Apple issues billion-dollar ‘green’ bond to support clean projects
Just because Trump withdrew the United States from the Paris climate agreement doesn’t mean the American people are going to go along with him. Cities, states and private companies from around the nation have already pledged to abide by the rules set forth in that accord, even if the federal government won’t. And, on Tuesday, Apple put its money where its resistance is by issuing a billion dollar bond for financing clean energy and other green projects.
This move comes a year after the company issued a similar $1.5 billion bond after the Paris climate agreement was ratified in 2015. “Leadership from the business community is essential to address the threat of climate change and protect our shared planet, Lisa Jackson, Apple’s vice president of environment, policy and social initiatives, told Reuters.
That money will go towards efforts to improve the energy efficiency of Apple’s own facilities, as well as throughout its supply chain, by financing renewable energy, procuring more recycled and renewable source materials so as to reduce its need to mine for them. For example, one of the 16 projects that Apple financed with its original bond last year was Liam, the robotic iPhone disassembler.