This fund seeks to focus global investment towards carbon reduction through natural methods, below we explain how.
Sustainable actions to reduce carbon emissions
TSMC, known for specializing in semiconductor manufacturing, has committed to investing up to $50 million, managed by Climate Asset Management, result of the alliance between HSBC Asset Management and Pollination. On the other hand, Murata, a major contributor in the supply chain for the creation of Apple devices such as the iPhone and based in Japan, is added with an investment of up to 30 million dollars. These contributions are in addition to Apple's initial $200 million investment, bringing the fund's total capital to 280 million dollars. A common fund, the Restore Fund, which aims to mitigate the environmental impact and destruction of the planet.
What is Restore Funds?
Since launching in 2021, the Restore Fund has established key partnerships for the initial phase of the project. With the support of Apple, Goldman Sachs y Conservation International, the fund also works with forestry experts. The goal is to create sustainable certified forests in agricultural and livestock areas showing signs of degradation in South America, with the intention of removing more than one million metric tons of carbon dioxide from the atmosphere by 2025.
Lisa Jackson, vice president of Environment, Policy and Social Initiatives at Apple, highlighted in this announcement the importance of business investments in nature, not only for its positive impact on the environment but also for its contribution to community development and Fight against him climate change. He Restore Fund It is already providing solutions in South American communities and ecosystems, getting closer to the company's carbon neutrality goal.
The project selection process for the Restore Fund It is quite specific and for this to happen the projects must meet strict environmental, social and governance criteria. This strict analysis guarantees that only the most impactful projects are selected, discarding the majority of initial proposals.
Apple uses its own tools such as iPhone LiDAR scanner, satellite data and machine learning to monitor forest growth and validate carbon stocks, ensuring that your projects are fulfilled and that the measures adopted are effective.
The fund's current projects share the mission of developing new forests that are productive. Entities such as Arbaro Advisors, BTG Pactual Timberland Investment Group and Symbiosis lead these projects.
The new participation of TSMC y Murata in it Restore Fund demonstrates Apple's suppliers' continued commitment to sustainability, joining more than 300 companies that have committed to using 100% renewable energy in their Apple-related operations by 2030. Beyond production, Apple is asking its suppliers to completely eliminate carbon emissions from its operations.
