Apple Suppliers TSMC and Murata Join Its Green Investment Fund – Yahoo Finance Australia
(Bloomberg) — Apple Inc. suppliers Taiwan Semiconductor Manufacturing Co. and Murata Manufacturing Co. are joining the iPhone maker’s green investment fund, bringing the total amount of committed capital to $280 million.
Most Read from Bloomberg
Apple Is in Talks to Let Google Gemini Power iPhone AI Features
Putin Warns Russia Won’t Stop After Predictable Election Win
Musk Says His Ketamine Prescription Is in Investors’ Best Interests
Top Solar Firm Longi Plans Thousands of Job Cuts on Glut
Saudi Wealth Fund Is in Talks to Acquire National Airline
TSMC will invest as much as $50 million in the fund, with Murata putting in up to $30 million, according to a statement Wednesday. Apple had already committed as much as $200 million to the fund, which is managed by Climate Asset Management, a joint venture of HSBC Asset Management and the environmentally focused group Pollination.
The effort, called the Restore Fund, is backing “high-quality, nature-based carbon removal while protecting critical ecosystems,” the tech giant said. As part of the fund’s initial phase, begun in 2021, Apple is working with Goldman Sachs Group Inc. and Conservation International to support sustainable forests in South America.
TSMC is a key chip manufacturer for Apple, while Murata supplies it with iPhone parts.
“We’re thrilled to see suppliers join us by investing in nature on top of their urgent work to decarbonize their businesses,” Lisa Jackson, Apple’s vice president of environment, policy and social initiatives, said in the statement.
Most Read from Bloomberg Businessweek
China’s Super-Cheap EVs Offer Hope for Average American Buyers
Dollar’s Superpower Status at Risk From Turmoil at Home and Abroad
An Influential Economics Forum Has a Troubling Surplus of Trolls
America’s Plumber Deficit Isn’t Good for the Economy
Women Are Closing the B-School Dean Gap
©2024 Bloomberg L.P.
Harry Enten said it could point to "a historic moment" in American politics.
Royal fans have slammed Prince William over a 'disrespectful' detail in a Father's Day photo. Read more.
Schoolboy punched, kicked and pushed to floor by two women, officers say
Aussie shoppers are divided over a woman's disgusting Kmart find. Read more.
Her father tracked her phone to a well-known fishing spot
Gun-toting locals in a small town are attempting to solve the widespread problem which has some calling on the government for help. Find out more.
‘She was irritated to discover that the Beckhams had considerably more wealth than herself,’ the biographer claimed
Multiple tennis players have dropped out of the Olympic Games as a result.
The number plates were seemingly intended to mislead officers and roadside cameras. But it backfired spectacularly.
Royal family meets the Ton.
Officers say they 'developed reasonable suspicion to search the vehicle' after stopping the 33-year-old driver.
Damien Cook is going back to where it all began. Read more here.
OOPS! The former president botched a key phrase as he tried to attack his rival.
Victoria Beckham's fans were taken aback at her 'unrecognisable' daughter Harper after she took over her mum's Instagram to share a makeup tutorial. See details.
The man who once took credit for the COVID-19 vaccine keeps pandering to the GOP's growing anti-vaccine faction.
Darren Lockyer has revealed the reason why a star was left out of the Queensland squad. Find out more here.
Kyle and Jackie O have slammed a Hollywood star who the hosts labelled as an 'a**hole of a bloke'. Read more.
Donald Trump's niece listed multiple reasons for the morbid moniker.
Reece Walsh has been cleared to return in State of Origin 2. Read more here.
The judge presiding over the double-murder trial of a former Jetstar captain has issued a message to the jury.
