THE WHAT? Shopify is supporting nine new entrepreneurial, tech-driven companies through its Sustainability Fund, bringing its total carbon removal purchase commitment to US$32 million.
THE DETAILS? The new partners include Loam, DroneSeed, Sustaera and Carbin Minerals.
Shopify is the largest purchaser for eight and the first purchaser for four of the new partners.
Shopify said, “As the largest purchaser, we are providing companies with a strong revenue stream that helps them secure financing, and as the first purchaser, we are sending a clear market signal for others to buy from these partners.
“Each company we’ve purchased from is working towards our shared goal of finding innovative ways to create a more sustainable future. They’ve created solutions that could truly revolutionize their sector and make an impactful contribution to reversing climate change at scale.”
The companies were selected based on critical factors, including technology and process, plans to scale, and the size of impact the purchase could have.
THE WHY? The latest round of purchases expands Shopify’s position as one of the largest corporate purchasers of long-term carbon removal globally with 39,380 tonnes total.
Stacy Kauk, Shopify Head of Sustainability, said, “Purchasing carbon removal from leading companies is critical to helping them scale, but purchasing from emerging companies pursuing novel approaches is equally essential. We need as many companies as possible innovating in this space to remove over 200 years of emissions to go beyond critical emission reductions.”
Aesthetic injectable companies refer to businesses or companies that specialize in manufacturing, distributing, or providing aesthetic injectable products and services. These companies focus on developing and supplying injectable substances used for cosmetic purposes, typically administered by qualified medical professionals. Aesthetic injectable companies play a crucial role in the field of aesthetic medicine and cosmetic dermatology by offering a variety of injectable products designed to enhance facial features, reduce wrinkles, and improve overall skin appearance.
Key aspects of aesthetic injectable companies include:
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Product Development: These companies research, develop, and manufacture aesthetic injectables such as dermal fillers, botulinum toxins (e.g., Botox), collagen stimulators, and other specialized formulations. They often innovate new products to meet evolving market demands and technological advancements.
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Distribution and Sales: Aesthetic injectable companies distribute their products through authorized channels, including healthcare providers, medical spas, and aesthetic clinics. They may also sell directly to licensed professionals who administer these treatments.
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Regulatory Compliance: Due to the medical nature of their products, aesthetic injectable companies adhere to strict regulatory guidelines and obtain necessary approvals from health authorities (e.g., FDA in the United States) to ensure safety, efficacy, and quality standards.
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Training and Support: Many companies provide training and educational support to healthcare professionals on the proper use, administration techniques, and safety protocols associated with their injectable products. This ensures that practitioners can deliver treatments effectively and safely.
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Customer Support: Aesthetic injectable companies offer customer support services to healthcare providers and consumers, addressing inquiries, providing product information, and assisting with product usage and troubleshooting.
