Apple Inc offered a $1 billion bond dedicated to financing clean energy and environmental projects on Tuesday , the first corporate green bond issued since President Donald Trump withdrew the US from the Paris climate agreement. The offering comes over a year after Apple issued its first green bond of $1.5 billion -the largest by a US corporation -as a response to the 2015 Paris agreement.Apple said its second green bond was meant to show that businesses were still committed to the goals of the 194 nation accord.
“Leadership from the business community is essential to address the threat of climate change and protect our shared planet,“ said Lisa Jackson, Apple's vice presi dent of environment, policy and social initiatives. Apple CEO Tim Cook was one of several CEOs who appealed to Trump to stay in the pact.
The tech giant said proceeds from the bond sales would be used to finance renewable energy , energy efficiency at Apple facilities and in its supply chain and procuring safer materials for its products.
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