Greentown Labs, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Community Development
Environmental Achievements
- Supported startups developing technologies to decarbonize key GHG-emitting sectors (agriculture, buildings, electricity, manufacturing, transportation)
- Facilitated the deployment of various clean energy technologies by member companies (e.g., geothermal, EV chargers, sustainable air fuel)
Social Achievements
- Launched and successfully implemented the first year of the Advancing Climatetech and Clean Energy Leaders (ACCEL) program, focused on supporting BIPOC-led startups.
- Hosted climatetech career fairs connecting job seekers with startups.
- Facilitated over 300 curated connections between startups and corporate partners.
Governance Achievements
- Transitioned from a public benefit corporation to a 501(c)(3) nonprofit organization to expand programming and support for entrepreneurs.
Climate Goals & Targets
Environmental Challenges
- Navigating the challenges faced by early-stage climatetech companies (from inception to scaling and commercialization)
- Ensuring equitable access to funding and resources for BIPOC-led startups.
Mitigation Strategies
- Providing incubation, mentorship, networking opportunities, and access to funding through various programs (e.g., Greentown Go, ACCEL, Investor Program)
- Connecting startups with corporate partners for collaborations and pilot projects.
Supply Chain Management
Climate-Related Risks & Opportunities
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 9 (Industry, Innovation, and Infrastructure)
- SDG 13 (Climate Action)
Greentown Labs' initiatives support the development and deployment of clean energy technologies, fostering innovation in sustainable industries, and directly addressing climate change.