Apple has announced its Restore Fund that invest in forestry projects to remove carbon from the atmosphere while generating a financial return for investors.

Launched with Conservation International and Goldman Sachs, Apple’s $200m fund aims to remove at least one million metric tons of carbon dioxide annually from the atmosphere, equivalent to the amount of fuel used by over 200,000 passenger vehicles, while demonstrating a viable financial model that can help scale up investment in forest restoration.

The effort is part of Apple’s broader goal to become carbon neutral across its entire value chain by 2030. While the company will directly eliminate 75 per cent of emissions for its supply chain and products by 2030, the fund will help address the remaining 25 per cent.

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