Apple has successfully secured an additional $80 million investment for its Restore Fund, a pivotal move that escalates the fund's total investment to $280 million. This fund is instrumental in financing projects focused on eliminating carbon dioxide emissions through natural methods. The significant contributions come from Taiwan Semiconductor Manufacturing Company (TSMC) and Murata Manufacturing, with TSMC pledging $50 million and Murata contributing $30 million.
Close-up of tree seedlings in a forest in South America. AI generated picture.
Launched in 2021 and overseen by Climate Asset Management, a collaborative effort between HSBC Asset Management and Pollination, the Restore Fund is at the forefront of environmental preservation. Apple also unveiled the inaugural partners of the fund, highlighting a collaborative effort with Goldman Sachs and Conservation International to manage forestry investments sustainably.
These partnerships aim to foster the development of eco-certified forests, primarily on rehabilitated lands in South America, marking a step towards sustainable environmental stewardship. Apple is optimistic that these efforts will help the Restore Fund surpass its ambitious target of removing over 1 million tonnes of carbon dioxide from the atmosphere by 2025.
Read our case study: Apple: a pioneer in carbon neutrality
Integral to Apple's broader environmental strategy, dubbed 'Apple 2030', the fund supports the tech giant's objective to achieve carbon neutrality across its entire value chain by the end of this decade. TSMC and Murata, key players in Apple's supply chain, have also committed to sourcing 100% renewable energy for all Apple product manufacturing by 2030, reinforcing the collective drive towards sustainable practices.
Read more: DGB Group's bold steps towards biodiversity conservation and plastic reduction
Nature-based solutions extend beyond mere carbon emission mitigation, embodying a comprehensive strategy for sustainable development. The successful outcomes of DGB Group’s nature-based projects, including reforestation, afforestation, and the introduction of energy-efficient cookstoves, underscore the significant, transformative role that such nature-oriented initiatives can play. By collaborating with local communities, governmental bodies, and various stakeholders, our endeavours are conducted with a strong sense of social and environmental integrity, delivering real advantages to both the communities and natural habitats involved. Furthermore, our commitment to excellence is reinforced by adherence to top-tier certification standards, ensuring the effectiveness and positive impact of our projects.
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