Introduction Climate Change Resources Smarter Chemistry Engagement and Advocacy Appendix 2023 Environmental Progress Report 9 Our approach Climate change continues to define As a large global company, we believe it’s our We began by making the transition to sourcing Match solutions to sources: For each activity within our $4.7B the world around us in ways that responsibility to take strong, decisive, and inclusive steps 100 percent renewable electricity at our offices, retail value chain, we seek out decarbonization actions that tie impact our daily lives. Shifting to mitigate our impact on the climate. We’ve committed to stores, and data centers, which we achieved in 2018. to the source of those emissions. For example, we’ll look We’ve issued $4. 7 billion weather patterns threaten the food achieving carbon neutrality across our entire value chain And in 2020, we achieved carbon neutrality for our to reduce emissions from electricity by using renewable in green bonds to model by 2030 — reducing emissions by 75 percent compared corporate emissions. 9 or low-carbon electricity and decrease emissions from how businesses can drive we eat. Widespread wildfires and with 2015 and balancing the residual emissions with transportation by using alternative fuels and lower- investments to reduce flooding devastate the communities high-quality carbon removal. 7 This means that our goal Our philosophy for achieving carbon neutrality follows carbon modes of transport. By matching solutions to global emissions. In our to be carbon neutral also extends to all our products. This these principles: carbon sources, we’ll do our part to help decarbonize latest Annual Green Bond we live in and the ecosystems goal is more aggressive than the Intergovernmental Panel the economy. Impact Report, we share we depend on. These dangers progress on the projects on Climate Change’s recommendation for global carbon Calculate our footprint across our value chain: Our funded in 2022. Read our are felt around the globe and are neutrality within 20 years. 8 responsibility extends beyond our direct operations to Make environmental progress good for our business: latest Annual Green Bond developing at an unprecedented our product-related emissions. That’s why we model our We’re proving every day that there doesn’t need to be a Impact Report (PDF). pace. The stakes are fundamental: Apple is also committed to working toward reaching a emissions across the entire life cycle of our products — trade-off between what’s good for the planet and what’s 90 percent reduction in emissions from our 2015 baseline including the sourcing of raw materials, manufacturing, good for business. This means that we seek out climate Human rights like life, health, food, by 2050. Attaining this deep decarbonization target will shipping, product use, and end-of-life processing. 10 solutions that are cost competitive, offer a financial return, and an adequate standard of living require a different focus and a collective, global effort. We use the results of our detailed carbon accounting to benefit our customers, or achieve more than one of these face grave risks, disproportionately Entire industries and economies must decarbonize. And adjust our 2030 Climate Roadmap, which lays out our outcomes. For example, we’re working with investment affecting low-income and historically while reaching a 90 percent reduction in emissions is plan to become carbon neutral. managers who are creating investment funds for clean marginalized communities. The worst, outside Apple’s or any one company’s control, Apple is energy and nature-based carbon removal solutions, committed to supporting action as part of this global shift: Set ambitious targets: Our plan to reach carbon which aim to deliver both environmental benefits and and potentially irreversible, impacts to push for better policies, invest in new technological neutrality by 2030 centers around our strategy to reduce financial returns. And when we design products to be of climate change can be prevented innovations, and engage in new and expanded emissions by 75 percent, relative to our 2015 carbon energy efficient and use recycled content, we view these with global, comprehensive, and partnerships, both public and private. footprint. This reduction aligns with what current climate as product features that add value for our customers. By immediate action. science shows is necessary to limit warming to 1.5° C. 11 underpinning our climate strategy with strong business Our goals are ambitious — and they come with many We plan to invest in high-quality carbon removal projects principles and innovation, we aim to harness the power challenges. But we’ve already made progress by cutting to address the remaining emissions, prioritizing nature- of markets to replicate our solutions at scale, creating the emissions across our value chain by over 45 percent based solutions. And by focusing on emissions reduction, impact necessary to meet global reduction targets. since 2015. we’re tackling the transformative work of making low-carbon products.