Climate Finance | May 17, 2022

Sustain.Life secures $16 million to help small businesses take climate action

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, May 17 — The combined carbon emissions of the 90% of the world’s businesses that are small and mid-sized exceeds that of larger enterprises.

“Many major corporations have the resources to invest in sustainability initiatives, but most companies lack the resources to launch successful sustainability programs,” said Sustain.Life’s Mike Hanrahan, who formerly headed Walmart’s Intelligent Retail Lab.

New York-based Sustain.Life aims to help companies with auditable tracking of carbon, a key part of climate disclosure regulations proposed in the U.S. and already in place in Europe. 

Climate finance

Sustain.Life’s software platform helps businesses track and report emissions from their operations and supply chains.

“To solve climate change, we need tools that enable more people and organizations to take meaningful climate action — and we need them quickly,” said Hanrahan, who co-led the seed round with Tapestry VC. Active Impact Investments, Kompas, Agya Ventures and Seyen Capital participated.