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 how we made our decisions on Shopify’s Ecommerce Blog.

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 (permanent removal) makes up 76% and Evergreen portfolio (temporary removal) makes up 24%

Frontier portfolio

Emerging technologies that permanently remove carbon from the atmosphere

Evergreen portfolio

Key solutions that temporarily remove carbon or reduce carbon emissions