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How Major Corporations Are Investing Big in Sustainable Operations

How Major Corporations Are Investing Big in Sustainable Operations

As 2024 presses onward, the focus on decarbonizing business operations is fully in the spotlight. Companies of all types are actively working on their plans to invest in renewable operations and partner with climate-focused businesses across the supply chain.

The call for a radical carbon transition is especially loud with larger global corporations. Their reach extends across a global scope. Accordingly, these companies must aggressively pursue renewable alternatives to affect real change.

This post will look at a few examples of corporations leading the way in sustainable initiatives. Check out some of the ways these corporations are already moving the dial further toward net-zero carbon emissions.

Nike Integrates Biofuel into Supply Chain Operations

Nike, a world leader in sportswear, apparel, and shoes, is taking a serious move toward sustainability by integrating biofuel into its supply chain operations. The initiative, in partnership with the CMA CGM Group, has seen sustainable biofuel used for maritime transport of 36% of Nike's volume.

The projected outcome? A remarkable reduction of 25,000 tons in carbon emissions.

By investing in sustainable biofuel, Nike is positively contributing to the decarbonization of its supply chain and demonstrating its commitment to greener operations. The move will carry environmental benefits while improving Nike's brand perception as a leader in sustainability among consumers and stakeholders.

The CMA CGM Group focuses on globalizing sustainable solutions across trade—particularly shipping and logistics. The organization's work finds integrative strategies for reality-grounded approaches to decarbonize supply chain operations.

But this isn't just about Nike. This move represents a broader shift in the business world. The increasing number of these initiatives marks an amplified transition to more eco-friendly operational models. It's a blueprint for other companies observing from the sidelines that, yes, sustainability and profitability can operate hand-in-hand.

Nike’s switch to biofuel is a case study that proves that business does not have to come at the expense of our planet. And with the ultimate aim to achieve net-zero by 2050, CMA CGM Group is ensuring that businesses like Nike are afforded the opportunity to make significant contributions to the decarbonization effort.

Amazon Opens Applications for the Third Year of Its Sustainability Accelerator Program

Amazon has opened applications for its 2024 Sustainability Accelerator program in an effort to continue its work in the carbon transition. Now in its third year, the program invites European startups in the climate tech sector to apply. 2024’s program promises an expansion in both innovation and collaboration.

With a partnership with EIT Climate-KIC, Europe's leading climate innovation agency, and Founders Intelligence, a top-notch innovation strategy consultancy, the Enhancing Amazon Sustainability Accelerator is reaching for greater heights.

The Accelerator is seeking daring and innovative startups focusing on four key areas:

  1. Consumer Products: Innovative and sustainable physical goods.
  2. Circular Economy: Extending the lifespan of products with innovations for logistics and repairs at the consumer level.
  3. Energy in Buildings: Technology to help buildings in their operational decarbonization with energy efficient solutions and AI.
  4. Packaging: Investment in renewable packaging materials and reusable systems within the sector.

Participants will experience an intense four-week Accelerator and pitch for a chance to collaborate with parts of Amazon’s business directly, potentially earning from $50,000-$2 million. Selected companies will also receive credits to Amazon Web Services (AWS) for cloud computing and API deployment.

The ongoing support of this program reflects the thriving sustainable startup ecosystem and Amazon's ambition to foster sustainable future growth.

Interested businesses must apply to the program by April 5 for the first cohort or July 31 for the second. This offers a great opportunity for businesses already future-focused on a sustainable world.

Southwest Invests in LanzaJet Sustainable Fuel Production

LanzaJet, Inc., a leader in sustainable fuel production and technology, recently announced a $30 million investment deal with Southwest Airlines Co. The deal reflects Southwest's commitment to environmental responsibility and marks a significant step toward the creation of a sustainable aviation fuel (SAF) production facility.

The proposed facility, to be developed in the United States, will reflect the technological innovations of LanzaJet’s operations. The plant will produce SAF at a rapid scale with a strong focus on eco-friendly feedstock and cost-effective operations.

This investment also opens opportunities for applying LanzaJet’s innovative technology to convert SAFFiRE’s (a fuel producer using renewable sources) cellulosic ethanol into SAF. Southwest has already invested in SAFFiRE, so the relationship between all three entities could yield a very promising next step in SAF production.

Southwest's support comes in the wake of the opening of the world's first commercial-scale ethanol-to-SAF plant, LanzaJet Freedom Pines Fuels. Situated in Soperton, Georgia, this pioneering plant aims to produce SAF and renewable diesel from low-carbon and sustainably certified ethanol.

This partnership contributes to a brighter, greener future by addressing one of the most significant sources of greenhouse gas emissions: aviation.

The focus on sustainable feedstock solutions and the potential to convert commercial residue into fuel underscores the transformative benefits of this deal on the sustainability landscape. The utilization of SAFFiRE’s technology, which transforms corn stover into ethanol, further cements this venture’s dedication to carbon-neutral solutions.

The deal presents an exciting vision for the future of sustainable aviation. Not only does it propel the industry forward, but it also sets a blueprint for others to follow in the pursuit of decarbonizing aviation.

By 2030, LanzaJet aspires to achieve an ambitious goal of 1 billion gallons of SAF production, a testament to their commitment to a sustainable future.

Get News, Insights, and Pricing Data on Biofuels and Beyond

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