Skip to content

Apple Increases Carbon Removal Fund Investment by $200 Million

Apple Inc (AAPL.O) announced on Tuesday that it had doubled its financial commitment to the Restore Fund, a carbon removal initiative established two years ago. The additional $200 million investment raises the total fund to $400 million, showing Apple's dedication to combating climate change.

Apple logo
Apple logo

Restore Fund's Impact on Carbon Emissions

This increased investment will enable the Restore Fund to initiate new projects and continue working towards its goal of removing about 1 million metric tons of carbon dioxide annually. Apple strives to become carbon neutral across its entire supply chain and product life cycle by 2030.

Partnerships in Carbon Removal Efforts

Launched in collaboration with Goldman Sachs Group Inc (GS.N) and nonprofit Conservation International, the Restore Fund has invested in forest properties in Brazil and Paraguay over the past two years. Climate Asset Management, a joint venture between HSBC Asset Management and Pollination, will manage the expanded fund.

Aiming for Financial and Environmental Returns

Apple's Vice President of Environment, Policy, and Social Initiatives, Lisa Jackson, described the Restore Fund as an innovative investment offering measurable environmental benefits and potential financial returns. This commitment highlights Apple's focus on sustainable and responsible business practices.