Apple Inc. issued a $1 billion "green bond" on Tuesday, the first U.S. corporation to make such an offer in response to President Donald Trump's withdrawal of the U.S. from the Paris climate agreement.
Proceeds from bond sales will finance renewable energy projects and other environmental initiatives at Apple facilities and in its supply chain.
Last year, the iPhone maker issued a record $1.5 billion in green bonds after the signing of the landmark accord. The aim of the second bond is to show that companies are still committed to the 2015 global agreement.
"Leadership from the business community is essential to address the threat of climate change and protect our shared planet," Lisa Jackson, Apple's vice president of environment, policy and social initiatives, said in a statement.
The tech giant has worked hard to shrink its global carbon footprint in recent years. Apple announced two months ago that 96 percent of the electricity used at its global facilities came from renewable energy. The company is working towards 100 percent renewable goal.
According to Reuters, Apple allocated $442 million last year to 16 different projects from renewable energy to recycling from its first bond offer.
Tim Cook, Apple's chief executive, spoke out against Trump's June 1 announcement to exit the Paris deal.
"I spoke with President Trump on Tuesday and tried to persuade him to keep the U.S. in the agreement. But it wasn't enough," Cook wrote then in an email to employees.
Cook also noted the company's continued commitment to protect the environment.
"We power nearly all of our operations with renewable energy, which we believe is an example of something that's good for our planet and makes good business sense as well," he said.
Every day, tens of millions of people will swipe the screens of their iPhones to unlock them.
On the other side of the world, a young girl is also swiping those screens. In fact, every day, during her 12-plus hour shifts, six days a week, she repetitively swipes tens of thousands of them. She spends those hours inhaling n-hexane, a potent neurotoxin used to clean iPhone glass, because it dries a few seconds faster than a safe alternative. After just a few years on the line, she will be fired because the neurological damage from the n-hexane and the repetitive stress injuries to her wrists and hands make her unable to continue performing up to standard.
Sound like a nightmare? According to recent reports, scenarios like this have been all too real in Apple's Chinese supply chain. I love Apple products as much as anyone else. I’m typing this on a Macbook, and I want to buy an iPhone 5 when it comes out. But like many consumers, I don’t want my money to support thousands of workers’ rights violations that investigative journalists are reporting extend throughout Apple’s supply chain.
Click here to sign the petition to Apple’s CEO Tim Cook, demanding that he clean up working conditions in his supply chain in time to make an ethical iPhone 5.
Right now we have a huge opportunity as ethical consumers—The launch of the iPhone 5 later this year will be new Cook’s first big product rollout, and he can’t afford for anything to go wrong—including negative publicity around how Apple’s suppliers, like Foxconn, treat their workers. That’s why we’re launching a campaign this week to get Apple to overhaul the way its suppliers treat their workers in time for the launch of the iPhone 5.
Can Apple do this? Absolutely. Apple is the richest company in the world, posting a record-breaking profit margin for the last quarter of 44.1 percent. They’re sitting on $100 billion in cash. According to an anonymous Apple executive quoted in the New York Times, all Apple has to do is demand it, and it’ll happen—“Suppliers would change everything tomorrow if Apple told them they didn’t have another choice.”
For more information, click here.
Each product featured here has been independently selected by the writer. If you make a purchase using the links included, we may earn commission.
The bright patterns and recognizable designs of Waterlust's activewear aren't just for show. In fact, they're meant to promote the conversation around sustainability and give back to the ocean science and conservation community.
Each design is paired with a research lab, nonprofit, or education organization that has high intellectual merit and the potential to move the needle in its respective field. For each product sold, Waterlust donates 10% of profits to these conservation partners.
Eye-Catching Designs Made from Recycled Plastic Bottles
waterlust.com / @abamabam
The company sells a range of eco-friendly items like leggings, rash guards, and board shorts that are made using recycled post-consumer plastic bottles. There are currently 16 causes represented by distinct marine-life patterns, from whale shark research and invasive lionfish removal to sockeye salmon monitoring and abalone restoration.
One such organization is Get Inspired, a nonprofit that specializes in ocean restoration and environmental education. Get Inspired founder, marine biologist Nancy Caruso, says supporting on-the-ground efforts is one thing that sets Waterlust apart, like their apparel line that supports Get Inspired abalone restoration programs.
"All of us [conservation partners] are doing something," Caruso said. "We're not putting up exhibits and talking about it — although that is important — we're in the field."
Waterlust not only helps its conservation partners financially so they can continue their important work. It also helps them get the word out about what they're doing, whether that's through social media spotlights, photo and video projects, or the informative note card that comes with each piece of apparel.
"They're doing their part for sure, pushing the information out across all of their channels, and I think that's what makes them so interesting," Caruso said.
And then there are the clothes, which speak for themselves.
Advocate Apparel to Start Conversations About Conservation
waterlust.com / @oceanraysphotography
Waterlust's concept of "advocate apparel" encourages people to see getting dressed every day as an opportunity to not only express their individuality and style, but also to advance the conversation around marine science. By infusing science into clothing, people can visually represent species and ecosystems in need of advocacy — something that, more often than not, leads to a teaching moment.
"When people wear Waterlust gear, it's just a matter of time before somebody asks them about the bright, funky designs," said Waterlust's CEO, Patrick Rynne. "That moment is incredibly special, because it creates an intimate opportunity for the wearer to share what they've learned with another."
The idea for the company came to Rynne when he was a Ph.D. student in marine science.
"I was surrounded by incredible people that were discovering fascinating things but noticed that often their work wasn't reaching the general public in creative and engaging ways," he said. "That seemed like a missed opportunity with big implications."
Waterlust initially focused on conventional media, like film and photography, to promote ocean science, but the team quickly realized engagement on social media didn't translate to action or even knowledge sharing offscreen.
Rynne also saw the "in one ear, out the other" issue in the classroom — if students didn't repeatedly engage with the topics they learned, they'd quickly forget them.
"We decided that if we truly wanted to achieve our goal of bringing science into people's lives and have it stick, it would need to be through a process that is frequently repeated, fun, and functional," Rynne said. "That's when we thought about clothing."
Support Marine Research and Sustainability in Style
To date, Waterlust has sold tens of thousands of pieces of apparel in over 100 countries, and the interactions its products have sparked have had clear implications for furthering science communication.
For Caruso alone, it's led to opportunities to share her abalone restoration methods with communities far and wide.
"It moves my small little world of what I'm doing here in Orange County, California, across the entire globe," she said. "That's one of the beautiful things about our partnership."
Check out all of the different eco-conscious apparel options available from Waterlust to help promote ocean conservation.
Melissa Smith is an avid writer, scuba diver, backpacker, and all-around outdoor enthusiast. She graduated from the University of Florida with degrees in journalism and sustainable studies. Before joining EcoWatch, Melissa worked as the managing editor of Scuba Diving magazine and the communications manager of The Ocean Agency, a non-profit that's featured in the Emmy award-winning documentary Chasing Coral.