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Apple s $4 7 Billion Green Bond Spend is Helping to Create 1 2 Gigawatts of Clean Power

Press release content from Business Wire. The AP news staff was not involved in its creation. Apple’s $4.7 Billion Green Bond Spend is Helping to Create 1.2 Gigawatts of Clean Power March 17, 2021 GMT CUPERTINO, Calif. (BUSINESS WIRE) Mar 17, 2021 Apple®’s newly completed renewable projects, part of the company’s planned $4.7 billion Green Bond spend, are bringing clean energy to local communities while reducing carbon emissions. In 2020, Apple funded 17 Green Bond projects that will avoid an average of 921,000 metric tons of carbon emissions annually, which is equivalent to removing nearly 200,000 cars from the road. The projects will generate 1.2 gigawatts of renewable energy globally, with Apple adding over 350 megawatts of newly installed renewable energy over the last year in Nevada, Illinois, Virginia, and Denmark. Apple’s Green Bond issuances are among the largest in the private sector.

Get ready, Corporate America: The carbon disclosure mandates are coming

March 17, 2021 A slew of announcements earlier this month point to new regulations on carbon disclosure. Corporate America better get ready. The U.S. Securities and Exchange Commission has been particularly busy. Acting chairwoman Allison Herren Lee issued a public statement directing the SEC staff to enhance its focus on climate-related disclosure in public company filings. In a series of tweets, Lee also aligned with the International Organization of Securities Commissions (IOSCO) statement of an urgent need to improve the consistency, comparability, and reliability of sustainability reporting, with an initial focus on climate change-related risks and opportunities. Also earlier this month, the SEC hired its first senior policy adviser for climate and ESG. (See a partial transcript from Lee s speech earlier this week here.)

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