On April 11, 2023, Apple announced a major expansion of its Restore Fund, doubling its total commitment to high-quality, nature-based carbon removal. Apple will invest up to $200 million in a new fund managed by Climate Asset Management, a joint venture of HSBC Asset Management and Pollination, which aims to remove at least 1 million metric tons of carbon dioxide from the atmosphere each year at its peak.
The expansion builds on the original Restore Fund, launched in 2021 with Conservation International and Goldman Sachs, whose first three investments in Brazil and Paraguay aim to restore 150,000 acres of sustainably certified working forests and protect another 100,000 acres of native forests, grasslands, and wetlands.
Measuring results is central to the Restore Fund. Apple uses remote sensing to map habitat and forest carbon across its project areas, drawing on Space Intelligence's Carbon and Habitat Mapper, high-resolution satellite imagery from Maxar, and the Lens platform. These maps help confirm that projects meet Apple's standards before it invests, and quantify and verify each project's carbon removal over time. Over the past year, our team has worked alongside Space Intelligence to support monitoring, reporting, and verification (MRV) for the fund.
In Lens, Apple and its partners can screen prospective projects and review the history of each landscape before investing. Once a project is underway, they can check its progress remotely, target field visits where they're needed most, and generate reports to share with partners, evaluating projects across continents from one place. We're proud to support Apple's growing commitment to nature-based climate solutions and look forward to the next chapter of the Restore Fund.
