Apple Suppliers Donate to Restore Fund for Sustainable Forests and Other Carbon Removal Projects
Apple today announced that suppliers Taiwan Semiconductor Manufacturing Company (TSMC) and Japanese company Murata Manufacturing are investing in its Restore Fund, a program aimed at scaling investments in high-quality nature-based carbon removal while also protecting critical ecosystems.
TSMC is investing up to $50 million and Murata is investing up to $30 million, with the money managed by Climate Asset Management. Apple established the Restore Fund in 2021 with a $200 million donation, and expanded it in 2023 with another $200 million.
Apple is using some of the money to support the creation of sustainably certified working forests on degraded pasture and agricultural lands in South America. The project is meant to meet increasing global demand for timber while reducing pressure on natural forests.
Two of the partners that Apple is working on the forests have planted eucalyptus, an ideal tree for sustainable forests because of its fast growth rate, ability to restore degraded land, and lower water consumption than other kinds of trees.
Apple's third partner is developing sustainable forests of tropical hardwoods native to Brazil's Atlantic Forest, with some of the land also going toward restoring tree species that are nearing extinction. The Restore Fund will be used for other projects that focus on ecosystem conservation and restoration, with selection underway. Apple set a goal of removing 1 million metric tons of carbon dioxide from the air by 2025, which it is on track to exceed.
Apple wants to be carbon neutral across its entire supply chain by 2030. More than 300 suppliers have signed up for the Supplier Clean Energy Program that commits them to achieving 100 percent renewable energy for all Apple production by the end of the decade, and Apple has also asked its partners to decarbonize their Apple-related operations.
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Top Rated Comments
And it's hilarious that people have comments downvoted just because they suggest companies should be better about prolonging the lifecycles, upgradability and serviceability of their products.
The refresh cycle of iPhones and Apple Watch, are in particular, too high now considering the market is saturated and matured. They need to focus on bigger updates between generations. That leaves more time for R&D, optimisation and quality control between releases.
Apple could easily create a system for Macs where the logic board can be swapped out easily, either at home or at Apple Store, to upgrade a device from one M series to another. That way you'd actually have the ability to upgrade RAM if your workload changed, and you wouldn't have to get an entire new system ?
A win-win Id say.
You're not really decarbonising (and making sustainable) the lifecycle of that product. Thats way, way harder to do. Requiring new technologies, processes and materials (that use less power, produce less waste, non toxic waste). Hopefully Apple can lead some aspects of this better way to sustainability.
https://www.telegraph.co.uk/politics/2023/07/19/snp-chopped-down-16m-trees-develop-wind-farms-scotland/#:~:text=Almost%2016%20million%20trees%20have,drive%20to%20erect%20more%20turbines.