We’re currently living in the decisive decade for creating a lasting, positive impact on our planet. Previously, we published a deep dive on the future of sustainability and highlighted some of our portfolio companies spearheading the way. On the back of this, we spoke with six of our founders from Gardin, Treecard, Protagonist, Vinterior, Club Zero and Martie, who are all building mission-driven businesses, on what the future of tech holds for sustainability. It was great to get their collective opinions on some of the questions below:
What is the future of sustainable tech?
Founder Sumanta, and Data Scientist Julian from Gardin, “The future in store for sustainable technology is that soon everything will be sustainable technology. The success story of renewable power will continue and multiply into industries outside electricity, unleashing a transformation of the world economy. We are already seeing a dramatic shift in the positioning of the world’s largest brands to align their products with the sustainable agenda. What is currently a hip marketing trend will imminently become consumer expectation. This has been one of the biggest successes of the climate movement and will make it easier than ever before to make consumer choices which are ‘sustainable’.”
What is the future of sustainable finance?
Jamie, Co-Founder and CEO of Treecard: “In consumerism, this is a vertical built primarily on trust and authenticity. Once a brand has built sufficient trust mass, they’ll sweep up. I’m biased but I think we’ll see a Revolut-style superapp that encompasses everything from offsetting, to diet, and green investing, saving and spend tracking. There’s no need for these things to be fragmented and their utility to the consumer become far more powerful when combined. Just as with electric cars we expect, eventually, that non-green finance institutions will become a no-go (i.e. every bank will need to become environmental). We expect that the winners in this situation will be the Tesla’s who built a reputation and a customer base in advance of the flip.”
Is there a paradox between green finance and consumption?
Treecard: “Yes, in so far as it would be significantly better for the planet if we were all dead. Given we’re here to stay, and we need to consume to survive, it’s better that consumption is steered in a sustainable direction. There’s nothing paradoxical about a platform which does that.`’
How do we align capitalism with sustainability? Is this a bottom-up choice or a trickle-down effect?
Treecard: “It’s ultimately bottom-up; businesses don’t care until it affects the bottom line. That said, I’m still skeptical that it’s possible at all.”
Upendra, Founder of Protagonist: “The sustainable (no pun intended) way to align capitalism with sustainability is to go deep and shift our cultural norms, towards one of stewardship, of care for one another. Viewed through Stewart Brand’s Pace Layering Model, changes in consumer and business behavior matter most if it’s dramatic enough to pull culture with it.”
Gardin: “Conscious decision making by consumers has real knock-on effects to product supply chains that will cause companies to source low-carbon inputs even at a premium cost. For example, Apple has decided that all its products and supply chain will be carbon neutral by 2030, which means everything from the silicon transistors to the aluminium body or steel frame must be made without releasing greenhouse gases. When the largest consumer technology company makes such a decision, the pressure on upstream producers is huge and we expect to see similar changes occurring rapidly across all consumer sectors.”
Sandrine, Founder of Vinterior: “You need both. Consumers making this choice can be constrained by factors such as affordability, limited access, time or lack of information. Without businesses making sustainability part of their operating principles and strategy, sustainable choices might not be readily available to consumers, or to a fraction of consumers only.”
Louise, Co-Founder of Martie: Through federal regulation and businesses truly thinking about their impact, we can start to see a shift. Every business needs to have a sustainability angle, otherwise you should not be in business at all. We are in an “all hands on deck” situation, and building a better future on a business level is non-negotiable. Consumers should never settle for less.”
Is government regulation the only effective immediate term solution?
Protagonist: “I’ll again refer to the Pace Layering Model. Commerce, infrastructure, governance, and culture all move together. We need to turn the crank at every layer.”
Gardin: “There are many ways in which this optimistic future does not come to fruition. Governments must incubate new technologies to scale, implement policies that support sustainable business models and help transition fossil fuel communities to new opportunities. Consumers must continue to make active decisions to be sustainable, without which there will be no driver of change. Although the rise of ESG investing has been effective at bringing these issues to the boardroom level, there is a risk of bold promises with little action. Already we see that despite the acknowledgement of material climate risks and commitments to net-zero ambitions, companies continue to ignore these factors in their financial statements with the associated increase in liabilities and impaired assets. These companies must be held to account and stricter rules are required.”
How can consumers empower belief-driven choices?
Safia, founder of Club Zero: ‘Ultimately consumers are the common denominator to everything. They sway buying power, they sway the vote (impacting policies and legislation) and they shape the health of major businesses today. What informs the consumer is the key — media. The emergence of climate tech products and services are a direct result of consumer awareness, increasing on climate change which has generated a new demand for goods and services.”
Protagonist: “The data shows that we are demanding that businesses behave at a “higher” societal and environmental level. As producers, employers, as brands. Fantastic. The crank is turning. That’s how our cultural norms get rewired.”
Martie: “Consumers have so many choices available to them – almost too many choices! And with so many messages and ads and ideas being delivered to them constantly, they are making purchasing decisions based upon their beliefs.”
Interested in learning more about the topic? Listen to our recent podcast episode about all things sustainable materials: