Two months ago Apple announced 96% of its worldwide energy now comes from renewable sources and also pledged to reach 100% by getting its supply chain to invest in renewable energy. Today Apple has announced it is issuing a $1 billion green bond to further its renewable initiatives…
As reported by Bloomberg, last year Apple offered the largest green bond in U.S. corporate history at $1.5 billion. Now, just about two weeks after President Trump decided to withdraw the United States from the Paris climate agreement, Apple has issued another $1 billion bond to help move the company and its supply chain to 100% renewable energy.
An unnamed source provided detailed projections about the bonds:
Deciding to offer bonds for its sustainability plans means Apple won’t have to dip into its offshore cash. Here is how the company will be spending some of the resources on green efforts:
Tim Cook urged President Trump along with many other tech industry leaders to keep the U.S. committed to the Paris climate agreement. After President Trump decided to withdraw, Tim Cook shared an email with Apple employees sharing frustration and disappointment about the choice, and also reaffirmed Apple’s position on climate change and sustainability.
In addition to today’s green bond, Apple has increased its focus on environment and commitment to sustainability this year with a pledge to stop mining the earth, a series of educational and humorous Earth Day videos, and Tim Cook and Lisa Jackson taking many opportunities to discuss the topic.
https://www.youtube.com/watch?v=pHOne3_2IE4&list=PLHFlHpPjgk73pyiy3EL9cGTO8wnJN7h2F&index=3
