Apple broadens its Carbon Removal Restoration Initiative
Apple has announced the expansion of its Restore Fund, a programme aimed at protecting and restoring critical ecosystems while scaling natural carbon removal solutions. The new portfolio of the Restore Fund, which was first launched in 2021, is projected to remove 1 million metric tons of carbon dioxide per year at its peak.
The Restore Fund invests in two distinct types of projects: nature-forward agricultural projects and projects that conserve and restore critical ecosystems. Apple's initial investments, made in collaboration with Conservation International and Goldman Sachs, aim to restore 150,000 acres of sustainably certified working forests and protect an additional 100,000 acres of native forests, grasslands, and wetlands.
To monitor and measure the impact of these projects, Apple is deploying innovative remote sensing technologies. These include Space Intelligence's Carbon and Habitat Mapper, Upstream Tech's Lens platform, and high-resolution satellite imagery from Maxar. Detailed maps constructed from these technologies will help ensure that projects meet Apple's high standards prior to investment and will quantify and verify the projects' carbon removal impact over time.
Apple has also committed an additional $200 million to the Restore Fund. Climate Asset Management will manage the new portfolio. All Restore Fund investments are subject to rigorous social and environmental standards.
In its commitment to combat climate change, Apple has called on its suppliers to become carbon neutral across all Apple-related operations by 2030. Over 250 manufacturing partners have already committed to power their Apple production with 100 percent renewable energy by 2030.
Apple is further exploring the use of the LiDAR Scanner on iPhone to enhance monitoring capabilities on the ground. The Restore Fund offers a new way for Apple suppliers to incorporate high-impact carbon removal projects as they decarbonize.
The Restore Fund is part of Apple's comprehensive roadmap to become carbon neutral for its entire supply chain and life cycle of every product by 2030. Apple aims to reduce 75 percent of all emissions by 2030 and balance the remaining emissions with high-quality carbon removal.
For more information about the Restore Fund, please contact Apple's press contacts at media.help@our website. Unfortunately, no images are provided in this article, and no option to download images is available.
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