March 24, 2022
Apple’s $4.7B in Inexperienced Bonds help revolutionary inexperienced know-how
The corporate plans to make use of the world’s first commercial-purity low-carbon aluminum from ELYSIS within the iPhone SE
Investments from Apple’s $4.7 billion in Inexperienced Bonds have helped jump-start the event of recent low-carbon manufacturing and recycling applied sciences, the corporate introduced at the moment. Apple has issued three Inexperienced Bonds since 2016, with tasks showcasing how the investments can cut back world emissions and produce clear energy to communities world wide.
As a part of this work, Apple is buying direct carbon-free aluminum following a significant development in smelting know-how to cut back emissions. The aluminum is the primary to be manufactured at industrial scale exterior of a laboratory with out creating any direct carbon emissions throughout the smelting course of. The corporate intends for the fabric to be launched within the iPhone SE.
“Apple is dedicated to leaving the planet higher than we discovered it, and our Inexperienced Bonds are a key device to drive our environmental efforts ahead,” mentioned Lisa Jackson, Apple’s vice chairman of Surroundings, Coverage, and Social Initiatives. “Our investments are advancing the breakthrough applied sciences wanted to cut back the carbon footprint of the supplies we use, whilst we transfer to utilizing solely recyclable and renewable supplies throughout our merchandise to preserve the earth’s finite sources.”
In whole, Apple has issued $4.7 billion to speed up progress towards the corporate’s aim to change into carbon impartial throughout its provide chain by 2030. Its first two bonds in 2016 and 2017 are actually totally allotted. The 2019 Inexperienced Bond is supporting 50 tasks, together with the low-carbon aluminum breakthrough. These 50 tasks will mitigate or offset 2,883,000 metric tons of CO2e, set up practically 700 megawatts of renewable vitality capability world wide, and promote new recycling analysis and growth.
Innovation in Inexperienced Aluminum Smelting
ELYSIS, the corporate behind the world’s first direct carbon-free aluminum smelting course of, introduced that it has produced the primary commercial-purity major aluminum at industrial scale to be used in Apple merchandise. The breakthrough know-how produces oxygen as an alternative of greenhouse gases, and the achievement marks a significant milestone within the manufacturing of aluminum, one of many world’s most generally used metals. Apple will buy this primary batch of commercial-purity, low-carbon aluminum from ELYSIS for supposed use within the iPhone SE. This aluminum was produced by ELYSIS at its Industrial Analysis and Growth Centre in Quebec utilizing hydropower.
Apple helped spur this revolutionary development in aluminum manufacturing by means of an funding partnership with Alcoa, Rio Tinto, and the governments of Canada and Quebec that started in 2018. The next yr, Apple bought the first-ever business batch of aluminum ensuing from the three way partnership, utilizing it within the manufacturing of the 16-inch MacBook Professional.
“That is the primary time aluminum has been produced at this business purity, with none greenhouse fuel emission and at industrial scale. The sale to Apple confirms the market’s curiosity in aluminum produced utilizing our breakthrough ELYSIS carbon-free smelting know-how. In the present day’s announcement proves that ELYSIS, a three way partnership between Alcoa and Rio Tinto, was capable of flip an thought into actuality,” mentioned Vincent Christ, ELYSIS’s CEO. “We’re excited to be working alongside Apple on this development, which has the potential to make lasting adjustments in how aluminum is produced.”
In the present day’s milestone builds on the numerous progress Apple has made in lowering the carbon impression of aluminum and different metals present in its merchandise. By switching to recycled aluminum and aluminum smelted utilizing hydroelectricity as an alternative of fossil fuels, the corporate’s carbon emissions related to aluminum have decreased by practically 70 p.c since 2015. Each mannequin within the iPad lineup, together with the brand new iPad Air, together with the newest MacBook Professional, MacBook Air, Mac mini, and Apple Watch, are made with a 100% recycled aluminum enclosure.
Dedication to Clear Power
Apple continues to make use of its Inexperienced Bonds — that are among the many largest within the non-public sector — to develop new sources of renewable vitality. Greater than $500 million of the corporate’s 2019 Inexperienced Bond proceeds have been allotted to wash vitality tasks. This consists of the world’s largest onshore wind generators, which energy the corporate’s information middle in Viborg, Denmark, with all surplus vitality going again into the Danish grid.
Over the following yr, Apple will broaden the Viborg information middle’s operations and construct new infrastructure to seize extra warmth vitality for the town’s long-term profit. As with its information facilities, all Apple places of work and retail shops throughout 44 nations have sourced 100% clear vitality since 2018, together with by means of Inexperienced Bond proceeds.
In 2021, Apple’s 2019 Inexperienced Bond helped help its Provider Clear Power Program, together with allocations to coaching and sources to assist information suppliers of their transition to wash energy, and coverage advocacy efforts in Japan, Vietnam, and South Korea to assist construct cost-effective renewable vitality markets. Greater than 175 manufacturing companions throughout 24 nations have now dedicated to utilizing 100% renewable vitality for Apple manufacturing, a important milestone towards making certain each Apple product has a net-zero local weather impression.
For extra data on Apple’s Inexperienced Bond efforts, go to investor.apple.com/Apple_GreenBond_Report.pdf. This yr’s annual impression report covers the cumulative allocation of Apple’s 2019 Inexperienced Bond proceeds to environmental tasks that incurred spend between September 29, 2019, and September 25, 2021 — Apple’s 2020 and 2021 fiscal years. Sustainalytics supplied a second-party opinion on the chosen tasks, and Ernst & Younger LLP supplied an attestation report on the spend.
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