Apple aims to create a sustainable future for itself and the planet.
Apple is committed to reducing its environmental impact by conserving resources, reducing its carbon footprint, and responsibly sourcing materials.
Founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has since become one of the world’s largest companies, with a market capitalization of over $2 trillion as of 2021. The company’s headquarters is located in Cupertino, California, and it has offices and stores around the world.
Apple Inc., an American multinational technology company headquartered in Cupertino, California has released a 2023 Environmental Progress Report which provides insight into their current goals and initiatives towards a more sustainable future. The 2023 Environmental Progress Report provides insight into the company’s current goals and initiatives towards a more sustainable future. Apple is committed to carbon neutrality, reducing emissions in the supply chain, transitioning to a circular economy, and water stewardship.
Commitment to Carbon Neutrality
The world’s largest technology company by revenue, with US$394.3 billion in 2022 revenue is committed to becoming carbon neutral across its entire business, including manufacturing and transportation, by 2030. In the 2023 Environmental Progress Report, the mobile technology leader reported that they have already achieved 100% renewable electricity for their global operations, which includes their offices, retail stores, and data centers. Additionally, Apple is actively working with its suppliers to transition to renewable energy, with the goal of having 8 GW of installed clean energy generation capacity by 2030.
Reducing Emissions in the Supply Chain
The supply chain contributes to a significant portion of Apple’s carbon footprint, and Apple recognizes the importance of addressing emissions in this area. The company is working with its suppliers to implement energy efficiency measures and transition to renewable energy sources. In the 2023 Environmental Progress Report, Apple reported that over 110 suppliers have committed to using 100% renewable energy for Apple production, and that the company has avoided over 15 million metric tons of CO2e through its Supplier Clean Energy Program since 2015.
Circularity and Materials Innovation
Apple, the world’s biggest company by market capitalization is committed to transitioning to a circular economy, where products are designed to be reused, refurbished, or recycled at the end of their life cycle. In the 2023 Environmental Progress Report, Apple reported that they have made progress towards this goal by designing products with recycled materials, reducing product packaging, and implementing programs for customers to recycle their old devices. Additionally, the tech innovator is investing in materials innovation to find alternatives to critical raw materials, reduce waste, and improve product durability.
Water Stewardship
Apple which has launched the company’s first retail store in India in the financial capital Mumbai recognizes the importance of water conservation and management, particularly in areas where water scarcity is a concern. In the 2023 Environmental Progress Report, Apple reported that they are working to reduce water usage in their operations and supply chain, with the goal of conserving 5 billion gallons of water per year by 2025. Apple is also investing in water restoration projects in water-stressed regions, including a project in California to restore wetlands and improve water quality.
Source: PTI
