Apple Issues $1 Billion Green Bond Sale to Fund Renewable Energy

Apple today issued a $1 billion green bond to fund renewable energy generation, according to Bloomberg. Apple reportedly said it plans to use the proceeds to finance projects involving renewable energy resources and energy efficiency, including advancing its goal of achieving a closed-loop supply chain, through which products are made using only renewable resources and recycled material. By turning to the debt market, Apple is able to fund its sustainability initiatives without tapping into its ...