Change and Go Green
Social entrepreneurship is key to green industries that solve environmental problems by developing innovative solutions. While some organizations are eco-friendly in order to increase their customer base, others do so to reduce their environmental impact.
Green companies employ technology to create eco-friendly products and promote social good. They struggle to attract investors and make a mark in a saturated market of traditional businesses. Even though they have their challenges, many of them are successful and this article is dedicated to those who rose above the difficulties in 2019. How did they manage it? Many of these companies have founders who are passionate about helping Earth and humanity. Venture capitalists support them and they attract investors.
Impossible Foods uses plants for high-quality food production. The goal of this start-up is to produce vegetarian products for conscious consumers across the USA. This company uses complex molecular processes to extract nutrients from green food to produce imitation meats and cheeses. It also helps consumers to enjoy delicious meals while preserving the environment. The company raised over $380 million in funding by October 2018, to continue its operations.
Energy: Choose Energy
Choose Energy was founded in 2008 as a marketplace for green technology and services. Its mission was to make it easier for customers to shop for electricity and natural gas rates.
This start-up currently helps customers reduce their energy consumption by only using green products. Red Ventures purchased Choose Energy in 2017 to increase its success.
Holganix provides organic lawn care products to homeowners and businesses. They use natural microorganisms to keep their lawns healthy. They eliminate the need to fertilize lawns after someone switches to their products. Holganix’s management team has experience in the growth of lawn care businesses. They have done it twice before starting this brand. They set out to eliminate 100,000,000 pounds nitrates, 100,000,000 phosphates, and 25,000,000 ounces concentrated pesticides by Earth Day 2016. They succeeded. Its achievements led to its funding reaching $4.9 million.
Elevate Structure was founded by residential engineers. They wanted to create green structures in Hawaii and develop profitable real estate. Elevate Structure creates portable living spaces that are elevated above the ground. These spaces provide 20 times the amount of space as traditional dwellings and have a smaller footprint.
These structures are flexible and can be moved around by those who purchase them. People can spend anywhere from $75,000 to $125,000 for space of 250 square feet.
Solarkiosk, a German company that provides autonomous solar-powered commercial hubs, is well-known in Germany. They expanded their operations in Africa and Asia in 2014 through six subsidiaries located in major countries. Their mission was to provide information, technology and communication to rural communities.
Before Solarkiosk was created, no one had ever heard of similar business opportunities. Local entrepreneurs can use their technology to create eco-friendly businesses that lower energy costs and reduce environmental damage. Solarkiosk had an annual revenue of $4.4 Million in October 2018.
Freight Farms offers unique services as it makes shipping containers that can be converted into self-contained farms. It offers its customers the tools they need to grow new products year-round using hydroponics or LEDs. A hydroponic shipping container costs $85,000 on average.
A mobile app is also offered by the company that allows the farmer remote monitoring and control of the contents of the container.
- These brands are an example to other companies.
- They can help you save money
It is true that some traditional practices are more expensive upfront than eco-friendly alternatives. Green solutions can help you save money over the long-term, but it is important to consider your long-term costs. Incandescent bulbs can be cheaper than LED lights but they last 40 times as long and consume 10% less energy than traditional ones. Companies can save money on their energy bills by choosing green alternatives.
While some renewable energy sources remain expensive, trends suggest that they will become more affordable as technology improves. Today, solar energy is sold at competitive prices. It’s expected that it will become cheaper than coal within 10 years.
Public recognizes eco-friendly brands
The public used to be skeptical about brands that claimed they were eco-friendly a few years back. They are now able to recognize a green brand, regardless of whether it is promoting itself as such. Mil-tek says that when companies use renewable energy and recycling machinery to power their operations, the public is not afraid to identify them as green brands.
The internet has made it possible for companies to access complete information online about their energy consumption, supply chain and emissions. According to statistics, consumers will choose eco-friendly businesses even if it means they will have to pay more for their products and services. Companies can’t claim to be environmentally conscious because of transparency technology.
It protects the Earth
Although this benefit is obvious, it deserves to be repeated. There are more reasons for companies to adopt eco-friendly practices than just economic. They can help preserve the planet and prevent it from becoming even more damaged. They can reduce carbon dioxide emissions and lessen the impact of global climate change by adopting eco-friendly policies. Climate change can be proven to be the result of human activities by more than 90% of the studies. Small actions such as reducing fossil fuel use and paper usage can help protect natural habitats.
Individuals and businesses are responsible for maintaining the environment’s health. Resources are scarce, and the planet is constantly reminded by natural disasters that its resources can no longer support human activity.