Apple has issued $1.5 billion in bonds to help fund clean energy across the company.
Lisa Jackson, Apple’s vice president of environment, policy and social initiatives, told Reuters “this will allow investors to show they will put their money where their hearts and concerns are.”
Apple says the bonds will help fund clean energy projects that touch just about every part of the company. Green building initiatives (like Apple’s incoming ‘spaceship’ campus) and resource conservation efforts like Apple’s goal of creating its own supply chain for packaging materials are already underway.
The bond initiative was spearheaded at the recent UN Climate Summit, where Jacksons aid hundreds of companies pledged greener investments moving forward. Apple will adhere to green bond principles established by Blackrock and JP Morgan Chase & Company.
It doesn’t seem to be a long game, either. Reuters says Apple plans to spend most of the proceeds within two years of the bonds being issued.
The 💜 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
➤ Apple Wants To Raise $1.5 Billion To Finance Clean Energy [Reuters]
Get the TNW newsletter
Get the most important tech news in your inbox each week.