Apple has raised $4.7 billion in Green Bonds to help fund the development of environmentally friendly manufacturing and recycling processes. Reduced emissions during smelting can be achieved by using carbon-free aluminium. Power adaptors have already been removed from phone boxes by Cupertino-based tech giant Apple in order to reduce their carbon footprint.
“Apple has issued three Green Bonds since 2016, with projects showing how the investments can reduce global emissions and bring clean power to communities around the world,” Apple said in a blog post.
The aluminium will be produced on a large industrial scale outside of the lab without releasing any carbon emissions directly during the smelting process.
“As part of this effort, Apple is purchasing direct carbon-free aluminium following a major advancement in smelting technology to reduce emissions,”
VP of Environment, Policy, and Social Initiatives Lisa Jackson stated: “Apple is committed to leaving the planet better than we found it, and our Green Bonds are a key tool to drive our environmental efforts forward.”
Elysis, the company behind the first direct carbon-free aluminium smelting process, has announced the production of the first commercial-purity primary aluminium for Apple products.
Instead of releasing greenhouse gases into the atmosphere, this technology creates oxygen. The first batch of commercial-purity, low-carbon aluminium will be purchased by Apple for use in the iPhone SE.
In 2018, Apple collaborated with Rio Tinto, Alcoa, and the governments of Quebec and Canada to advance this technology.. The first commercial batch of aluminium purchased by Apple from the joint venture in 2019 was used to manufacture the 16-inch MacBook Pro model.
All iPad models, including the new iPad Air, as well as the latest MacBook Pro, MacBook Air, and Apple Watch, are made with aluminium enclosures that are made from recycled aluminium.
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As a whole, Apple has issued $4.7 billion to speed up progress towards the company’s goal of becoming carbon neutral across its supply chain by 2030.” As a result, it has sold all of its first two bonds issued in 2016 and 2017. One of these is the low-carbon aluminium breakthrough that is being supported by the Green Bond in 2019. A total of 2,883,000 metric tonnes of CO2e will be mitigated or offset by these 50 projects; 700 megawatts of renewable energy capacity will be installed around the world; new recycling research and development will be promoted”, according to an announcement from Apple.
Over 175 manufacturing partners from 24 countries have now committed to using 100 percent renewable energy in Apple production, a critical milestone towards ensuring that every Apple product has zero climate impact. “