Apple Inc. spent 15% of the 2 billion euros ($2.2 billion) of green bonds it raised in late 2019 within a year, mostly on renewable energy projects, according to its annual impact report released on March 17. To learn more, read “Apple Spends 15% of Debut Euro Green Bond in First Year Projects.” Reading this article may require a subscription from the news outlet.
- The tech giant had allocated almost $330 million of the euro green bond proceeds by September 2020.
- Just over $310 million was funneled to renewable energy, with the rest going to low-carbon design and engineering, energy efficiency and so-called carbon mitigation and sequestration projects.
- Spending included power purchase agreements with wind farms in the U.S. and the opening of a solar project in Denmark.
- Apple previously issued two other dollar green bonds in 2016 and 2017, amounting to $2.5 billion. Both are fully allocated.
Path to 100% Perspective:
Since Apple was founded in April 1976, it has been solidified through a series of successes and failures that have carved out a trailblazing place for the technology company. Apple continues to look for ways to remain unique, innovative and progressive by investing in a renewable energy future. Circular economy practices are becoming increasingly popular as organizations seek sustainability, responsibility and reliability in the days and years ahead.
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