Photo by Michael Marais on Unsplash
Author: Emily Cashen
March 31, 2021
The pandemic has prompted us to rethink many features of our lives, from our working habits to how and the place we spend our cash. It has additionally served to intensify our consciousness of environmental points, as we start to think about the world we wish to see post-pandemic. According to a survey by administration consultancy firm Accenture, 60 p.c of customers say that they’ve began making extra environmentally pleasant, sustainable or moral purchases because the onset of the pandemic in 2020.
In the enterprise world, too, sustainability has grow to be a high precedence over the course of the previous 12 months, with main companies equivalent to Unilever and Google asserting vital inexperienced pledges over the course of 2020. Even amid the COVID-19 crunch, enterprise capital companies have been pouring cash into sustainable, purpose-driven start-ups, suggesting that eco-friendly services and products might be a key space of development in the post-pandemic world. With that in thoughts, let’s check out 5 of Europe’s high sustainability pioneers.
1 – Oatly (Sweden)
The non-dairy milk market has been booming in current years, and is predicted to succeed in revenues of over $38bn by 2024. This is nice information certainly for Swedish oat milk-manufacturer Oatly, which has seen its gross sales soar as ethically-driven customers search alternate options to conventional dairy merchandise. Founded in the 1990s, the corporate states its goal as: “to make it simple for folks to show what they eat and drink into moments of wholesome pleasure, with out recklessly taxing the planets’ sources in the method.” Boasting partnerships with main retailers equivalent to Starbucks, the corporate is undoubtedly one of the crucial outstanding names in the plant-based trade, and is now stated to be searching for a valuation of near $10bn because it prepares to go public on the US inventory change.
2 – EO Charging (UK)
With lots of the world’s employees giving up the each day commute in order to do business from home in 2020, the pandemic has inspired a reassessment of our transport utilization. While world automotive gross sales fell by round a fifth in the course of the pandemic, gross sales of electrical automobiles rose by a outstanding 43 p.c, displaying an elevated urge for food for eco-friendly automobiles. As the demand for electrical automobiles grows, the necessity for elevated EV charging infrastructure is turning into ever extra obvious. Based in the UK, EO Charging is one among Europe’s main producers of electrical automobile charging ports, having bought greater than 30,000 charging factors in over 30 international locations in the 5 years since its launch. Working with high-profile companions equivalent to Uber, Sainsbury’s and Ocado to facilitate a transition to EV, EO Charging was lately named among the many Financial Times’ quickest rising firms in Europe.
3 – Cellugy (Denmark)
Plastic air pollution is an space that has come into sharp focus over the course of the previous 12 months, with discarded single-use masks turning into an all too frequent sight because the begin of the pandemic. Based in Aarhus, Denmark, Cellugy is a pioneering biotech start-up that’s dedicated to serving to to deliver an finish to plastic air pollution via the creation of different types of packaging. Its revolutionary product, referred to as EcoFLEXY, is a sturdy materials designed to be used in the packaging trade. Made from recycled meals waste, the product is all-natural, absolutely recyclable and biodegradable. In a current seed spherical, the corporate raised €2.38m from the European Innovation Council Accelerator, which can enable it to scale-up manufacturing of its EcoFLEXY product.
4 – RanMarine Technology (Netherlands)
An sudden aspect impact of the COVID-19 pandemic has been the unlucky enhance in marine litter air pollution. Plastic gloves, single-use masks and different types of PPE have been washing up on seashores throughout the globe, with this enhance in plastic waste threatening the well being of marine life the world over. Dutch drone know-how agency RanMarine is the corporate behind the revolutionary WasteShark – a product designed to clear plastic and different waste from all method of waterways. The machine has a 10-hour ‘swimtime,’ and is ready to clear 500kg of particles from the water every day – with customers in a position to management the machine remotely and monitor its progress in actual time. The agency secured a Series-A funding in 2020, permitting it to scale-up its operations this 12 months and past.
5 – Meatless Farm (UK)
After years of unstoppable rise, 2020 was the 12 months that plant-based meals properly and actually hit the mainstream. In the UK, gross sales of plant-based meals hit £1bn for the primary time, with market analysis firm Kantar discovering that 13 million customers had purchased meat-free substitutes and dairy-free milk. Fully-vegan firms equivalent to Meatless Farm have seen their gross sales soar as demand for plant-based merchandise grows. The British agency is on observe to file £50m in gross sales in 2021, with founder Morten Toft Bech setting his sights on an eventual $1bn valuation. If achieved, this may make the Meatless Farm a uncommon ‘unicorn’ firm. After a ‘Veganuary’ gross sales bump – which noticed the corporate’s world gross sales rise by 92 p.c in contrast with the identical month in 2020 – 2021 is already shaping as much as be a momentous 12 months for the Meatless Farm.