Apple promises carbon neutrality by 2030

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Apple promises carbon neutrality by 2030

The firm said it will reduce emissions by 75% and that the remaining 25% will compensate it with “innovative carbon removal solutions.”

Tech giant Apple promised on Tuesday that all of its operations, including manufacturing processes, will be carbon neutral by 2030, one more step to fight climate change.

The company, whose corporate operations are already carbon neutral, assured that the climate impact of any device it sells will be nil.

Apple said it will reduce emissions 75% by 2030, and that the remaining 25% will offset them with “innovative carbon removal solutions.”

These operations include investments in projects to restore the Kenyan savannas and a mangrove swamp in Colombia to remove or store carbon.

“Businesses have a great opportunity to help build a more sustainable future, one born out of our common concern for the planet we share,” said Apple CEO Tim Cook.

The tech giant said more than 70 suppliers have pledged to use 100% renewable energy in their production for Apple.

Precisely, it was learned that the firm will soon invite a company from mainland China to the exclusive club of global iPhone assemblers, marking the biggest change to a production model of a decade just as tensions between Washington and Beijing intensify.

Luxshare Precision Industry Co. reached an agreement to acquire the iPhone unit from Wistron Corp. and became the first company in mainland China to assemble the Apple device. It is another victory for a company that went from making cables and antennas to AirPods, and its shares rose as much as 7% on Monday, while Wistron reported a drop of as much as 10%.

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The introduction of a local Chinese star helps Apple earn points with Beijing, at a time when Washington officials accused it of supporting the Chinese government. It also shakes up Apple’s supply chain by threatening to take business away from long-time partners Hon Hai Precision Industry Co. and Pegatron Corp. Pegatron fell nearly 4%, while Hon Hai, also known as Foxconn, closed lower. 1.4%.

“Apple is introducing Luxshare into the iPhone assembly business to further reduce its costs, while this reflects that Taiwanese companies are beginning to get rid of low-margin Apple businesses,” said Tsai Ming-fang, economist. University of Tamkang University, based in Taipei. “This change may further drive Taiwanese companies to withdraw from China as margins continue to decline as contract manufacturing becomes more standardized.”

Exercising enormous influence over big changes among its major suppliers, Apple has sought a Chinese mainland partner in part to expand its sources of production during an intense trade war between the United States and China.

 

Originally posted 2020-07-27 13:28:12.