Shopify’s Sustainability Fund
Investing $5M annually in the most promising solutions to fight climate change.
We need to reverse climate change.
Commerce and entrepreneurship can only thrive in the long term if our planet thrives too.
Shopify’s Sustainability Fund invests to remove carbon dioxide from the atmosphere.
By placing bets on emerging technology, we are kickstarting the carbon removal market.
We urge you to join us.
Shopify is a company that wants to see the next century.
To make the next century worth reaching, we need to take better care of our planet.
While Shopify is investing in proven solutions that are already fighting climate change, we are also placing bets on high-potential technologies at the frontier of the carbon removal industry.
Our goal is to help prove, scale, and commercialize climate technology for massive impact in the long term.
Commerce is a powerful vehicle for change. Individuals and businesses making conscious choices can change the world, and Shopify is committed to being an active driver of that change.
Tobi Lütke
Shopify CEO
We need to invest in every potential solution
There’s no easy fix for climate change, and no solution that will singlehandedly solve the problem. We have to try every possible nature-based and engineered option.
We need existing solutions that can make a difference now, and emerging technologies that could have a huge impact in the future.
Shopify’s Sustainability Fund intentionally overpays for carbon removal, funding pilot projects and generating demand to kickstart the market and drive down future prices.
$5 million
invested annually
10 industries
we’ve identified as high-potential
Spend by solution type
- 24% Biomass
- 23% Direct air capture
- 15% Product
- 9% Soil
- 9% Forest/Transportation
- 8% Collaboration
- 6% Renewable energy
- 3% Mineralization
- 3% Ocean
Where we’re investing
Shopify identified 10 industries that we believe can help reverse climate change globally. We’re working with companies with the most promising and innovative solutions in each industry. Read more about our approach and the thinking behind our decisions in Shopify’s Playbook - How to Kick-Start the Carbon Removal Market.
Our fund includes two portfolios:
Frontier portfolio: Groundbreaking technologies that permanently remove carbon from the atmosphere. Our goal is to spend most of the fund in this category each year.
Evergreen portfolio: Key solutions that temporarily remove carbon or reduce carbon emissions. We need these right now while permanent carbon removal technologies begin scaling for the long term.
Here’s a primer on each industry and the companies within them that are leading the way, ready for investment and eager to scale.
Frontier portfolio
Emerging technologies that permanently remove carbon from the atmosphere
Direct air capture
Permanent carbon removal
Pulling carbon directly out of the air, then storing it safely and permanently
Product
Permanent carbon removal
Injecting and storing carbon directly into usable products, like concrete
Ocean
Permanent carbon removal
Maximizing the world’s largest carbon sink and reducing ocean acidification
Biomass
Permanent carbon removal
Using organic material to create renewable energy and store carbon in creative ways
Mineralization
Permanent carbon removal
Turning carbon into a mineral that can be permanently stored away
Collaboration
Permanent carbon removal
Partnering with like-minded organizations looking to reverse climate change
Evergreen portfolio
Key solutions that temporarily remove carbon or reduce carbon emissions
Forest
Temporary carbon removal
Planting, restoring, and protecting forests to allow trees to store more carbon
Soil
Temporary carbon removal
Using specific farming techniques that increase soil health and its ability to store carbon
Renewable energy
Carbon reduction
Creating fossil fuel alternatives that cause less pollution and that we can create more of
Transportation
Carbon reduction
Reducing and offsetting emissions caused by transport vehicles
Stay up-to-date
Keep up-to-date with Shopify’s commitment to climate action