Posted on Apr 15, 2021, 3:24 PMUpdated Apr 15, 2021, 4:05 PM
The fund is admittedly “small” on the scale of Apple. But it is nevertheless a first for the apple brand. Apple on Thursday launched a $ 200 million fund to invest in “responsible” forests, where it notably sources the paper needed to package its products, from iPhones to iPads. This “Restore Fund” was created in partnership with the American NGO Conservation International. It will be managed by Goldman Sachs.
The goal, as a first step, is to remove 1 million tonnes of carbon dioxide from the atmosphere, or about 4% of Apple’s carbon emissions (22.6 million tonnes in total in 2020). Then, Apple intends to remove more carbon each year to offset all of its incompressible emissions. That is to say those that cannot be reduced at source by other means implemented by Apple, such as the use of more renewable energy.