Ethical Businesses With a Better Bottom Line

Climeworks is focusing on pulling carbon dioxide directly out of the air to store or reuse in some capacity as a way to lower global greenhouse gas emissions. The Swiss company has 16 plants around Europe, with their biggest one in Switzerland that removes 900 tons of carbon dioxide a year that is then sold to Coca-Cola Co. to put in soft drinks or to local industrial greenhouses for plant growth. Scaling the operations to capture more carbon is costly, but the startup recently raised $76 million from investors.

An economic shift to renewable energy could take decades, but thanks to rapidly evolving disruptive technologies, dropping prices of solar and wind power sources, and increasing market demand for green business, the new age of renewable energy could encompass the world economy much more quickly.

With the prices of solar technology dropping and the opportunity to save drastically on energy usage and costs, businesses and organizations across the country are investing more in solar infrastructure for their buildings and facilities. The Better Buildings Initiative of the US Department of Energy is helping by providing guidance and documenting effective approaches and financing for renewables installations - from hotels, to schools, to big box retail.

Madison Equities is investing in significant efficiency upgrades to a number of buildings in downtown St. Paul, overhauling their energy systems in an upgrade driven in part by tenants' interest in energy efficiency and in part as a major effort to shrink the city's carbon footprint and save on long-term operating costs. The the timeline for the St. Paul project was impressive and shows what's possible, not just for the planet but for a company's bottom line.

To make their restaurant more energy efficient and to cut its carbon footprint, The Publyk House utilized the services of Efficiency Vermont, a publicly funded energy efficiency utility. As part of their Deep Energy Retrofit program, the utility helped install insulation, LED lighting, and high-efficiency appliances at the restaurant, allowing them to save 50 percent on energy in two years. Since the start of the program, 10 businesses have been able to cut their energy consumption in half.

Climeworks, a Swiss start-up, is using technology to suck carbon out of the air and turning it into stone, essentially cutting greenhouse gas emissions from the atmosphere permanently. Their plant in Iceland is able to turn 50 tonnes of carbon to stone per year. While that amount of carbon won’t solve the climate crisis, they are expanding their work to other countries and are launching a personal carbon removal subscription service as a way for the travel industry to help offset the carbon that they emit each year.

The town of Athens, Georgia has committed to a 100% renewable energy pledge. Both the local government and local businesses are working towards it by implementing sustainable practices such as solar panels and wastewater pretreatment systems.

Around the world, companies, especially those that depend on the production of plant-based products, are stepping up their sustainability efforts. In the face of climate change, producers of things like coffee and fragrances are realizing that biodiversity and conservation are crucial to the companies’ success and sustainability. Trusts like Germany’s Crop Trust are becoming key players in this, helping companies develop conservation strategies.

Across Salt Lake City, Utah, housing developers are building more net zero energy homes. Facing air quality issues, the state has yet to set more energy efficient codes for new homes, which means the kind of homes being built by developers like Redfish, Garbett Homes, and Ivory Homes, are being constructed on a much smaller scale. Such homes, while costing 2-5% more to build, have shown to decrease energy costs by 50-60%.

Dozens of states across the US are adopting programs that offer solar power for low-income communities in order to cut down on their utility costs and provide renewable energy that they previously would not have had access to. Some of these programs also incorporate other social goals into their programs, such as offering job training or developing sites of backup energy should there an outage. Solar development is currently one of the fastest growing industries in the US, and analysts predict that the nation will be able to hold over 2,000 megawatts of solar capacity this year alone.