Shopify's Sustainability Fund

Apply now

Shopify's Sustainability Fund

Apply now

Working on a project to fight climate change?

Apply now to be considered for funding

We want to know about every project out there: from ideas on paper to fully commercialized solutions. We will consider any project or solution that stores CO₂ outside of the atmosphere. This includes high-volume, short-term storage solutions that buy us precious time now while long-term, durable carbon removal technologies develop and scale.

Keep reading below to find out more about our fund, approach and what we look for in a project.

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Our Sustainability Fund was created to help reverse climate change

This means reducing and addressing emissions now, and also supporting emerging technologies that the world needs to mitigate the worst effects of climate change.

In 2020, we announced our first purchases from 13 companies across eight different verticals. In 2021, we expanded our biomass and mineralization purchases. To learn more about how we evaluate solutions, select companies, and craft our contracts check out Shopify’s playbook about How to Kickstart the Carbon Removal Market.

What else is out there?

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To prepare for 2022 and beyond, we are launching a landscape scan to get an updated view of emerging solutions across all verticals, and add new companies to our fund. Our objective is to purposefully allocate every dollar—which means we need to know about all of the high-potential solutions that could benefit from Shopify’s support to remove barriers and accelerate progress.

We want to hear from all solution types at any development stage

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We will consider any project or solution that stores CO₂ outside of the atmosphere. This includes high-volume, short-term storage solutions that buy us precious time now while long-term, durable carbon removal technologies develop and scale. We are open to projects that are an idea on paper, all the way up to fully commercialized solutions.

Illustration of a biomass processing plant

We care about 4 key things

There is nothing we won’t consider as long as it has the potential to scale and make a meaningful contribution to reversing climate change.

Climate benefit

The lifecycle of the project is net carbon negative (i.e., emissions from the project < CO₂ that is captured and stored)

Scalability

The project/solution has the potential to make a meaningful contribution to reversing climate change, and at an affordable price in the longer-term

Voluntary market support is necessary for implementation

Project economics rely on revenue from carbon credit sales

Co-benefits

Projects that support social equity and provide other environmental benefits

Why should you apply?

3 arrows in a circle

This isn’t one-size fits all

We co-develop our partnerships and purchase agreements to be as impactful as possible. We offer multi-year purchases with flexible terms that are positioned to support your project’s unique path to commercialization.

Unlock access to other customers

Shopify has built a large network of companies that are interested in purchasing carbon removal. We also leverage our Sustainability Fund companies to offer climate solutions to our merchants through promotions and our Offset app. This exposes our fund companies to over 1.7M merchants who are on Shopify’s platform.

Early revenue stream

Shopify will purchase carbon credits before a company is ready to participate in the open market. This early revenue from a reputable buyer allows companies to secure better equity rounds, grant funding, and capital financing solutions.

Market insights

Shopify is embedded in the voluntary carbon market and we know what customers want. We provide valuable insights and advice that help companies build a solid business case and approach to participate effectively in the constantly evolving voluntary market.

How to Apply

There are two simple components to the submission: a form and a slide deck. This is not meant to take a lot of time—we’d rather you focus on building your business. Beyond basic contact information, we want to understand your approach and where you hope to go.

We want you to have fun with the slide deck. Include pictures, graphics, link out to other information sources… whatever it takes to give us a good understanding of the science behind your approach, path to scale, and why you want to work with us.

Submissions must be completed through this online form:

Apply now

Submissions can be made at any time, but to be considered for support in 2022 your application must be submitted by October 12, 2021 at 12:00hrs Pacific Time.

WARNING: You cannot save partially completed forms, or review or update your submission once it’s been shared. We recommend preparing your responses in advance and then completing your submission in one session.

If, in Shopify’s sole discretion, your project is selected for further consideration, we will request additional detailed information, data, and references to support the information provided in your submission.

Timelines

Timelines table
Date Step Description
Sept. 16 Launch Interested companies can complete the online form to be considered in this process
Oct. 12 Applications close The online form will be disabled and companies can no longer apply after 12:00hrs Pacific Time
Oct. 13 - Oct. 22 Review Applications will be reviewed for climate benefit, scalability, need for voluntary market support, and co-benefits
Oct. 25 Invitation to Submit Detailed Information

High potential companies are invited to submit additional detailed information

Companies that are not short-listed will be informed of our decision by email

Sept. 16

Launch

Interested companies can complete the online form to be considered in this process

Oct. 12

Applications close

The online form will be disabled and companies can no longer apply after 12:00hrs Pacific Time

Oct. 13 - Oct. 22

Review

Applications will be reviewed for climate benefit, scalability, need for voluntary market support, and co-benefits

Oct. 25

Invitation to Submit Detailed Information

High potential companies are invited to submit additional detailed information

Companies that are not short-listed will be informed of our decision by email