Climate Change Data

Renewal Funds

Climate Impact & Sustainability Data (2015, 2016)

Reporting Period: 2015

Environmental Metrics

Total Carbon Emissions:2,592 tons of CO2

ESG Focus Areas

  • Environmental Sustainability
  • Fair Trade
  • Social Responsibility
  • Organic Farming
  • Carbon Neutrality

Environmental Achievements

  • Achieved carbon neutrality by offsetting emissions through tree planting in the Amazon.
  • Launched a new compostable quinoa pouch made from plant-based materials, diverting 1,000,000 plastic pouches from landfills.

Social Achievements

  • Paid $1,200,000 in additional revenue to 25,323 contracted producers in 10 partner cooperatives compared to the 2015 market price.
  • Paid $126,133 in Fair Trade Premium to support social, environmental, and economic projects within cooperatives.
  • Donated 2.4% of 2015 sales (above the 1% commitment) to environmental non-profits through 1% for the Planet partnership.

Governance Achievements

  • B Corp score climbed to 150 points.
  • Recognized as a Best for the World company for three consecutive years.

Climate Goals & Targets

Short-term Goals:
  • Transition full rice line to Gone4Good™ pouch.

Environmental Challenges

  • Finding a compostable pouch structure that met all requirements (GMO-free, compostable inks and glues, shelf life, strength).
Mitigation Strategies
  • Collaborated with multiple partners to develop and launch the Gone4Good™ compostable quinoa pouch.

Supply Chain Management

Responsible Procurement
  • Sourcing 100% of products from small-scale, farmer-owned cooperatives.
  • Fair Trade certification for all products.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GHG Protocol

Certifications: Fair Trade USA, IMO/Fair For Life, FLO, Organic Certified, Non-GMO Project Verified, B Corp

Sustainable Products & Innovation

  • Gone4Good™ compostable quinoa pouch
  • Compostable chocolate truffle wrappers

Awards & Recognition

  • Best for the World company (three years)

Reporting Period: 2016

Environmental Metrics

ESG Focus Areas

  • Organics
  • Environmental Technology
  • Climate Change
  • Water Conservation
  • Biodiversity
  • Social Equity
  • Sustainable Food Systems

Environmental Achievements

  • Portfolio companies achieved significant reductions in carbon emissions (e.g., Alter Eco offsetting 2,592 tons of CO2, Better Bean retaining up to 0.5 tonnes of CO2 per hectare through low-till farming, Cascadia Windows achieving ~90% reduction in energy costs), reduced water usage (e.g., Sweet Earth's plant-protein saved the equivalent of 37 million liters of water), and promoted sustainable practices (e.g., 100% compostable packaging from Alter Eco, 100% low-till methods from Better Bean).

Social Achievements

  • Created 1051 jobs across portfolios. 43% of workforce in portfolio companies are female. 24 of 193 investors are foundations. Many portfolio companies are Certified B Corps, demonstrating commitment to social and environmental performance.
  • Supported 200 small farms in British Columbia (SPUD).

Governance Achievements

  • Renewal Funds is a founding Canadian B Corp and a pioneer GIIRS fund, using these certifications to assess performance and amplify impact. All portfolio companies have taken the B Impact Assessment.

Climate Goals & Targets

Environmental Challenges

  • Climate change impacts on water resources.
  • Biodiversity loss.
  • Inefficient energy use in buildings and transportation.
Mitigation Strategies
  • Investing in water monitoring technologies (Aquatic Informatics), promoting low-till farming (Better Bean), and investing in energy-efficient building technologies (Cascadia Windows).

Supply Chain Management

Responsible Procurement
  • Supporting small-scale farmer-owned coops (Alter Eco), sourcing ingredients locally (Better Bean, SPUD), using organic and non-GMO ingredients (many portfolio companies).

Climate-Related Risks & Opportunities

Physical Risks
  • Climate change impacts on water resources
Opportunities
  • Investing in climate solutions (enviro tech portfolio)

Reporting Standards

Frameworks Used: B Corp, GIIRS

Sustainable Products & Innovation

  • Alter Eco's compostable packaging, Better Bean's low-till farming, Cascadia Windows' energy-efficient technology, Sweet Earth's plant-based protein.