The iPhone maker is working to recycle about 60 percent of the waste produced by Apple’s retail operations, as well as a significant amount of recycled goods from third-party retailers, according to a report from Reuters.

The program is expected to save the company about $1 billion a year, according Reuters.

It will be the first of its kind in the world, Reuters said.

The company, which has about 7,500 stores worldwide, is working with the Indian government to collect about 90 percent of its waste, and a portion of its recyclables.

Apple has spent nearly $20 billion on recycling in India, according the report.

The total cost of Apple’s efforts has not been disclosed.

Tags: Categories: Address