The environmental initiatives of Apple are not limited to taking the charger out of the iPhone case. The company announced today that it will invest more $200 million in the call Restore Fund — initiative carried out in partnership with the bank Goldman Sachs it’s at Conservation Internationalwhose objective is to protect and restore critical ecosystems, in addition to neutralizing carbon emissions, including those from activities that fail to mitigate their pollution.
The fund is managed by a joint venture between the HSBC Asset Management it’s at Pollinationcall Climate Asset Management. The idea of the initiative is to remove a million tons of carbon dioxide per year by 2025 at peak efficiency, while also generating financial returns for investors and offering ways to incorporate decarbonisation solutions.
O Restore Fund it is an innovative investment strategy that generates real and measurable benefits for the planet, as well as generating a financial return. The path to a carbon-neutral economy requires deep decarbonization combined with responsible carbon removal, and innovations like this can help accelerate the pace of progress.
—Lisa Jacksonsenior vice president of environmental, political and social initiatives at Apple
The fund supports two types of projects: those for agriculture (which generate income from sustainable practices) and those for the conservation and restoration of important ecosystems for capturing carbon from the atmosphere. This structure ensures that both environmental and financial interests are met, also advancing the development of a model that uses the global potential of carbon removal, following the appropriate established standards.
Executed in Brazil e no Paraguaythe three investments of the Restore Fund have the goal of restoring more than 60 thousand hectares of forests certified as in sustainable operation, as well as about 40 thousand hectares of native forests, grasslands and swamps. The company recalled the importance of removing carbon, in accordance with the guidelines of the Intergovernmental Panel on Climate Change (IPCC) of the United Nations.
Apple also recalled that it is already carbon neutral and that it has the goal of neutralizing the emissions of all its operations by 2030, in addition to compensating for those that cannot be mitigated. Maçã also encourages its suppliers to adopt more sustainable practices, aiming to reduce all its emissions by 75% by 2030.
To monitor the fund’s impact, the company is making use of various technologies, such as a solution from Space Intelligenceplatforms of Upstream Tech and satellite images from Max. The data helps quantify the impact of the initiative, as well as ensuring that projects meet established standards. Apple also said it is exploring possibilities to use the iPhone’s LiDAR sensor for monitoring.
Pretty cool, huh?