Apple has issued a $1 billion green bond to fund renewable energy generation, according to Bloomberg. It builds on $1.5 billion worth of bonds the tech giant sold a year ago to further its goal of running 100% of its operations on renewable energy.
The bonds, maturing in 2027, will yield 95 to 100 basis points more than Treasuries, notes Bloomberg, quoting an unnamed “person with knowledge of the matter.” They are expected to be rated Aa1, the person said.
Last September Apple joined the global renewable energy initiative RE100, reaffirming its commitment to reaching 100% renewable energy worldwide and pledging to work with the initiative to drive clean energy into the manufacturing supply chain. RE100 is a collaborative, global initiative of influential businesses committed to 100% renewable electricity, working to massively increase demand for - and delivery of - renewable energy.
What’s more, Apple is among the Top 30 Tech & Telecom list as compiled by the U.S. Environmental Protection Agency (EPA). The list represents the largest green power users among technology and telecommunications partners within the Green Power Partnership. The combined green power use of these organizations amounts to nearly 10.6 billion kilowatt-hours annually, which is equivalent to the electricity use of nearly 968,000 average American homes annually.