InvestorQ : Why Apple has thought to invest $200 million funds in forestry projects?
Indrajeet Kashyap made post

Why Apple has thought to invest $200 million funds in forestry projects?

Answer
image
Rohan Bhadani answered.
2 months ago
Follow

I fail to see the problem here. Apple is first and foremost a technology company, a for-profit company that has created immense wealth for its shareholders and management alike for nearly 45 years. It also wants to do its bit to help the environment and contend climate change. It also has an objective to be carbon neutral by 2030. It’s not the only company to do so.

Amazon is planning to become net-zero carbon by 2040, Alphabet is doing its bit as well. Many other listed behemoths have initiatives aimed at promoting greener earth. Tesla’s core business is building electric cars, attempting to drastically reduce carbon emissions from the foulest source (fuel-operated cars) while creating wealth for its shareholders at the same time, since it is a listed company. It's not a mutually exclusive deal.

8 Views