Apple and some of its largest suppliers, including Pegatron, Wistron and Jabil, are teaming up on a new $300m “China Clean Energy” fund, the iPhone maker announced on Thursday.
The fund is designed to channel investment towards renewable energy sources as part of Apple’s drive to clean up its supply chain.
DWS Group, Deutsche Bank’s rebranded asset management arm, will manage the China Clean Energy Fund, as well as investing alongside Apple and its suppliers.
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