Apple expands innovative Restore Fund with TSMC and Murata

Today Apple welcomed key manufacturing partners Taiwan Semiconductor Manufacturing Company (TSMC) and Murata Manufacturing as new investors in the Restore Fund, which is designed to scale global investment in high-quality, nature-based carbon removal while protecting critical ecosystems. Global semiconductor foundry TSMC will invest up to US$50 million in a fund managed by Climate Asset Management, a joint venture of HSBC Asset Management and Pollination. Murata — an iPhone supplier based in Japan — will invest up to US$30 million in the same fund. These new investments build on Apple’s previous commitment of up to US$200 million for the Restore Fund’s second phase, bringing the total to US$280 million in committed capital.


Apple also announced the partners in the Restore Fund’s initial phase, launched in 2021. Through these investments, Apple, Goldman Sachs and Conservation International are partnering with experienced forestry managers — Symbiosis, BTG Pactual Timberland Investment Group and Arbaro Advisors — to support the creation of sustainably certified working forests on degraded pasture and agricultural lands in South America. Apple expects the portfolio to exceed its goal of removing 1 million metric tonnes of carbon dioxide from the air by 2025.
“When businesses invest in nature, they’re also investing in healthier communities, a more resilient global economy and a critical tool in the fight against climate change,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives. “The Restore Fund is already delivering real benefits for communities and ecosystems in South America while removing carbon from the atmosphere. And we’re thrilled to see suppliers join us by investing in nature on top of their urgent work to decarbonise their businesses.”

High-Quality Investments in Nature

To select the portfolio of projects in its first phase, the Restore Fund carefully assessed prospective managers and investments to ensure they meet robust environmental, social and governance criteria, and strict standards for quality, scalability and impact. Most potential investments are screened out through this intensive due diligence process, which is further detailed in a recent white paper on Apple’s carbon removal strategy.
All projects selected for the Restore Fund undergo regular assessments to monitor forest change and growth over time, address fire and other potential risks, and verify forest carbon stock. As part of this analysis, Apple and partners — including Space Intelligence and Upstream Tech — have used innovative tools such as LiDAR on iPhone, satellite data, bio-acoustic monitoring and machine learning to evaluate the wellbeing of the land and project progress.
The projects in the Restore Fund’s first phase all share a goal of creating new, responsibly managed working forests to help meet increasing global demand for timber and reduce pressure on natural forests.