Apple's Major Investment in China's Clean Energy

In a significant move towards sustainability, Apple Inc. CEO Tim Cook announced via a Weibo post that the company is investing 720 million yuan (approximately $100 million) into a clean energy fund in China. This initiative underscores Apple's commitment to environmental responsibility and its ambitious goal to power its entire supply chain with renewable energy by 2030.

Expanding Renewable Energy Capacity

Cook highlighted that two-thirds of Apple's supply chain in China already operates on renewable energy. The new fund is expected to add about 550,000 megawatt-hours of wind and solar capacity to China's grid annually, with potential for growth. This effort builds on the foundation laid by the first China Clean Energy Fund established in 2018.

Strengthening Supplier Collaboration

Apple COO Jeff Williams emphasized the importance of collaboration with Chinese suppliers in advancing smart and green manufacturing. "With the launch of the second China Clean Energy Fund, we're proud to deepen our collaboration with suppliers across China to drive innovation," Williams stated, showcasing Apple's dedication to fostering sustainable practices within its supply chain.