c 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 modern instruments to assist progress towards its formidable 2030 purpose to be carbon impartial for each product. This contains $4.7 billion in Inexperienced Bonds, that are serving to finance the growth of unpolluted power options and emissions reductions around the globe. Apple immediately shared particulars of its Inexperienced Bond spend for 2022, which incorporates investments in large-scale photo voltaic, low-carbon design, power effectivity, and carbon removing.
“At Apple, we’re carbon impartial for our personal operations and innovating day by day to go even additional within the pressing work to deal with local weather change,” mentioned Tim Cook dinner, Apple’s CEO. “With companions around the globe, we’re including much more renewable power to energy our international provide chain and investing in next-generation inexperienced applied sciences. The size of this problem is immense — however so is our willpower 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 12 months. 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 carefully with suppliers to determine and implement options for clear power and carbon reductions — providing a collection of free studying assets and reside trainings by means of its Clear Vitality Academy.
“Our new provider commitments show the fast tempo of progress we’re making towards our 2030 carbon neutrality purpose,” mentioned Lisa Jackson, Apple’s vp of Atmosphere, Coverage, and Social Initiatives. “We’re taking pressing motion on a world scale to unlock a greener, extra modern, and extra resilient future.”
By means of their participation within the Provider Clear Vitality Program, Apple’s suppliers are signaling demand for the growth of renewable electrical energy capability around the globe. Since 2019, the operational renewable power throughout Apple’s international provide chain has expanded 5 occasions over, now totaling 13.7 gigawatts. This equated to 17.4 million metric tons of averted carbon emissions final 12 months — the equal of eradicating practically 3.8 million automobiles from the highway.
Apple additionally helps about 1.5 gigawatts of renewable electrical energy around the globe to energy all company places of work, knowledge 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 deal with 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 power, with 27 suppliers within the Provider Clear Vitality Program discovering success with quite a lot 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 by means of 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.
Practically 70 suppliers in China at the moment are 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 power 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 power sources. The modern method has to this point enabled Apple and its suppliers to collectively spend money on over 650 megawatts of renewable electrical energy.
Thirty European manufacturing companions are dedicated to wash power, with six — together with Viscom AG and Victrex — already attaining one hundred pc renewable electrical energy for his or her Apple hundreds. Bosch Sensortec GmbH, which not too long ago joined Apple’s Provider Clear Vitality Program, and VARTA Microbattery GmbH are attaining one hundred pc renewable electrical energy by means of inexperienced utility energy.
In Japan, 34 manufacturing companions have dedicated to obtain one hundred pc renewable power for his or her Apple manufacturing. Companies like Taiyo Holdings Co., Ltd. are deploying onsite photo voltaic options, and different corporations 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 12 months. Apple and its companions additionally proceed to work collectively in assist of wider deployment of reasonably priced clear power by means of collaborations such because the Japan Local weather Leaders’ Partnership.
Equally, in South Korea, Apple continues to name for an formidable 2030 nationwide renewable power goal, and interact in collaborative advocacy to enhance transparency and increase cost-effective choices, particularly PPAs. In whole, 18 companies headquartered in South Korea at the moment are 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 power for its Apple manufacturing within the nation.
$4.7 Billion in Inexperienced Bonds Speed up Environmental Progress
To assist speed up clear power progress and environmental improvements around the globe, Apple has disbursed over $3.2 billion of the corporate’s $4.7 billion Inexperienced Bond dedication up to now — together with the overall $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 assist 59 initiatives — together with the event and distribution of unpolluted power 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 power throughout the provision chain, Apple’s Inexperienced Bond investments final 12 months supported a variety of environmental innovation throughout the enterprise, together with low-carbon design, power effectivity, and the growth of renewable power in grids around the globe.
For instance, the 2019 Inexperienced Bond helped fund the IP Radian Photo voltaic venture that not too long ago turned operational in Brown County, Texas, with a venture that now produces 320 megawatts of electrical energy. Apple invested within the venture to assist deal with the carbon influence of the power Apple prospects use to cost their units. The bond additionally supported the corporate’s utility-scale battery situated on the California Flats Photo voltaic Venture in Monterey County, California, which turned operational in 2022. The big 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 deal with the intermittency of renewable energy throughout the state.
For extra info on Apple’s Inexperienced Bond efforts, go to investor.apple.com/Apple_GreenBond_Report. This 12 months’s annual influence 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 offered a second-party opinion on the chosen initiatives, and Ernst & Younger LLP offered an attestation report on the spend.
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