LONDON (Reuters) - Climate Asset Management (CAM), a joint venture between the fund arm of HSBC and investment and advisory firm Pollination, said it has appointed Martin Berg as chief executive officer. | 05:11am
Apple announced today that it s committing another $200 million to the expansion of its Restore Fund which focuses on advancing nature-based carbon removal projects.
Restore Fund tests timber-focused carbon approach agriinvestor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriinvestor.com Daily Mail and Mail on Sunday newspapers.
April 22, 2021
Apple is starting the first fund of its kind. One that tries to simultaneously produce financial profits and environmental benefits.
Nature-based solutions to climate change are having a moment, and Apple is riding the trend with a $200 million fund dedicated to related investments.
The tech titan has invested in protecting forests for some time, but last week it launched a new venture in collaboration with Conservation International that is dedicated to reducing greenhouse gas emissions, restoring biodiversity and addressing other climate crises while also producing a financial gain for the company.
The Restore Fund money will go to investing in working forests to transition them to more sustainable management practices that will sequester more carbon from the atmosphere to balance Apple’s carbon footprint in its hardware supply chain, while the timber production will produce financial profits for Apple as an investor. Goldman Sachs will act as fund manager