In 2014, as an example, one Apple shareholder raised concerns about the company’s environmental initiatives, objecting to”affiliations that may primarily advance environmental or social causes rather than promoting shareholder value.” The concerns have been rejected by the business’s shareholders as a whole, and Tim Cook said”you should get out of this stock” if they anticipated to be more motivated solely by money.
Apple has persuaded 15 more such as Foxconn and TSMC, to manufacture 100 percent clean energy being used by Apple products. The additions bring the total number of providers in the app around 44. Apple says it expects to exceed its objective of utilizing four gigawatts of renewable energy from its own supply chain with an gigawatt by 2020.
Today’s statement claims that these suppliers have committed to the goal that is renewable, not that they have attained it.
Before this year Apple said in a filing it considers climate change to pose a risk to its business operations.
“It took a while for them to come on board, and so we feel that now they have, they are fully committed to performing it… and obviously if they fall down on the job, we will be right there in their own chase. I can not tell you everything will happen, but I hope it does.”
In April last year Apple announced its facilities now run entirely on renewable energy, and in October the company added that it had attained the same target because of its own retail locations. However, as CNBC notes, Apple’s own centers just accounts for just over a quarter of its carbon footprint. The 74 percent comes out of its factory partners.