The tech giant’s latest investment in tackling climate change follows last year’s $1.5 billion green bond sale. Proceeds from this latest bond will be earmarked for eco-friendly projects, with solar at the forefront.
Technology giant Apple has served up the perfect riposte to U.S. President Donald Trump’s disavowal of the Paris Agreement by issuing $1 billion of green bonds with the explicit instruction that proceeds raised be steered towards clean energy and eco-friendly projects.
The iPhone maker has long been a supportive advocate of solar power, and last year issued the biggest ever green bond sold by a U.S. company when it sold $1.5 billion worth of green bonds.
This second foray follows Apple’s signing of an open letter in which the company, and others, pledged to continue supporting efforts to meet the Paris Agreement. Having seen his efforts to dissuade Trump from withdrawing from the agreement fall on deaf ears, Apple CEO Tim Cook has, with this green bond issuance, taken tangible steps towards meeting the firm’s environmental and social initiatives.
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