Apple has created a $200 million fund to invest in forestry projects to help remove carbon from the atmosphere while also generating financial returns for its investors, the company said Thursday. The Restore Fund will invest in forest properties that are managed to increase carbon removal and produce timber. The goal is to remove 1 million metric tons of carbon dioxide annually from the atmosphere.
Like any change journey, the road to net zero involves several distinct steps. Decarbonization is no longer just an option. Across of the world,
companies with ambitions to stay in business over the long term are
already on a 30- or 40-year journey to net-zero emissions. Companies can both decarbonize and boost long-term growth. But it means
pushing beyond abatement curves’ focus on cost and instead empowering
people—while making a few big, strategic bets.