Apple and its 10 initial suppliers will jointly invest nearly $300 million over the next four years into the China Clean Energy Fund focused on renewable energy sources.
The initial suppliers participating in the China Clean Energy Fund include: Catcher Technology; Compal Electronics; Corning; Golden Arrow; Jabil; Luxshare-ICT; Pegatron; Solvay; Sunway Communication and Wistron.
The fund will invest in and develop clean energy projects totaling more than one gigawatt of renewable energy in China, the equivalent of powering nearly one million homes.
”At Apple, we are proud to join with companies that are stepping up to address the climate challenge,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives.
“We’re thrilled so many of our suppliers are participating in the fund and hope this model can be replicated globally to help businesses of all sizes make a significant positive impact on our planet,” added Jackson.
The China Clean Energy Fund will be managed through a third party, DWS Group, which specializes in sustainable investments and will also invest in the fund.
Apple is investing in over 485 megawatts of clean energy projects across six provinces in China, to address upstream emissions in our supply chain.