Shopify has announced their partnership with nine entrepreneurial, tech-driven companies through their Sustainability Fund, bringing their overall carbon removal purchase commitment to $32 million.
“As the largest purchaser, we are providing companies with a strong revenue stream that helps them secure financing, and as the first purchaser, we are sending a clear market signal for others to buy from these partners. Each company we’ve purchased from is working towards our shared goal of finding innovative ways to create a more sustainable future. They’ve created solutions that could truly revolutionize their sector and make an impactful contribution to reversing climate change at scale.” - Shopify.
The companies were all selected based on numerous factors, such as technology, process, plans to scale, and the size of impact the purchase could have.
A few of the new partners include Loam, Noya, Sustaera, CarbonBuilt, Twelve, Remora, 44.01, DroneSeed, Sustaera, and Carbin Minerals.