Apple plans to decarbonize supply chains by 2030

I- Apple is working to reduce its environmental impact by 2030 Apple plans to reduce their 2030 greenhouse gas emissions by 75%. They are ...

I- Apple is working to reduce its environmental impact by 2030

Apple plans to reduce their 2030 greenhouse gas emissions by 75%. They are focused on creating nature-oriented solutions for the remaining 25% that can't be handled with current technology.

The company launched the RESTORE Fund last year; it uses money to fund projects intended to increase the climate benefits of landscapes through tree planting and improved forest management practices.

Apple has set a goal of removing one million tons of carbon from the atmosphere every year. This was accomplished thanks to $200 million pledged to funds managed by Goldman Sachs.

Apple reduced the amount of carbon dioxide in their environment by 4.3 million tons in 2019. The company attributed this to many of their product design changes that increased the recyclability of their products and made them easier to disassemble.

Apple's energy consumption has decreased by 73% over 11 years thanks to the manufacture of their products.

Apple claims implementing their current technology forced them to reduce emissions by 25%. Despite this fact, Apple said unavoidable emissions reductions from their suppliers pushed them to make this decision.

In the company's plans for 2025, they fund three global forestry projects that remove one million tons of carbon dioxide from the atmosphere.

II- Decarbonizing supply chains is a complex process

Many companies' decarbonization plans focus on reducing emissions by 73%. These plans involve cutting emissions by 73% through the companies' supply chains.

Many emerging markets for tech companies depend on fossil fuels to power their systems. As a result, they might sever ties with suppliers with high emissions.

Standard Chartered states that 78% of businesses plan to remove suppliers that threaten their carbon transition plans.

Suppliers have to eliminate costly alternatives when costs increase. This leads to supply chains severing and no reduction in emissions as new markets are pursued.

Standard Chartered’s global head of environmental and social risk management, Amit Puri, stated that companies should avoid decarbonizing their supply chains as a last resort. He pointed out that the United States started the climate change process from a different place than other countries. This means that American businesses can work with their vendors in other countries to speed up decarbonization.

Companies with preferred supplier agreements support significant environmental projects thanks to financial support from the agreement. Suppliers chosen by the agreement help fund any improvements made on a project.

Businesses require specific conditions to be met before they approve a contract. Some of these conditions include that a business’s solar panel supplier builds a large rooftop solar panel to separate their facility from the coal-fired grid. Also, shipping companies may need to switch from diesel-powered trucks to ammonia-powered ones.



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Sustainable Investing: Apple plans to decarbonize supply chains by 2030
Apple plans to decarbonize supply chains by 2030
Sustainable Investing
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