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.