Murata has announced that it will invest up to 30 million USD in Apple’s Restore Fund, an investment fund aimed at generating high quality carbon credits. The fund will be managed by Climate Asset Management (Location: London, UK; CEO: Martin Berg), a joint venture between HSBC Asset Management and Pollination.
In recent years, it has become even more important for companies to adopt decarbonization strategies to address climate change. Meaningful action to promote energy conservation and utilize renewable energy is necessary to reduce emissions across industries, and achieve carbon neutrality on a global level.
Murata has decided to invest in Apple’s Restore Fund as a new initiative to help achieve carbon neutrality through the acquisition of high quality carbon removal. Murata has been striving to reduce its greenhouse gas emissions through energy-saving activities that reduce the amount of energy consumed by its business operations, as well as the procurement of renewable energy with additionally that will contribute to global carbon neutrality targets.
Through efforts such as this investment, Murata aims to become carbon neutral for its entire operations and supply chain by securing high-quality carbon removal equivalent to the amount of greenhouse gas emissions that cannot be avoided or reduced by conventional activities.
The Fund is managed by Climate Asset Management, an asset management company specializing in natural capital, and aims to secure cash returns and carbon credits through investment in natural capital and regenerative agricultural sectors.
Murata is taking proactive measures to address climate change and considers it a crucial aspect of their operations. They strive to reduce greenhouse gas emissions as a key management objective. It has been making ongoing efforts to conserve energy and generate solar power on-site, as well as promoting the large-scale procurement of renewable energy, including through virtual PPAs in recent years. This investment in a fund aimed at removing carbon from the atmosphere represents a new climate initiative for Murata.
Murata will continue to contribute to the realization of a decarbonized society through a wide range of environmental initiatives. For more information on Murata’s sustainability actions please visit https://corporate.murata.com/en-eu/csr/sdgs-initiatives/case2-mlcc
Apple’s Restore Fund Overview
Name: Apple’s Restore Fund, managed by Climate Asset Management
Establishment: Apple Inc. leads the fund as an anchor investor with a commitment of up to 200 million USD.
Main investment focus: Carbon removal, and agriculture projects
Duration: 15 years
Size: 280 million USD
Management Company: Climate Asset Management, a joint venture between HSBC Asset Management and Pollination
https://www.apple.com/newsroom/2024/03/apple-expands-innovative-restore-fund-with-tsmc-and-murata/
