In The Photograph: New, disruptive technologies are driving progress toward achieving the SDGs. Photo Credit: Pexels.
Venture capital firms, too, are investing in companies that solve the social and environmental problems that hinder our success of Goal 13 through their business models. DBL Partners, Acumen and Chrysalix are three such firms, collectively investing nearly USD $550 million in solutions-based businesses that span the globe.
100+ of the most influential companies on the planet are also teaming up to take climate action. The members of RE100, a global initiative developed by The Climate Group, must commit to 100 per cent renewable energy by a specified date. And they are held accountable for it—RE100 reports on the electricity data released by their business members.
One of RE100’s newest members is Sony Corporation. Previously, Sony had focused on reducing its manufacturing CO2 emission by 300,000 tons by 2020. After joining RE100 in September 2018, the company has now committed to 100 per cent renewable electricity by 2040. With this new goal, Sony will likely exceed its initial 2020 target while creating the infrastructure needed to go carbon neutral.
New technologies are also driving the production of renewable fuels that can replace fossil sources. Consider this, in 2017 the commercial aviation consumed an astonishing 90 billion gallons of fuel. A joint effort by Opus 12, Climeworks, and Blue Planet seeks to capture and transform CO2 emissions into petrochemicals and jet fuel. Biotech start-up Lanzatech has created a process that recycles carbon emissions, creating ethanol from a bacteria first discovered in a rabbits’ digestive system. Lanzatech recently partnered with Virgin Atlantic, and the resulting fuel will soon be used on a commercial flight from Orlando, Florida to London, England.
Global SDG Awards celebrates private sector efforts to achieve the Global Goals
Sustainability leaders from across countries and sectors can now compete for 17 annual Global SDG Awards. The awards will shine a spotlight on what is possible—private sector solutions that are creating a better future for each and every one of us.
More information about the application process, and the individual submission questions (available for download) are now available on the Global SDG Awards website. You can also follow the Global SDG Awards on social media for daily examples of corporate responsibility leadership.
Written by: David A. Klar & Sarah Nieman
David Klar is a sustainability leader with deep industry ties, active values and an advanced knowledge of corporate responsibility best practices. With more than eight years of experience in sustainability, David has worked for large Canadian retailers and recently was the Manager of Programs & Membership at Canadian Business for Social Responsibility (CBSR). David founded The Global SDG Awards in 2018 to increase private sector engagement with the United Nations Sustainable Development Goals (SDGs) framework through competition. The Global SDG Awards’ mission is to create a race to the top and to inspire others with examples of next generation sustainability leadership. David holds a Bachelors or Environmental Studies from York University and a Masters of Science in Industrial Ecology from the Norwegian University of Science and Technology (NTNU).