Startup raising funds to plant trees using drone technology

A Toronto startup is raising capital on Kickstarter to plant trees using drone technology. The project has already raised over $100,000 with almost 1700 backers.

According to their startup page, the company Flash Forest is a reforestation company that modifies drones to fire rapidly germinating tree seeds into the soil. Besides fighting deforestation, they aim to increase biodiversity by rebuilding degraded ecosystems with a variety of tree species and soil-enriching ingredients.

The founders at Flash Forest aim to plant 1 Billion trees by 2028 and are seeking more backers to cover costs such as Drone purchases, R&D, Legal etc. According to their site; they pledge a tree for every dollar pledged.

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Shopify announces US $5 Million sustainability fund

This week, the CEO of the popular online commerce platform Shopify (TSE: SHOP) announced the creation of a US$5 million annual fund to invest in breakthrough sustainability technologies. In a passionate letter to the public, Tobi Lütke wrote: “I want Shopify to be a company that sees the next century.”

The funds are earmarked for projects aimed at reducing carbon dioxide levels in our atmosphere, and those with the potential to reverse climate change.

The fund includes plans to buy $1M in sequestered Carbon annually, to neutralise Shopify’s carbon footprint in Canada, to power 100% of its global operations with renewable energy, to run its platform on data centres powered by renewable energy, and to work out of sustainable offices.

The investment portion of the funds is divided into 2 portfolios: The Frontier portfolio and the Evergreen portfolio. The Frontier portfolio is aimed at supporting groundbreaking technologies and companies that permanently remove carbon from the atmosphere, whereas the latter will fund key solutions that temporarily remove carbon or reduce carbon emissions.

Mr. Lütke also urged merchants and their customers to participate in the project by using Shopify’s sustainable packaging initiative and achieve carbon neutrality or negative carbon emissions by using the Offset by Shopify or the Arrive app.

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BMO Financial Group publishes its 2018 ESG Report and Public Accountability Statement
2018 Environmental, Social and Governance Report and Public Accountability Statement

BMO Financial Group publishes its 2018 ESG Report and Public Accountability Statement

BMO Financial Group has published its 2018 Environmental, Social and Governance (ESG) Report.

The report can be downloaded here.

Continue Reading BMO Financial Group publishes its 2018 ESG Report and Public Accountability Statement