Better Business

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Big picture: Ford has announced a $50 billion investment in EVs as these vehicles become more popular. Ford is trying to chase Tesla’s business model with lower overhead costs and higher profits.Ford will keep the Mustang’s ICE, but a hybrid or electric model could come by the decade’s end.ICE cars are here for now, but bodies like the EU are trying to phase them out.Sports car manufacturers are also making the transition to EVs. In reality: ICE cars are far more prevalent than EVs, but manufacturers feel pressure from investors to shift to EVs because of profits and climate change. The world has shifted gears toward greener initiatives in the past few years. People and companies have started to take climate change seriously as its effects start to show. Consumers want more sustainability, and one sector moving forward with greener products is the automotive industry. Manufacturers’ green goals, such as Ford’s investment in EVs, have made many people wonder what’s next for internal combustion engine (ICE) cars. Dig deeper → 3 min
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Aircraft are often associated with air pollution and fuel consumption, but the aerospace industry is more sustainable than many realize. Behind-the-scenes nondestructive aerospace testing (NDT) makes the industry more sustainable every day. These techniques are helping engineers create safer, more efficient planes while reducing waste from design through maintenance and repair.  Dig deeper -> 4 min
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The scoop: Food takeout and delivery accounts for considerable waste. About 29% of all greenhouse emissions come from packaging. And food takeout uses a lot of packaging.

The problem w/ takeout packaging: *orders burrito* Let me wrap that in foil for you. Here are plastic utensils and paper napkins wrapped in plastic. Oh, and three packs of ketchup + hot sauce. And a paper bag was placed in a plastic bag. Salt and pepper packets no one's eaten since the 90s? Take it. *eats with hand*

Facts and figures:

  • Finding the best material is complicated. One study found that Polystyrene/EPS Foam had a 7-28% lower environmental impact than aluminum and a 25% to six times lower impact than Polypropylene.
  • Plastic waste impacts over 700 marine species

Sustainable packaging solutions: Reduce and reuse. Recycling (in this context) is kinda BS. Buy in bulk. Use creative alternatives on the go. Shop at restaurants that use sustainable plant fibers or limited packaging. If you have a good relationship with your local food business, talk to them about affordable options.

Dig deeper → 3 min

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The scoop: You can’t improve what you can’t measure. An organization must accurately measure GHG emissions and carbon footprint to improve its environmental sustainability outlook. 

Here’s an interesting set of stats:

99% of F500 companies report being “sustainability-conscious” or mention it as a priority in their goal statements.

A little over 60% made commitments to reduce emissions with varying degrees of comprehensiveness. A common goal is to reach carbon neutrality by 2050, yet most companies don’t have decarbonization roadmaps or intermediary reduction targets.

And less than 15% set long-term and short-term reduction targets in line with corporate standards derived from the latest climate science.

These numbers tell a straightforward story. Sustainability gets a lot of lip service, but most businesses haven’t invested time and money into this objective. Creating a carbon footprint baseline is a high-impact first step in any organization’s sustainability journey, and this exercise achieves diverse goals within profitability and risk management.

Emissions accounting terminology may seem complex, but by the end of this article, we’ll find that the foundations of GHG emissions accounting are relatively intuitive. It’s just a matter of breaking up different impact areas of an organization into smaller, digestible bites.

Dig deeper → 5 min

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The scoop: New construction needs to prioritize sustainable practices to prevent an energy crisis in the future. Real estate investors are starting to take notice.

Facts and figures:

Bottom line: Investors are and will always be driven by returns. But the private sector is starting to realize the necessary risk assessment and tax burdens associated with energy-sucking real estate. Green building is the future.

Dig deeper → 3 min

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This week, we sat down with Closed Loop Partners CEO Ron Gonen. Closed Loop Partners is a New York based investment firm comprised of venture capital, growth equity, private equity and project finance as well as an innovation center focused on building the circular economy.

During our conversation, we covered pressing topics like social entrepreneurship, sustainable investing, and climate optimism.

Dig deeper ➝ 3 min

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This week, I had the chance to sit down with Madison Rifkin, founder of Mount. Mount is a SaaS platform that enables private property (think airbnb) to launch, track and monetize their guest amenities. Those amenities can include things like bikes and e-scooters.

Mount allows travelers to use more sustainable modes of short distance travel in place of ubers or car rentals. And it accomplishes this without causing a scooter-frenzied-tourist headache for city administrators, because all of the equipment is completely owned and controlled by the host.

If you'd like to learn more about Mount and how they're disrupting the hospitality industry, check out the full Q&A below.

Check out our full interview.

  1. Better Brands
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Busy? Try the speed read.

Big picture: GM announced plans to release an electric Hummer in 2023. It got me thinking, is it time to make the switch to electric vehicles?

Benefit of electric vehicles:

  1. Lower carbon footprint... social impact ✓
  2. Lower maintenance costs... convenience factor ✓
  3. Tax credits... financial incentive ✓

Cost of electric vehicles:

  1. EVs require minerals like cobalt and lithium to function. Mineral mining is a tough industry with poor standards in developing countries like Bolivia and Chile. Organizations are working to change that.
  2. Electric vehicles have a limited driving range compared to their gas cousins. You may find yourself charging up more than usual.
  3. High sticker prices: The average price of a new electric vehicle is almost double the price of a gas car.
  4. Limited amount of charging stations: this is a tricky one, because there are still more charging stations per EV on the road than there are gas stations for gas cars. Unless you go on a road trip, most of your charging will probably be at home anyway.

Bottom line: With billions of dollars flowing in, electric vehicles are not only here to stay, they are booming.

If you 1) need a car in your life 2) want to be a part of a cleaner future and 3) can afford the extra monthly cost (for now), then making a switch to electric vehicles is the right thing to do.

Dig deeper ➝ 3 min

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