Technology giant is raising finance for renewable energy, greener materials and efficiency
Funds raised will trim the carbon footprint of products like the iPad (Flickr/Hiroyuki Takeda)
By Megan Darby
Apple has issued US$1.5 billion worth of green bonds to raise money for climate-friendly initiatives.
Part of a $12bn bond sale, the green-labelled tranche will go to develop renewable energy and ways of conserving natural resources.
The US technology giant said independent auditors will verify their climate credentials.
The Climate Bonds Initiative, which promotes and monitors the small but growing market for green debt finance, estimates $42bn worth was issued worldwide in 2015.
Last year saw the first offers in China, from wind power firm Goldwind, and India, from Yes Bank.
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