Apple to Become Carbon Neutral by 2030

Publish date:
Video Duration:

Apple undefined is becoming carbon neutral by 2030.

On Tuesday, the iPhone and computer company unveiled its plan to become carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030.

The company said the commitment means that "by 2030, every Apple device sold will have net zero climate impact."

“Businesses have a profound opportunity to help build a more sustainable future, one born of our common concern for the planet we share,” said Apple's CEO Tim Cook. “The innovations powering our environmental journey are not only good for the planet — they’ve helped us make our products more energy efficient and bring new sources of clean energy online around the world."

"Climate action can be the foundation for a new era of innovative potential, job creation, and durable economic growth. With our commitment to carbon neutrality, we hope to be a ripple in the pond that creates a much larger change," he added.

Apple’s 10-year climate roadmap includes low carbon product design, expanded energy efficiency, renewable energy, process and material innovations and carbon removal.

It's worth noting that other big tech companies have already pledged their support to combat climate change.

In January, Microsoft  (MSFT) - Get Microsoft Corporation (MSFT) Report pledged to go carbon negative by 2030.

"While the world will need to reach net zero, those of us who can afford to move faster and go further should do so,” Microsoft President Brad Smith said in a statement, while making the announcement.

In 2019, Amazon  (AMZN) - Get, Inc. Report pledged to become carbon neutral by 2040. In addition to this, in June, the company also announced $2 billion investment fund to combat climate change.

It's worth mentioning that tech giant Google  (GOOGL) - Get Alphabet Inc. Class A Report has been a pioneer in tackling the climate change issue. The company has been carbon neutral since 2007

Latest Videos From TheStreet and Jim Cramer:

Related Videos