Apple and partners launch first-ever $200 million Restore Fund…
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Photo caption: Apple and Conservation International have partnered with local conservation organizations in Kenya to restore degraded savannas in the Chyulu Hills region. […] Photo: Charlie Shoemaker for Conservation International. Apple Press Release – April 15, 2021.
Investment builds on the company’s forestry and responsible packaging innovations to deliver new financial and climate returns
Cupertino, California — Apple today announced a first-of-its-kind carbon removal initiative — called the Restore Fund — that will make investments in forestry projects to remove carbon from the atmosphere while generating a financial return for investors. Launched with Conservation International and Goldman Sachs, Apple’s $200 million fund aims to remove at least 1 million metric tons of carbon dioxide annually from the atmosphere, equivalent to the amount of fuel used by over 200,000 passenger vehicles, while demonstrating a viable financial model that can help scale up investment in forest restoration. […]
