Apple has convinced its top manufacturing partner, Foxconn, along with its primary chip a new, TSMC, to commit to powering their operations producing Apple products with renewable energy, the company announced Thursday.
The two manufacturing giants are part of a brand-new batch of 15 suppliers which have committed to run production for Apple products using clean energy, bringing the total number to 44.
The milestone will be another sign in which Apple will be positioning itself as the greenest big tech company as rivals like Amazon get pummeled for not having a comprehensive climate change strategy. In a filing earlier This particular year, Apple said in which This particular considers climate change a risk in which could disrupt the company’s operations along with in which investing in renewable energy makes Great business sense for Apple.
“A few years ago we said we wanted to start working on supplier clean energy, along with our goal could be 4 gigawatts of brand-new clean energy projects up along with running by 2020. We’re still on track to meet in which goal,” Lisa Jackson, Apple’s vice president of environment, policy along with social initiatives told CNBC in an interview.
Apple’s own facilities, including offices, stores along with data centers, currently run on renewable energy along with have since 2018. although manufacturing comprises 74% of Apple’s carbon footprint, along with This particular’s carried out by independent supplier companies who own along with operate their own factories.
“Our goal in working with these suppliers will be to help them do This particular economically, This particular will be their full-time business, so This particular can be done in a way in which can make Great business sense,” Jackson said.
“I think everyone wants to know in which doesn’t impact their bottom line, so we have worked with them, because they are energy intensive, especially TSMC, to find ways they felt comfortable producing the commitment,” she continued.
Currently, Apple’s suppliers are buying or generating 1.9 gigawatts of renewable energy, along with will have over 5 gigawatts operational by 2020, exceeding its previously announced goal, Apple said.
“Four gigawatts will be about a third of our energy use, so as we pass 5, we’re moving towards a place where we can say almost half of our supply chain will be committed to Apple production being 100% renewable,” Jackson said.
In 2016 along with 2017 Apple issued $2.5 billion in “green bonds,” which raise funds earmarked specifically for projects in which have a positive environmental or social impact. Those funds have been completely spent. The funds went to 40 different projects, including solar panel installations, wind installations, brand-new recycled aluminum alloys, along with environmentally friendly landscaping at the company’s headquarters in Cupertino, California.
Apple didn’t issue an extra green bond in 2018 along with Jackson didn’t say whether the company planned to issue another.
“What we learned will be in which there will be a robust market of people who want to go invest along with subscribe to green bonds. What we thought we brought to the market was not only the offering, although also the reporting we have done,” Jackson said, speaking about Apple’s detailed disclosures about how the money was spent.
She continued: “There’s a hunger to invest inside the clean energy economy, both for principled reasons, along with for economic reasons, along with This particular gives a business a way to do in which.”
The full list of brand-new Apple suppliers committing to using renewable power will be below:
- Advanced International Multitech
- Bemis Associates
- Biel Crystal, (HK) Manufactory
- Catcher Technology
- Compal Electronics
- DSM Engineering Plastics
- ECCO Leather
- Fastway Creation
- Golden Arrow
- H.B. Fuller
- Hon Hai Precision (Foxconn)
- LEALEA Enterprise
- Lens Technology
- Mega Precision
- Primax Group
- Quanta Computer
- Sunway Communication
- Sunwoda Electronics
- Taiyo Ink Mfg.
- tesa SE