Story image

New $300m fund launched by Apple for a cleaner China

13 Jul 2018

Apple has announced that it will be continuing its efforts to clean up climate change in a world increasingly reliant on technology.

The company and 10 initial suppliers will jointly invest almost US$300 million over the coming four years into the new China Clean Energy Fund.

The new fund has been created to invest in and develop clean energy products totalling more than 1 gigawatt of renewable energy, which equates to powering nearly one million homes.

”At Apple, we are proud to join with companies that are stepping up to address the climate challenge,” says Apple vice president of environment policy and social initatives Lisa Jackson.

“We’re thrilled so many of our suppliers are participating in the fund and hope this model can be replicated globally to help businesses of all sizes make a significant positive impact on our planet.”

It’s no secret that China’s environment and consequently the health of its citizens has taken a serious hit following the technology revolution and its economic boom.

Thus, investment into solutions to reduce the pollution has become a top priority for authorities, with Greenpeace issuing a warning that electronics manufacturing in particular uses a substantial amount of energy in China, drawing on coal power stations.

A significant amount of Apple’s products are manufactured in China before being shipped around the world (in addition, around 20 percent of the company’s sales are made within China), hence the company feels it has an obligation to lead cleaner practices in the country.

Earlier this year Apple revealed that all of its retail stores, data centers, and corporate offices are running on 100 percent clean energy, while more than 20 of its suppliers have committed to powering their production for the company from exclusively clean energy sources.

While Apple has invested money into China’s wind and solar energy industries in the past, the new fund is completely separate. Some of the big component suppliers participating in Apple’s fund include:

  • Catcher Technology
  • Compal Electronics
  • Corning Incorporated
  • Golden Arrow
  • Jabil
  • Luxshare-ICT
  • Pegatron​
  • Solvay​
  • Sunway Communication
  • Wistron​

However, there are still various suppliers for Apple that are yet to commit to the initiative.

The silver lining in Australia’s Government cloud strategy
Cloud has been a huge part of the ‘digital transformation’ conversation within Australian government during recent years.
Aerohive achieves ISO/IEC 27001 cloud platform certification
Aerohive is the first cloud-managed networking vendor recognized by a global standard for commitment to information security management systems.
Is Google’s Stadia feasible with today’s data centres?
To get a better idea of the sheer audacity behind Google’s latest move, we spoke to Unitas Global chief technical officer Grant Kirkwood.
Survey: IT pros nostalgic over on-prem data centre visibility
There are significant security and monitoring challenges faced by IT staff responsible for managing public and private cloud deployments.
61% of CIOs believe employees leak data maliciously
Egress conducted a survey to examine the root causes of employee-driven data breaches, their frequency, and impact.
VMware allures APJ channel veteran to take the reins
Balasingam will take on the role of vice president for VMware’s partner business in Asia Pacific and Japan (APJ).
Security top priority for Filipinos when choosing a bank - Unisys
Filipinos have greatest appetite in Asia Pacific to use biometrics to access banking services
Opinion: Modular data centers mitigate colocation construction risks
Schneider's Matthew Tavares believes modular data centers are key for colocation providers seeking a competitive advantage with rapid deployment.