Apple Works Toward 100 Percent Renewable Energy Supply Chain
With an extensive background as a research geologist and executive for Shell, David Lawrence presently leads the investment-focused consultancy, Lawrence Energy Group. Reflecting his Shell experience, David Lawrence has a strong focus on energy trends, including those in the emerging renewables sphere.
In an era of multinationals with footprints spanning the globe, major corporations have gained leverage in exerting energy transformation. A recent example of this is Apple, which in April 2018 announced its corporate facilities had begun operating on 100 percent renewable energy. By October, the company had achieved the same milestone at its hundreds of retail locations.
As reported in the Verge, Apple-owned facilities only account for a minority of the company’s total carbon footprint, with 74 percent attributable to factory partners. With this in mind, the California-based company has worked to bring its suppliers on board with renewable mandates.
Fifteen suppliers, including TSMC and Foxconn in China, recently committed to bringing their manufacturing plants to 100 percent clean energy standards for Apple-related production. Apple expects to surpass by a full gigawatt its goal of four gigawatts of supply chain renewable energy sources by 2020. While this proactive stance on Apple’s part has generated shareholder concerns, the company has remained firmly committed to sustainability as a core mandate going forward.
In an era of multinationals with footprints spanning the globe, major corporations have gained leverage in exerting energy transformation. A recent example of this is Apple, which in April 2018 announced its corporate facilities had begun operating on 100 percent renewable energy. By October, the company had achieved the same milestone at its hundreds of retail locations.
As reported in the Verge, Apple-owned facilities only account for a minority of the company’s total carbon footprint, with 74 percent attributable to factory partners. With this in mind, the California-based company has worked to bring its suppliers on board with renewable mandates.
Fifteen suppliers, including TSMC and Foxconn in China, recently committed to bringing their manufacturing plants to 100 percent clean energy standards for Apple-related production. Apple expects to surpass by a full gigawatt its goal of four gigawatts of supply chain renewable energy sources by 2020. While this proactive stance on Apple’s part has generated shareholder concerns, the company has remained firmly committed to sustainability as a core mandate going forward.
