GlobalData offers a comprehensive analysis of Apple, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Apple‘s ESG performance. GlobalData’s company profile on Apple offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

Apple aims to achieve net zero starting from its fiscal year 2030 carbon footprint, with an ambitious goal to attain carbon neutrality throughout the company's entire carbon footprint, encompassing the full product life cycle, by 2030. Apple also plans to improve its accounting of recycled content over time and currently quantifies the carbon savings from the use of recycled aluminum.

In terms of greenhouse gas emissions, Apple calculates emissions using a life cycle assessment methodology. The emissions from the production, transportation, and end-of-life processing of its products are taken into account. The company recognizes that even clean sources of electricity have residual carbon emissions and includes this in its calculations. Apple also estimates the percentage of electricity-related emissions in its manufacturing that is sourced from clean electricity.

Since 2016, Apple actively promoted green bonds, issuing a total of $4.7 billion since February 2016, with over $3.2 billion allocated. The 2019 Green Bond proceeds prioritize projects aligned with Apple's carbon neutrality roadmap, addressing emissions through product design, energy efficiency, and renewable energy to achieve a 75% reduction by 2030. Residual emissions will be tackled through investments in carbon removal solutions. The FY 2022 update estimates that the 59 projects funded by the 2019 Green Bond will mitigate or offset 13,585,915 metric tons of CO2e and install 707 MW of renewable energy capacity.

Apple is helping its suppliers transition to 100% clean sources of electricity through its Supplier Clean Energy Program. It is also using bio-based plastics and low-carbon materials in its products to reduce reliance on fossil fuels. Apple is working to eliminate plastics, increase recycled content, and use less packaging overall. The company is also prioritizing less carbon-intensive shipping modes, such as rail and ocean, to transport its products.

In terms of current achievements, Apple has made substantial progress in reducing its carbon footprint towards the 2030 goal. For instance, the greenhouse gas emissions of the 16-inch MacBook Pro with M3 Pro 512GB storage configuration have been reduced by 41% compared to a baseline scenario. Other notable achievements include incorporating 6% recycled or renewable content and securing 40% of manufacturing electricity from supplier clean energy projects. The company also prioritizes sustainable packaging, using fiber-based materials with a high percentage of recycled content. Apple is committed to responsible sourcing of materials and uses recycled or renewable materials in its products whenever possible.

In conclusion, Apple is actively working towards reducing emissions. The company is taking steps to reduce its carbon footprint, including transitioning to clean sources of electricity, using recycled and low-carbon materials, and improving packaging sustainability. Apple has already achieved significant reductions in emissions and continues to prioritize environmental sustainability in its operations.

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.