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After a summer of record heat waves, I’m sure we’re all grateful for air conditioning. And we know, it’s not just about comfort or productivity, but with extreme heat, being able to cool buildings keeps people safe. Yet, it comes at a cost: air conditioning today is responsible for about 3% of global greenhouse gas emissions and demand is set to triple by 2050.
Maybe you’re thinking that heat pumps are the answer and will come to the rescue? They’re certainly an important part of the solution, but until electric heat pumps are plugged into a grid that is fully powered by clean energy, efficiency matters a great deal. Enter Mojave HVAC. Their liquid desiccant technology can cut the energy needed for cooling commercial spaces by 30-50%. For today’s conversation, I’m joined by Mojave Founder & CEO Phil Farese. We spoke about Phil’s past and how he learned about the economics of energy efficiency, Mojave’s business model, technology, and its potential role in keeping us cool without overheating the planet. Here we go.
In today’s episode, we cover:[03:01] Phil’s background & what led him to founding Mojave HVAC[05:07] Mojave & the problem that they’re solving[07:24] The limitations of heat pumps [10:36] Focusing on efficiency & using less energy for our HVAC needs[13:53] How Mojave’s technology was developed & where the business is at [16:04] Mohave’s target market & how sales are progressing [17:21] Other insights on Mohave’s product [18:21] The overall opportunity for business & impact[19:42] Emissions savings through technology adoption[20:25] Drivers of demand for Mohave’s product[22:26] The pros & cons of the liquid desiccants debate[25:37] Mohave’s next milestone & the biggest challenges[26:41] Blind spots in addressing climate change & buildings[29:27] Today’s climate innovation ecosystem & how it needs to improve
Resources MentionedMojave HVAC
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We’re weeks away from a historic election. It’s one that will decide the course of climate action in the United States at a pivotal moment, a moment when we can’t afford to slow down or send mixed signals abroad. And, it’s an election that all expect to be decided by just tens of thousands of voters.
These are all facts that I’m sure you know already.
Here’s what you probably don’t know: millions of environmentalists don’t vote. These are people who list the environment and climate change as their number one most important issue – and getting just 1-2% of them to vote could easily decide the election.
This is the premise and work of the Environmental Voter Project. They’re a nonpartisan nonprofit organization, not focusing on a particular party, but instead focusing on protecting the environment simply by getting environmentalists to the polls. I learned a lot from my conversation with EVP Founder and Executive Director Nathaniel Stinnett. We talked about the difference between voter preferences and priorities, who these non-voting environmentalists are, and what actually works in getting them to vote. The answer to that riddle and much else in this episode might surprise you.
In today’s episode, we cover:[03:18] What's at stake in the 2024 election?[04:40] The implications for climate[07:14] How local elections influence environmental policy[08:56] Public sentiment on the environment[11:13] The distinction between voter preference & voter prioritization[13:28] The lack of voter turnout among environmentalists[15:06] Why aren’t environmentalists voting[20:21] Fossil fuel PR campaigns [21:24] Environmental Voter Project & what they’re doing to engage[23:55] The most resonant, persuasive, helpful message to motivate behavior change[27:31] Measuring EVP’s impact [30:00] What is EVP hoping to achieve this year [32:49] The sensitivity analysis for EVP
Resources MentionedEnvironmental Voter Project
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If you believe the climate transition is creating trillions of dollars of opportunity, then backing public companies whose business models are centered on that transition and whose growth will be driven by it seems an almost obvious approach.
That’s exactly what Heather Beatty and ScopeFour Capital are doing, and I was excited to hear what they’re learning and the opportunities they see.
In this conversation, we talk about Heather’s background and how she came to found ScopeFour after decades in institutional investing.
We talk about their approach, their portfolio, and the opportunities they’re excited about. We talk about the election, how it's influencing their investing in the short term, and the potential long-term implications. We talk about green hushing the resilience of corporate climate action, and much more. Lots to think about in this one. Here we go.
In today’s episode, we cover:[2:45] Heather’s background & what got her interested in climate [5:50] The founding of ScopeFour[7:54] Why aren’t we investing by following science & research[9:48] ScopeFour & what they’re aiming to do[11:32] What’s unique about ScopeFour[13:49] What to say to naysayers of climate investing[15:22] Specific examples of investments ScopeFour has made[17:06] Exciting spaces and opportunities right now for climate investing[18:45] What can be done to encourage faster adoption of climate tech[21:08] Tying emissions reductions to the size of an opportunity[23:24] Climate risk as a factor in investment decisions[24:58] The short-term & long-term impacts of the upcoming election[29:35] What we know about Kamala Harris’ interest in climate
Resources MentionedScopeFour CapitalProject DrawdownInvested in Climate: Every job is a climate job with Project Drawdown, Ep #37EnphaseABBNexans
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I’m always excited to talk to climate investors who have been around for a bit, those who were investing during the Cleantech 1.0 phase, saw the ups and the downs, and have stuck through to our current climate tech boom. Some of the challenges that the earlier era of cleantech investing saw – like high capex and long payback periods – are still relevant today, and experienced investors offer nuanced insights into current opportunities and what the future might hold.
I was thrilled to talk to Greg Wasserman. Greg started investing in clean energy almost 20 years ago at Goldman Sachs. I’ll let you hear the twists and turns of his background directly from him, but suffice to say he fits the bill of someone who’s worn multiple prestigious hats to finance climate solutions. Greg recently closed a new $385 million climate fund at Wellington Management, one of the world’s largest independent investment management firms with over $1 trillion AUM.
We talk about Greg’s journey, how climate investing has changed, what he’s currently excited about, opportunities for the future, and much more.
In today’s episode, we cover:[3:03] Greg’s background & what got him interested in climate investing[5:30] Greg’s experience at Goldman Sachs[6:54] Greg’s experience at the Clinton Foundation[9:47] Greg’s experience at Generation Four Investment Management[13:53] Wellington & what it’s known for[15:19] Wellington’s Climate Fund[17:42] Leveraging resources & resources for Wellington’s fund[20:20] The state of climate investing[22:32] Interesting innovations & where the fund is focused[24:40] The influence of blockchain technology in climate solutions[26:28] Measuring impact of the fund[29:14] Wellington’s investment in Orennia[31:54] Wellington’s investment in SPAN[34:56] What’s coming in the next 5-10 years for climate investing
Resources MentionedWellington ManagementOrenniaSPAN
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It’s a sad truth that many companies are struggling or failing to meet their sustainability targets. Sensitive to anti-ESG pressure, interest rates, and other macro factors, many are also holding back from making new commitments. Currently, less than 10% of the Fortune Global 500 has a net zero commitment in place.
Amidst this context, it's all the more important to shine a light on the companies that have made ambitious targets and that are working hard to achieve them.
IBM is one such company. They began disclosing their CO2 emissions 30 years ago, and since 2010, they’ve cut emissions by nearly 70%. That’s not to say their path is without challenges. They’ve made a big bet on AI, which of course drives up energy usage dramatically.
To understand IBM’s sustainability strategy and progress, I was pleased to sit down with IBM Chief Impact Officer Justina Nixon-Saintil. Justina is a member of NationSwell, the executive membership network where I work. We talked about Justina’s background and role, the main focus areas for sustainability at IBM, some of their successes and challenges, how AI factors into the mix, their sustainability accelerator program, and much more.
If you’re interested in how big companies think about the climate crisis and how they can make a difference, there’s a lot to enjoy this episode. Here we go.
On today's episode, we cover:[3:23] Justina’s background & what led her to her current role at IBM[6:06] Justina’s role, responsibilities & things she’s thinking about everyday[8:59] The pillars & priorities of IBM's sustainability strategy[10:29] The approach to influencing those stakeholders[12:46] Challenges being faced and the gap between companies & their targets[14:36] Challenges in reaching your decarbonization goals[16:19] AI & sustainability[19:31] IBM Sustainability Accelerator: Focus areas & what’s new[22:44] Organizations that have joined the accelerator & how they’re benefiting[25:07] The struggles & challenges that organizations are facing[27:23] Other climate tech spaces where Justina sees an opportunity for AI[28:09] IBM SkillsBuild: About the program & priorities[32:25] Advice for addressing climate change & other environmental challenges today
Resources MentionedIBM Impact: EnvironmentIBM Sustainability AcceleratorIMB SkillsBuild
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Hedge funds aren’t exactly known for contributing to climate progress or other ESG goals for that matter. So I was surprised to learn about Corbin Capital, a firm that aims to leverage the activist strategies of hedge funds not just to generate market-exceeding returns for their clients, but to advance environmental and social objectives.
There are trillions of dollars invested in hedge funds that can make a difference in this all-hands-on-deck moment. So why not think about how hedge fund tools can help accelerate decarbonization and other environmental priorities?
To learn more about this opportunity and how Corbin Capital is pursuing it, I sat down with their Director of Sustainability Courtney Birnbaum. I learned a lot about hedge fund tactics, and the opportunity to invest in transition commodities, carbon markets and more. Lots to learn through this one – enjoy!
In today’s episode, we cover:[2:47] Courtney’s path to working on climate & sustainability[4:37] Corbin Capital & Courtney’s role there[7:59] What is a hedge fund & how is it different than other investment vehicles[9:23] The history of hedge funds & factors that have made them successful[11:27] Why today is a good moment for hedge fund investing[13:18] Uncertainty creating opportunities for hedge fund investing[15:31] Influencing transformational change through hedge funds[17:52] Examples of success stories[20:29] Thinking about criticisms around lack of transparency[22:13] What makes Corbin unique[23:19] Climate opportunities for Corbin investors & the impact they’re aiming to have[25:59] Litigation finance[27:23] How hedge funds can play a role in decarbonization[28:16] How hedge funds can play a role in the carbon markets & carbon credits[30:28] Short selling as a strategy for improving corporate sustainability[33:57] How do finance needs to change to better tackle today's climate crisis
Resources MentionedCorbin Capital
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We know we need to be investing trillions of dollars annually into the climate transition. Venture capital is just a small slice of the pie, but there’s simply no time to slow down its contribution to advancing climate solutions.
In 2023, however, climate tech venture funding dropped 30% to $32 billion. Whether this was a temporary slowdown caused by high interest rates and the macro environment, or the new normal, will make a big difference.
Recently, I’ve been thrilled to start hearing about funds that are closing new and significantly bigger rounds.
One such firm is Clean Energy Ventures. They just raised their second fund, which is three times the size of their first, and I was pleased to get to hear the details from Clean Energy Ventures’ Co-Founder and Managing Partner Temple Fennel. Temple’s been investing in climate tech since 2017 and has held fast to focusing on companies that can reduce emissions by multiple gigatons. In today’s conversation, we hear how Temple got started in climate tech investing and what he seeks in an investment. We hear about some of his portfolio companies, the changes he’s seeing in climate investing and much more. Lots to learn in this one – enjoy.
In today’s episode, we cover:[03:02] Temple’s path & how he decided to focus on climate investing[7:54] Clean Energy Ventures’ investment thesis & what makes them unique[11:38] Expectations, assumptions & surprises from the first fund[14:25] Rebound Technologies, their business potential & climate mitigation opportunity[17:40] Aqua Membranes & why Clean Energy Ventures invested[19:51] Other examples of what Clean Energy Ventures is interested in[23:03] The second fund & the focus this time around[25:52] The Simple Emission Reduction Calculator: Emissions reduction & the causality for financial return[27:33] The process of raising capital today [30:42] The current state of the capital market for climate[32:36] Change in SBTI rules around offsetting & talk on decarbonization mandates[34:49] What needs to happen to get company leadership onboard for making near-term commitments to technologies that will drive their decarbonization[36:11] How investors are acting differently & outlook[37:45] Other interesting investment areas with opportunity
Resources MentionedClean Energy VenturesRebound TechnologiesAqua MembranesOXCCUNoon EnergyClean Energy Ventures’ Simple Emissions Reduction CalculatorS2G Report: The Missing Middle: Capital Balances in the Energy Transition
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After two years of waiting, the SEC finally came out with its new climate disclosure rules. As expected, it was met with a mix of celebration, disappointment, criticism, and lawsuits. The suits came from those who felt the rules went too far and from those who felt they don’t go far enough.
Disclosure rules are critical to ensuring companies are taking climate change seriously. They ensure investors can consider a company’s climate risks as well as their progress in cutting emissions.
Beyond the SEC, Europe and California’s rules are also influencing corporate action in profound ways.
To understand what’s been happening and what’s likely to happen next, I caught up with Steven Rothstein. Steven is the Managing Director of the Ceres Accelerator for Sustainable Capital Markets. He’s been working for years to align financial markets to climate goals and is a well respected expert on this topic. We talked about the history of disclosures, why they matter, the recent SEC rule change, the reaction it sparked, what’s coming next, and much more. I always learn a lot from talking to Steven and I’m sure you will too. Enjoy.
In today’s episode, we cover:[03:07] Stephen's role at Ceres accelerator[03:25] The Accelerator’s work & capital market change[05:02] History of early climate reporting[06:58] Disclosure requirements in Europe and CSRD[10:29] California law coverage of private companies [11:06] Ceres' role in California climate laws[13:23] Why SEC rule took two years[15:07] The importance of Scope 3 SEC inclusion[16:29] SEC rule may evolve over time[18:00] Legal challenges to rules and regulations[20:47] Continuing climate preparations[23:15] Balancing reporting and climate action[27:19] The importance of interim targets [29:56] Election impact on climate progress[31:45] Developing transition plans and data analysis[35:13] Actions listeners can take
Resources MentionedCeres Accelerator for Sustainable Capital Markets
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If you think of Mastercard as simply a piece of plastic that enables you to buy stuff, you’re not seeing their vast network of businesses, their billions of customers, or the potential influence they have on consumer behavior.
There have been countless efforts over the years to encourage consumers to shop more sustainably, but when it comes to the reach and data savvy that Mastercard brings, it’s a whole different ballgame.
I’ve known Mastercard’s Chief Sustainability Officer Ellen Jackowski for many years, and I was delighted to sit down with her to understand Mastercard’s sustainability strategy.
We talk about Ellen’s background and approach to leadership, the current moment in sustainability, Mastercard’s effort to encourage sustainable consumption at scale, how they’ve spread sustainability goals across their entire company, and much more.
Ellen is a widely respected thought leader in corporate sustainability and this conversation offers a peek inside an ambitious and very challenging effort to create real impact. Mastercard is a NationSwell member and we’ll soon share a summary of this conversation as part of NationSwell’s Sustainability Next series. Enjoy!
In today’s episode, we cover:[02:13] Ellen’s background & passion for sustainability [04:14] Ellen’s role at Mastercard[06:13] Present moment in sustainability - trends & concerns[08:13] The reach of Mastercard’s network[10:58] Sustainable consumption as a systems problem[12:29] Areas of opportunity & challenge[14:00] The Priceless Planet Coalition video drop[15:32] Mastercard’s carbon calculator[16:50] Influencing large emitting purchases[17:32] Promoting sustainable consumption around the world & US[18:52] The biggest challenge in reaching net-zero goals[21:00] Best ways to organize sustainability leaders[23:24] Tackling Scope 3 emissions[26:08] Mastercard’s Priceless Planet Coalition[27:53] Mastercard’s Community Pass Platform[29:21] Mastercard’s Start Path in Solidarity[30:52] How Ellen’s thinking in leadership has evolved[33:18] Resources to stay informed on sustainability[34:22] What else needs to change
Resources MentionedMastercard: Priceless Planet CoalitionNationSwell: Next SeriesMastercard: Carbon CalculatorMastercard: Community PassMastercard: In SolidarityOutrage and OptimismProject Drawdown
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Earthshot Ventures isn't just any climate tech venture firm. Having grown out of the Elemental Excelerator, one of the biggest and best-reputed accelerators in the industry, Earthshot is deeply rooted in the early-stage ecosystem. And it turns out there's something else that sets them apart.
Managing Partner Mike Jackson has a knack for coaching founders on what he thinks of as the art and science of fundraising. We're joined today by Mike and Earthshot Partner Ramsay Siegal to hear about their firm, approach, portfolio, and outlook on the market. We dive deep into Mike's insights to helping founders raise money. We talked about non-dilutive project financing and hard-to-abate sectors, the opportunities AI is bringing to climate tech, several of their portfolio companies, and much more. If you're interested in early-stage climate investing, or startups, there's lots to learn in this one. Hope you enjoy. Here we go.
In today’s episode, we cover:[02:47] Mike’s background & experience[04:52] Ramsey’s background & expertise[07:51] The relationship between Earthshot VC & Elemental Excelerator[09:39] Earthshot’s investment thesis, what they’re interested in & what sets them apart[12:22] Earthshot’s network[14:13] Mike’s approach to fundraising & coaching the portfolio[17:54] Fundraising tips and tricks for founders[22:17] Earthshot’s success stories[24:38] How is AI showing up[30:41] Investing in hard-to-abate sectors and Kanin Energy[33:06] Kanin Energy's business model and non-dilutive funding[38:15] Earthshot’s commitment, DEI & tips for achieving a diverse portfolio[42:38] Outlook & opportunities for climate tech investing
Resources MentionedEarthshot VenturesElemental ExceleratorMitra ChemKanin EnergyGenerate CapitalWestly Group
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We know that motivating homeowners to invest in energy efficiency retrofits and home upgrades is hard. Energy efficiency might not sound glamorous, but across the US, retrofits can actually cut our residential energy usage in half.
That’s why when I met Scope Zero CEO Lizzy Kolar, I was excited to learn about her company’s novel way of motivating home upgrades. What Lizzy and her co-founder realized is that our homes are now workplaces.
And, with employers having to account for emissions for remote workers, they now have an incentive to help homeowners invest in upgrades. Enter the Carbon Savings Account (CSA). Modeled after FSAs and HSAs, the CSA can scale quickly and help millions of homeowners across the US to begin investing in upgrades they’ve been putiing off.
In this episode, we hear about Lizzy’s background, the founding story of Scope Zero, the problems they’re trying to solve, the best home upgrade investments, how the home upgrade ecosystem has been evolving, and much more. This is a fast and to-the-point episode. Hope you enjoy it.
In today’s episode, we cover:[03:02] Lizzy’s background, what sparked her interest in climate & founding Scope Zero[05:50] Key needs that Scope Zero is addressing[07:17] The HSA model & how it works[08:24] How the HSA model translates to climate action[09:20] How someone might use the money they put in a Scope Zero account[10:15] What holds homeowners back from making investments[11:40] Evidence that consumers will invest in CSAs[12:23] The benefits of government incentives - Inflation Reduction Act[12:53] What home upgrades should be prioritized[14:43] The benefits of a Scope Zero CSA for employers[16:34] ROI for employers[17:53] CSAs in practice & the response[18:27] How far along is Scope Zero & the growth plan[19:44] Scope Zero’s total addressable market & opportunity[20:27] Quantifying impact in terms of emissions reduced & environmental benefits[21:06] Tracking the impact of CSAs using dashboards & data[21:44] Customers’ access to a partner vendor network[22:14] How the ecosystem surrounding home upgrades is evolving[23:08] How Scope Zero is financed & raising funding[23:47] Opportunities for aligning interests & motivating change
Resources MentionedScope ZeroTomKat Center for Sustainable Energy - StanfordCaltech Rocket FundCollaborative Fund
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We know that addressing climate change will take trillions of dollars of investment. According to the Climate Policy Institute, we’ll need to spend over $10 trillion annually for decades. and we only just exceeded $1 trillion for the first time in 2022.
I’ll confess, I find these big numbers hard to conceptualize and I’m always glad for more nuanced ways to break them down. That’s why when I saw Oxford’s Climate Tech Initiative’s recent report, I reached out to one of its authors Jamil Wyne. The Oxford report builds on recent climate finance data by asking almost 150 climate investors, entrepreneurs, and policymakers what they're seeing. It's a snapshot from inside climate tech that identifies gaps, promising opportunities, and five recommended changes for climate finance. In this interview, Jamil and I cover all that and more. We go far beyond just talking about the numbers and I think you’ll appreciate the global perspective and ability to zoom in and out that Jamil and the Oxford report brings. Enjoy.
On today's episode, we cover:[01:15] Introduction to the Oxford Climate Tech Initiative’s report & Jamil[02:31] Jamil’s portfolio & what's been energizing[04:19] How Climate Tech Initiative’s report got started[06:20] Growth & breakdown of climate finance investments[10:02] The mismatch in climate investing[12:43] Investor interest in transportation[15:20] Under investment in heavy industry, built environment & adaptation[17:41] The best investment opportunities within the energy sector[20:39] Overview of recommendations from the report [22:31] Growing climate funding recommendation[23:06] The role of governments & corporations[25:27] Building talent & workforce pools for climate[28:27] Focusing on solutions for vulnerable communities[30:30] Funding for adaptation[33:20] What is Riffle Ventures[36:08] Climate Tech Boot Camp, who it’s for & how it’s changed[41:27] Future projects & initiatives
Resources MentionedOxford’s Climate Tech InitiativeThe Climate Tech Opportunity ReportRiffle VenturesClimate Tech Bootcamp
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At the center of climate progress are scientists. They’re developing new technologies with which we can build a new, more sustainable global economy. Moving inventions from a lab to startup companies to scaled products, however, takes more than science.
Research scientists had long lacked a support structure to help them build successful businesses. That’s where Activate came in. Founded in 2015 at the Lawrence Berkeley National Laboratory, Activate is a fellowship program that has helped almost 200 science fellows create companies that have now collectively created about 2,000 jobs and have raised about $1.5 billion.
To learn more about Activate’s important work, we’re joined today by Activate CEO Cyrus Wadia. Cyrus brings a unique background spanning time in the Obama Administration, academia, Nike, and Amazon. We talk about how Activate works, lessons they’re gathering across climate tech verticals, examples of companies emerging from their fellowship, opportunities, gaps, and much more. I’m a big fan of the work Activate is doing and I’d guess you’ll soon be too. Enjoy.
In today’s episode, we cover:[3:13] Cyrus’ background & career journey[6:01] Activate & the problem that its aiming to solve[9:47] The ideal Activate Fellow[12:38] The support that Fellows get & how the Fellowship works[14:25] Activate’s achievements[16:41] Success stories & companies that have emerged from the Fellowship[20:02] What's coming & gaps[22:20] Examples of where friction is lower for climate tech to scale[26:35] Applications of AI [31:54] The involvement of corporate partners & how they can show up[34:36] How else do we need to change our approach to addressing climate change
Resources MentionedActivateSublime SystemsCalWaveFervoProject RedNoon EnergySoneraLawrence Berkeley National LabCyclotron Road
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If you’re listening to this podcast you’ve probably heard of the Sierra Club. It’s one of the largest environmental organizations in the United States, with about 4 million members and a history of advocacy going back to 1892.
But what do you know about the Sierra Club Foundation? It’s a $200m organization that, as you’d guess, supports the Sierra Club. It also takes on ambitious initiatives to leverage its resources to protect the environment, transform the energy system, and more. One of those initiatives focuses on shifting trillions of dollars out of the fossil fuel economy. It’s a good example of the level of ambition of these organizations.
To learn more, I sat down with Dan Chu and Pedro Henriques Da Silva. Dan is the Executive Director of the Foundation. Pedro is the Director of the Shifting Trillions Program. We had a fascinating conversation about the history, role, and accomplishments of both organizations, the goals and strategy of the Shifting Trillions program, being a 21st-century fiduciary, the upcoming election, and much more. This episode will push your thinking about the role of the Sierra Club and environmental organizations more generally. Enjoy.
In today’s episode, we cover:[02:54] Background on Sierra Club[05:15] Sierra Club’s history & how the Foundation and Club are different[06:56] Size & funding of the organizations[08:09] Focus issue areas, how they are decided & how they inform capital allocation[10:23] Sierra Club Foundation & its broader role[12:37] The Shifting Trillions program & what it’s aiming to solve[13:54] The Foundation’s three roles & what it’s doing[18:21] How the roles of the Club & Foundation are distinct[22:36] What progress has been achieved so far with Shifting Trillions[23:57] Exciting goals being pursued[25:29] Progress & achievements that Dan has seen during his tenure[29:58] The state of the U.S. environmental nonprofit field[32:32] Support for climate through philanthropy[36:02] The importance of this election from an environmental perspective[39:02] Harnessing climate for young voter turnout
Resources MentionedSierra ClubSierra Club FoundationShifting TrillionsImpactAlpha Article by Pedro: Fiduciaries have a duty of care to their investors and to the world
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I know it’s wintertime for many of you, but that doesn’t mean we can ignore how cities around the world are heating up and how air conditioning is a growing contributor to climate change.
Air conditioning is responsible for about 4% of global greenhouse gas emissions. Today, about 20% of electricity used in buildings and about 10% of global electricity use comes from operating air conditioners. With cities heating up and more people able to afford this technology, air conditioning emissions are expected to double by 2030 and triple by 2050.
To understand this problem and some promising solutions, I sat down with Matthias Roth and Ran Roth. Matthias is a Professor of Geography and Urban Climatology at the University of Singapore. Ran is the Founder of Sensibo, a startup that’s using data and AI to improve the efficiency of air conditioners around the world. No family relation between the two Roths, but a shared interest in how cities are heating up and what we can do about it. We talk about urban heat islands, how cities are responding, the growth of air conditioning, Sensibo’s solution to making them smarter and more efficient, what else needs attention, and much more. Wherever you are, warm up and stay cool with this episode. Enjoy.
In today’s episode, we cover:[03:25] Matthias’ background & focus[05:10] Ran’s background & insights into his work[07:13] The impact of a heating planet on cities[10:28] Why cities heat up more than their surroundings[12:36] How cities are tackling urban heat challenges[14:20] Unpacking air conditioners' impact on climate[17:48] Sensibo's solution to growing AC issues[20:42] Sensibo's customers & scale[21:52] Impact metrics - saving energy on a large scale[23:35] The global rise in demand for air conditioning[25:24] Sensibo's role in curbing AC's environmental impact[27:54] Sensibo’s unique features - geofencing and more[29:32] The crucial role of AI in Sensibo's vision[31:22] High-tech excitement & limitations[36:12] Identifying gaps in current climate discussions
Resources MentionedUniversity of SingaporeSensibo
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We all know that companies around the world are working to reduce their emissions and, hopefully, achieve net zero. But what does it take to set up a sustainability program? What are the steps in the process? What are the considerations along the way? And who are the partners one might work with?
Most of this work happens behind closed doors, but sharing insights from corporate sustainability journeys can accelerate progress.
That’s why Atlassian, a technology company with a real commitment to addressing climate change, decided to open up their own process and share what they learned in a really clear and straightforward playbook.
To learn more, I sat down with Atlassian Chief Sustainability Officer, Jess Hyman. Full disclosure: Jess is a member of NationSwell, the executive membership network and advisory, where I get to support impact and sustainability leaders like Jess. In today’s conversation, we walk step-by-step through Atlassian’s sustainability journey – from getting started, building internal buy-in, finding the right vendors, partners, and reporting protocols for reducing Scope 1, 2, and 3 emissions, to reporting on progress as well as setbacks, and much more.
Whether or not you’re a corporate sustainability leader, this episode will help you understand what companies around the world are actually doing to address climate change. Enjoy.
In today’s episode, we cover:[3:03] Jess’ background & path to sustainability work[4:21] Jess’ work at Business for Social Responsibility (BSR) & what she learned[6:09] What is Atlassian & their core products[6:44] Why Atlassian decided to share their sustainability journey[8:34] The process of going to leadership to develop the report[9:57] What is a materiality assessment & learnings[11:57] Atlassian’s sustainability goals, what it took to develop & share them[13:55] Sustaining internal collaboration[16:15] Atlassian’s goal to reach net zero by 2040[18:15] Scope 1, 2, and 3 emissions & how they show up for Atlassian[19:30] The Science Based Targets initiative (SBTi) approval process[22:00] Learnings around decarbonizing buildings[23:40] What are Virtual Power Purchase Agreements (VPPAs) [25:51] Engaging suppliers to reduce emissions[28:37] Transparency, accountability & reporting[30:21] Addressing Work-From-Home (WFH) electricity[31:49] What is the Sustainable Aviation Buyers Alliance (SABA)[34:24] What are residual emissions & how is Atlassian dealing with them[36:00] The quality of offsets[37:06] Reporting protocols & learnings[38:56] Building executive buy-in for uncomfortable levels of ambition
Resources MentionedAtlassianAtlassian Sustainability ReportAtlassian’s Climate Story & Guide: Don’t #@!% the PlanetAtlassian Team PlaybookRE100Science Based Targets... -
What do you think of when you think about advertising and its role in climate change? I’ll confess the first thing that comes to mind is the fossil fuel industry’s multi-billion dollar campaign to discredit climate science, deliberately confuse the public, and delay climate action.
But, of course, like every industry, advertising has a role to play in accelerating climate progress. Advertising creatives have storytelling skills that can help distill complex information, shift attitudes, and accelerate the adoption of climate solutions. At a more basic level, the narratives that capture our attention and gain currency in our collecting thinking play a powerful role in influencing corporate agenda, policymaking, and voters. So don’t count advertising out.
Today, I’m joined by Blake Harrop, President of Wieden+Kennedy Amsterdam. Whether or not you know it, you’re familiar with Wieden+Kennedy’s work. They’re a small creative firm with a big reputation, and they’ve been doing some genuinely interesting climate-related work. In our conversation, we talk big picture about the advertising industry and how it needs to evolve, and also what we can all learn from European countries’ effective climate communication. We also get specific and talk about some of Wieden+Kennedy’s recent projects and how they demonstrate advertising’s potential as a climate ally.
Lot’s to learn about and ponder if you listen with an open mind. Here we go.
In today’s episode, we cover:[3:19] Wieden+Kennedy history & what it's known for[4:32] Why does advertising matter?[7:22] Should we be lauding the ad industry?[8:55] How the ad industry rewards success & opportunity to change perception[10:28] Wieden+Kennedy as a B Corp & what it means for their commitment to climate[13:06] Would Wieden+Kennedy work with fossil fuel companies in the future?[15:10] Working with Fortescue Future Industries & Google in Germany[19:16] Working with Orsted (Fmr. DONG Energy) & Corona[25:31] The pros & cons of sustainability as a selling point[30:10] Lessons on communicating climate change[33:23] The importance & urgency of climate action[36:22] Nuclear energy as a dream campaign from a climate perspective[39:43] A role for all of us to be advertisers for climate engagement
Resources MentionedWieden+KennedyB LabClean Creatives PledgeW+K & Fortescue Future Industries: The Power of NowW+K & Google DE: Every Decision CountsW+K & Ørsted: The Power of WindW+K & Ørsted: Hello to a Better FutureW+K & Corona: Oceans WeekW+K & Corona: The FishAn Inconvenient TruthYale Program on... -
It feels fitting to start 2024 talking about the big numbers, the big climate financing gaps we face and ways to fill them.
We know that addressing the climate crisis requires trillions of dollars of investment. It’ll need to come from government, corporations, and big finance, but there’s another stakeholder with an important contribution. Private philanthropic foundations have important roles to play too, particularly in helping communities that might otherwise be left behind and in using philanthropic capital as a catalyst. By de-risking investments and taking concessionary returns, philanthropy can unlock hundreds of billions of dollars of needed investment.
Today, we’re joined by Elizabeth Yee, who oversees Rockefeller Foundation’s global programs, including its recent $1 billion commitment to climate change. I’ve gotten to work with the Rockefeller Foundation in a variety of partnerships over the years, and I’ve been impressed by how they recognize their ability to take a lead and help accelerate fields. Of course, it’s interesting to remember the Foundation was initially funded by Standard Oil founder John D Rockefeller, something that Liz and I discuss in our conversation. In recent years, the Foundation has demonstrated real commitment to climate leadership. And even in the weeks following this interview, the Foundation announced that it will pursue a net-zero emissions target for its $6 billion endowment, making it the largest private US foundation to pursue a net-zero endowment to date.
Liz and I talk about the Foundation’s history in climate philanthropy, two different programs with billion-dollar plus commitments, how it works to catalyze other funding, the intersections of energy, food, health and economic opportunity and much, much more. Lots to learn and think about in this one. Here we go.
In today's episode, we cover:[3:43] Elizabeth's background and history working on climate, along with her current role[7:15] Key elements of the Rockefeller Foundation's Climate Commitment [9:23] The Foundation's divestment from fossil fuels in its endowment and details about the Global Energy Alliance for People and Planet[12:23] Reasons behind the significant commitment to climate and the timing of such a commitment[13:58] Overview of the billion-dollar commitment, including the main pillars and distribution across different climate priorities[16:35] The theory of change behind the Foundation's climate initiatives[19:36] The types of partners needed for the success of the initiatives[21:17] Influencing ideas and narratives[22:43] Selection process and priorities for initial grantees.[25:07] Grantees: Climate Mayors, C40, and the Urban Sustainability Directors Network[27:12] Insights into the Invest in Our Future Initiative and its significance[28:22] Grantees: Makerere University School of Public Health and University of the West Indies[30:32] Success for the foundation in committing significant resources to climate[32:00] The message for other investors or foundations considering a similar commitment[33:27] Elizabeth's outlook and hopefulness despite the existing financing gaps
Resources MentionedRockefeller FoundationPress Release: The Rockefeller Foundation Commits Over USD 1 Billion To Advance Climate Solutions -
Happy New Year. It is the beginning of 2024 and I am excited to work along side you to achieve a greater future for our planet.
On this preview episode I give you a glimpse into the upcoming topics of 2024.
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There’s a lot we can learn from nature. Processes that happen in nature keep resources in flow, by-products are used and contribute to the health of the ecosystem and there is no waste. Fallen leaves enrich the soil, photosynthesis produces oxygen for animals to breathe, and microorganisms decompose methane and carbon dioxide and produce PHP.
Oh, not so familiar with that last example? Well, it’s an important one to know about if you care about removing greenhouse gasses from the atmosphere or producing a sustainable replacement for plastics. Today we’re joined by an entrepreneur who for 20 years has been working to harness this natural process to combat climate change, Mark Herrema, founder of Newlight. We talk about how Mark got into this space, how NewLight’s technology works, its impact and business potential, insights to the broader carbon removal space, and much more. Lots to learn in this one. Enjoy!
In today’s episode, we cover:[3:19] Mark's journey to founding Newlight[6:44] Newlight & the problem it’s aiming to solve [8:33] Overview of the air carbon production process[11:19] Characteristics & applications of air carbon[13:00] Newlight's business model & revenue sources[14:24] Products, partnerships, & insights into sales & growth[15:44] Utilizing protein byproducts of air carbon[17:00] Newlight's vision for reducing greenhouse gases[18:59] Thoughts on the emerging carbon market & its potential[21:00] Key challenges in the carbon reduction space[23:26] Regulatory environment, public investments & support programs[24:35] Newlight's future plans, challenges & scaling strategies[26:29] Aspirations for research in carbon capture & negative products
Resources MentionedNewlight
Connect with Mark HerremaConnect with Mark on LinkedIn
Connect with Jason RissmanOn LinkedInOn Twitter
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