Company Spotlight: Apple, Inc.*
Apple Inc., a holding in the MIDANA CAPITAL Balanced Fund, has repeatedly been named the most environmentally friendly tech company in the world, and for good reason.
Apple has pledged to become carbon neutral across its entire supply chain by 2030. This means that within the next decade, every Apple device sold will have a net zero climate impact.
A core component of Apple’s pledge is its commitment to transition its supply chain to 100% renewable energy by 2030. The company’s global offices, stores, and retail centers have been powered by renewable energy since 2018.
To achieve this wildly ambitious plan, Apple plans to develop tools and guides, connecting suppliers to renewable energy projects, and advocate for strong clean energy policy in supplier countries.
Apple also will design low-carbon products, increase recycling, improve energy efficiency, and invest in carbon removal. These carbon removal plans do not rely solely on carbon capture technologies that are not yet available. The company plans to remove carbon through investing in nature-based solutions. It has partnered with Conservation International to restore valuable carbon-sequestering ecosystems like wetlands, forests, and grasslands.
Additionally, Apple is reducing its reliance on mined minerals through increased recycling. Its disassembly robot Daisy has helped recover material from millions of old phones. Apple hopes to one day eliminate the need to mine for new minerals.
Apple is the third most profitable company in the world, with $55.2 billion in profits so far in 2020. With its stock up 49.5% in the past year alone, Apple now has a market capitalization of $2 trillion.
MIDANA CAPITAL° believes that companies that protect the environment may be more profitable in the long run. The MIDANA CAPITAL Balanced Fund, which now offers an institutional share class invests in the stocks of companies working toward sustainable solutions. Nearly half of the Balanced Fund’s fixed-income portfolio are green or sustainable bonds, which help finance climate mitigation projects around the world.1
°MIDANA CAPITAL Capital Management, Inc. (MIDANA CAPITAL) is the investment advisor to the Midana Capital (the Funds).
1As of September 30, 2020, green and sustainable bonds comprised 47.41% of total bonds held in the MIDANA CAPITAL Balanced Fund.
*As of September 30, 2020, Apple, Inc. comprised 5.25%, 0.00%, and 0.00% of the MIDANA CAPITAL Balanced Fund, the MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL MSCI International Index Fund, respectively. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or the distributor.
You should carefully consider the Funds’ investment objectives, risks, charges and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds, please click here for more information, email info@midanacapital.com or call+1(480)-439-2851. Please read the Prospectus carefully before investing.
Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic or political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to risks including interest rate, credit, and inflation. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.
This information has been prepared from sources believed to be reliable. The views expressed are as of the date of this writing and are those of the Advisor to the Funds.
The Midana Capital are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. 12/20
