🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Apple says more suppliers committing to renewable energy

Published 05/04/2023, 11:03 pm
Updated 05/04/2023, 11:31 pm
© Reuters. FILE PHOTO: The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. REUTERS/Yves Herman

By Stephen Nellis

(Reuters) - Apple Inc (NASDAQ:AAPL) on Wednesday said that more of its supply chain is committing to use renewable energy in producing the company's iPhones, Macs and other products.

Apple said suppliers are supporting 13 gigawatts of active renewable energy projects, up from 10 gigawatts last year. Apple suppliers have made commitments to support an eventual total of 20 gigawatts of projects, up from a total of 16 gigawatts a year before, the company said.

Apple says its own operations have been carbon-neutral since 2020, but the company has been working to extend that promise to its entire global supply chain by 2030. Some of Apple's biggest suppliers such as Foxconn have been part of its clean energy program since 2019.

© Reuters. FILE PHOTO: Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts

Apple on Wednesday said that 250 of its suppliers have pledged to use renewable energy for Apple production, up from 213 suppliers the year before. The 250 suppliers represent about 85% of Apple's direct manufacturing spending, the company said.

In China, 70 suppliers have made clean energy pledges for Apple production, up from 55 last year, the company said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.