Apple: our $4.7B billion in Green Bonds support innovative green technology

On its Newsroom site, Apple says that investments from its S$4.7 billion in Green Bonds have helped jump-start the development of new low-carbon manufacturing and recycling technologies.

Apple and Green Bonds

The tech giant has issued three Green Bonds since 2016, with projects showcasing how the investments can reduce global emissions and bring clean power to communities around the world.

As part of this work, Apple is purchasing direct carbon-free aluminum following a major advancement in smelting technology to reduce emissions. The aluminum is the first to be manufactured at industrial scale outside of a laboratory without creating any direct carbon emissions during the smelting process. The company intends for the material to be introduced in the iPhone SE.

In total, Apple says it’s issued $4.7 billion to accelerate progress toward the company’s goal to become carbon neutral across its supply chain by 2030. Its first two bonds in 2016 and 2017 are now fully allocated. The 2019 Green Bond is supporting 50 projects, including the low-carbon aluminum breakthrough. These 50 projects will mitigate or offset 2,883,000 metric tons of CO2e, install nearly 700 megawatts of renewable energy capacity around the world, and promote new recycling research and development.

Green aluminum smelting

ELYSIS, the company behind the world’s first direct carbon-free aluminum smelting process, announced that it has produced the first commercial-purity primary aluminum at industrial scale for use in Apple products. The technology produces oxygen instead of greenhouse gases.

Apple will purchase this first batch of commercial-purity, low-carbon aluminum from ELYSIS for intended use in the iPhone SE. This aluminum was produced by ELYSIS at its Industrial Research and Development Centre in Quebec using hydropower.

Apple says it helped spur this revolutionary advancement in aluminum production through an investment partnership with Alcoa, Rio Tinto, and the governments of Canada and Quebec that began in 2018. The following year, the tech giant purchased the first-ever commercial batch of aluminum resulting from the joint venture, using it in the production of the 16-inch MacBook Pro.