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Murata to Invest in Apple’s Restore Fund, Aimed at High Quality Carbon Removal
March 20, 2024 | MurataEstimated reading time: 1 minute
Murata Manufacturing Co., Ltd., has decided to 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.
Against this backdrop, Murata has decided to invest in the Apple’s Restore Fund as a new initiative to 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 additionality that will contribute to global carbon neutrality targets. Murata is also working with its suppliers to promote decarbonization across its entire operations and supply chain. Through efforts such as this investment, Murata aims to become carbon neutral for its entire 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 positions stepping up action to address climate change as a materiality and operates its business according to the management goal of reducing greenhouse gas emissions. It has been making ongoing efforts to conserve energy and generate solar power on site and has even been promoting the large-scale procurement of renewable energy with additionality, 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.
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