Shopify’s Sustainability Fund

Investing $5M annually in the most promising solutions to fight climate change.

A series of clips depicting some of the renewable energy practices Shopify invests in. Ocean currents crash against a rocky coastline, a man performs maintenance on a solar panel, wheat fields blow in the wind, a worker climbs a ladder on a carbon removal facility, the camera pans across a lush landscape with rolling hills in the distance, a field of wind turbines rotate slowly before fading into a night sky full of stars.

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.

Working on a solution that has the potential to scale and reverse climate change?

Fill out this form and tell us why your project is a great candidate to receive funding from Shopify’s Sustainability Fund.

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

An artistic illustration depicting a landscape with clear skies, blue seas, and rolling green hills. Several of the key technologies Shopify invests in are shown, including a Direct Air Capture facility, and Forests.

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 in 2020

  • 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 (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