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Apple issues $1 billion green bond

Apple has issued a $1 billion green bond.

The offering from the world’s most valuable company is the first corporate green bond since the White House announced the U.S. would pull out of the Paris climate agreement.

“Leadership from the business community is essential to address the threat of climate change and protect our shared planet,” Apple’s Lisa Jackson said.

Apple’s first green bond — a $1.5 million offering — was announced shortly after the climate agreement was made in 2015.

Proceeds will be used to finance Apple’s sustainability agenda, which includes greening its facilities and its supply chain.

The tech giant is close to making its facilities 100% renewably powered. It’s next effort is to source materials from renewable or recycled sources.

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