A venture capital firm devoted exclusively to backing startups working to restore nature and biodiversity has closed its first funding round.

Superorganism has already used some of the $26 million it raised to back startups creating leather from invasive species, rebuilding fungal networks in forests and generating plastic from seaweed.

“You could think of us a lot like a climate tech fund,” said Kevin Webb, an investor and one of the fund’s managing directors. “But instead of looking at business opportunities to draw down CO2 or emit less of it, we’re doing the same thing for nature loss.”

The fund is premised on three areas of opportunities, explained Webb and conservation technologist Tom Quigley, his co-director: 

  • Industries historically tied to nature loss. Superorganism backs startups that can help reinvent these industries, reducing the pollution, habitat loss and other negative impacts they cause.
  • Intersection points between nature and climate. This could include technology for nature-based solutions, or using nature as an adaptation to rising sea levels. 
  • Enabling technologies. “We’re looking at the next generation of satellites, remote sensing, biotech, AI,” said Webb. “We’re looking for things that can be really useful in the hands of conservationists that allow them to do new things or do more with fewer resources.”

The fund has made 20 investments to date in the $250,000 to $500,000 range, with the focus on startups in the seed and pre-seed stage. The longer-term aim is a portfolio of around 35 companies. Backing for the initial round came from AMB Holdings, Builders Vision, Cisco Foundation and others.

Here are three startups that illustrate the fund’s goals:

Funga

Funga rewilds soil microbiology to accelerate forest regeneration, leading to faster growth and additional carbon sequestration. The startup says it has sequenced DNA in soil samples collected from hundreds of forests and used machine learning to discover which microbes correlate with healthier forests. It uses that data to inoculate seedlings in commercial tree nurseries prior to planting in forest regeneration projects.

The startup generates revenue by selling carbon credits issued for the forest growth made possible by the inoculations. Funga has enrolled 28,000 acres and last year revealed Netflix as the first purchaser of its credits.

Inversa

Interested in a pair of python loafers? How about a silverfish-skin wallet? Inversa has you covered. The startup pays hunting and fishing cooperatives to supply it with invasive species extracted from wild ecosystems, which it then turns into different kinds of leather. Current targets include the iguanas that have invaded coastal habitats in Florida, pythons in the Everglades, silverfin carp in the Mississippi River Basin and lionfish from coral reefs in the Caribbean.

An Inversa partnership with Florida wildlife services “supercharged” the removal of pythons from the Everglades, governor Ron DeSantis said in October: “The new program accomplished more removals in July 2025 alone than in the entire year before.”

Sway

Sway processes sustainably farmed seaweed from partners in Indonesia, Chile, Puerto Rico, Mexico and Madagascar into TPSea, biopolymer pellets that can be integrated into industry-standard plastic production systems. Current end products include films that can be used as wrappers, bags and windows in packaging. 

Fashion brands using Sway’s bioplastics include Burton, Faherty and Florence Marine. The product is also available through Atlantic Packaging, the largest privately held packaging company in North America, and was named a Best Invention of 2025 by Time magazine. 

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Welcome to the Trellis roundup of new products and services for sustainability professionals. Check out the new arrivals directly below, or click to jump to a specific category. We’ll be adding new sections as the list grows.

  1. Emissions reductions 
  2. Reporting and target-setting
  3. Carbon markets
  4. Circular economy

Do you have a favorite new tool you think should be on the list? Or have feedback — good or bad — about something we’ve featured? Email [email protected] with details.

New arrivals

Earned an EcoVadis badge? You can now display it on Amazon Business (Added Jan. 7, 2026)
Companies with Bronze, Silver, Gold, Platinum or Committed ratings from EcoVadis can showcase their achievement on Amazon Business stores in the EU and U.K. The impact could be significant if the dynamics seen on Amazon’s core consumer marketplace apply: Sellers operating there saw a 12-14 percent jump in sales after earning the company’s Climate Pledge Friendly badge.

Google’s open-source playbook on how to use AI in sustainability reporting (Dec. 15, 2025)
Sustainability leaders at Google have condensed two years of trial-and-error research on AI and sustainability reporting into a playbook with answers to questions such as “I know AI can help, but where do I even begin?”, “Which parts of the reporting heavy lifting are actually doable with AI?” and “Where can I find the copy-paste prompts to get this done?”

Sharper data on emissions from consumer use of products (Dec. 9, 2025)
Scope 3 emissions are often the toughest to measure — and within that scope, emissions from product use can be particularly challenging. Retailers’ end-use estimates should now get a little sharper thanks to an upgrade to the Direct-Use Product Emissions Database, a project of carbon management firm Optera and the Retail Industry Leaders Association. The resource contains data on emissions generated by consumer use of appliances, electronics and other products.

We missed the deforestation deadline. Now let’s get back on track (Dec. 8, 2025)
Demand for beef and other commodities derailed plans to end deforestation by 2025. Now, new guidance from the Accountability Framework initiative, a coalition of WWF and Ceres and other environmental organizations, is available for companies working to eliminate deforestation from supply chains. The Science Based Target initiative’s deforestation guidance, which is currently being revised, is designed to align with the framework.

1. Emissions reductions

Six steps to cut carbon and support climate action (Added Oct. 2025)
Most emissions-reduction frameworks focus on large companies. Not so the Climate Contribution Hub, a free-to-use site from the German nonprofit NewClimate Institute that provides a six-step process businesses and civil society organizations can use to cut carbon footprints and take responsibility for ongoing emissions. Successful companies will not, however, receive a certification (maybe not what your marketing team wants to hear).

2. Reporting and target-setting

Now the robots can read your sustainability report (Added Nov. 2025)
Actually, many companies will have to let robots read their reports: The EU’s Corporate Sustainability Reporting Directive will soon require metadata tags that allow machines to extract data from disclosures. Brisk AI is a new tool that simplifies the tagging process.

Run a double materiality assessment in minutes at no cost (Nov. 2025)
Should we file this one under too-good-to-be-true? Upright, a Finnish tech company, is offering double materiality assessments, free of charge and delivered within minutes after providing no more than a company URL.

A more holistic methodology for measuring net-zero efforts (Nov. 2025)
Traditional carbon accounting tools focus on efforts to reduce emissions. But what about a company’s influence on climate policy, or its financing for emerging net-zero technologies? The Climate Contribution Framework from software firm Sweep and the Mirova Research Center considers all three metrics. The methodology was developed by BearingPoint and Winrock International; corporate supporters include EDF, Renault Group and Veolia.

Find a target-setting expert — or become one yourself (Oct. 2025)
The Science Based Targets initiative has launched a directory of professionals that possess “advanced expertise in science-based target setting.” The list, currently 63 strong, includes employees at Quantis, Arup and elsewhere who have completed the initiatives’ SBTi Academy, earning them the right to register as SBTi Certified Experts.

3. Carbon markets

How not to miss the next issuance of removal credits (Added Oct. 2025)
Companies seeking offtakes of high-quality carbon removal credits sometimes issue requests for proposals — a good way to discover what’s out there, but not the most efficient of processes. The Nasdaq Carbon Issuance Calendar, a collaboration with consultancy Carbon Direct, aims to more easily connect buyers and sellers by listing projects with offtake availability. Registration is open now; listings are due to go live early next year.

Easy access to credits from the world’s largest biochar producer (Oct. 2025)
Biochar carbon credits are reasonably priced by the standards of “durable” carbon removal, a label earned by projects that lock carbon away for hundreds or thousands of years. Supercritical, a carbon credits marketplace, is now trying to smooth the sometimes-cumbersome purchase process and allow smaller buyers to access credits from Exomad, the world’s largest biochar project developer. “You don’t need a 100,000-tonne budget to access 100,000-tonne pricing,” says Supercritical.

4. Circular Economy

The missing manual for circular business practices (Added Nov. 2025)
The Global Circularity Protocol wants to be the Greenhouse Gas Protocol for the circular economy — a single interoperable framework for all sectors to align with. The 236-page playbook walks businesses through the steps needed to embed circularity in operations and supply chains.

What did we miss? And are these products as useful as advertised? Share your thoughts via [email protected].

The post Sustainability tools to use in 2026 appeared first on Trellis.

As scientists better understand the harms of industrial chemicals to nature and people’s health, lawsuits multiply and policies advance, while businesses face escalating, long-tail risks to bottom lines and reputations.

“We are seeing a lot more discussion of the need for better transparency on what chemicals are in products and the need for public data on their potential harms,” said Richard Wielechowski, a senior analyst at Planet Tracker in London.

The firm warns that 350,000 synthetic chemicals have been produced faster than they can be controlled, potentially triggering trillions of dollars in economic losses. “Forever chemicals” and plastics increasingly pose multiplying risks for businesses using or making them.

Despite federal backsliding on chemicals regulation in the U.S., regulations are advancing in numerous states and the EU. Fears about chemicals may cut across the political divide more than climate concerns do.

One potential tipping point for global action across industries and governments: In November, the United Nations will hold its first International Conference of the Global Framework on Chemicals in Geneva.

“Whether you’re an electronics, apparel or shampoo manufacturer, I see increasing alignment around getting better and more reliable information from your supply chain so you don’t get surprised,” said Bill Walsh, director of the Safer Chemistry Impact Fund in Los Angeles.

The financial case

Investors are watching how companies handle these risks. Hazardous chemicals disrupt shareholder value and consumer trust, according to the Investor Environmental Health Network, part of the nonprofit advocacy organization Clean Production Action.

The Investor Initiative on Hazardous Chemicals, a consortium of 75 firms with trillions of dollars under management, is urging chemical makers to disclose phase-out plans for persistent pollutants.

Policy snapshot

Global businesses will need to comply with an anticipated update in 2026 or 2027 by the European Commission to its sweeping Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) rules.

Gridlock in the U.S. leaves federal chemical regulations stalled as the Trump administration aggressively seeks to diminish the EPA. Nevertheless, the agency is supposed to tackle a backlog of chemical risk evaluations by 2027 under the Toxic Substances Control Act, which could lead to chemical belt-tightening by business.

As companies continue to pay for remediation and class-action lawsuits from chemicals banned decades ago, the following categories are emerging as the most acute business risks on the horizon:

‘Forever chemicals’

A major flashpoint: “forever chemicals” known as PFAS, short for per- and polyfluoroalkyl substances, popular for stain-proofing and waterproofing clothes, shoes and furniture. Linked to cancer and infertility, they are difficult to destroy.

As chemical giants including 3M and BASF are dropping PFAS, liabilities also loom for companies still using them, which may represent half the global economy.

Out of roughly 10,000 types of PFAS, only dozens are well studied. The compounds pollute more than 9,500 sites across the U.S., and 17,000 more in Europe.

Movement is building to eliminate the substances from consumer products, and the issue has gained traction in rural America and across party lines.

Maine and Minnesota are mulling sweeping PFAS bans. In 2026, Illinois and Vermont, followed by New Hampshire in 2027, will block PFAS in cosmetics, food packaging and cookware. About a dozen states, including California, already restrict PFAS in food packaging and other goods.

Plastics, plastic additives and microfibers

The 16,000 chemicals associated with plastics include hormone-disrupting phthalates and bisphenols, which are already banned in baby bottles and toys in the U.S. and Europe. However, substitutions are proving to have unanticipated consequences.

Lawsuits and tighter policies are expected around single-use plastic packaging and synthetic textiles as consumers learn about health hazards from microplastics.

“We need better ways for brands to test for and understand how packaging and microplastics can enter their products and how to get them out,” said Lindsay Dahl, author of “Cleaning House: The Fight to Rid our Homes of Toxic Chemicals,” and chief impact officer at vitamin maker Ritual.

Flame retardants

Fireproofing chemicals in furniture were supposed to save lives, but they’ve likely sparked countless cancers. From IKEA to Pottery Barn, dozens of brands no longer infuse couches with certain flame retardants. That’s partly the result of activism by safer chemistry pioneer Arlene Blum. The Green Science Policy Institute in Berkeley, California, which she co-founded and directs, is now campaigning for the auto industry to cease using the same chemicals.

Antimicrobials

The watchdog’s latest target is less on the public’s radar, at least for now. Antimicrobial chemicals, which proliferated during the COVID-19 pandemic, appear in everything from hand soaps to cutting boards to pens.

Marketed as hygienic, these substances can cause health problems and weaken the immune system’s germ-fighting powers. The FDA banned antibacterials triclosan and triclocarbon in soaps in 2016, but Blum believes their alternatives remain problematic.

Legacy chemicals persist

Even products off the market for decades can spook insurers and investors. Despite longstanding regulations, asbestos, lead, PCE, methylene chloride, PCBs and DDT circulate in nature.

Epidemiologists are better able to connect substances with disease, and courts are more open to delayed claims of harm.

Failures to test for and disclose contaminants that slip into products can haunt companies later. A California bill is advancing to regulate heavy metals in vitamins.

The “Make America Healthy Again” movement is targeting artificial dyes and colorants in food and cosmetics. Safer alternatives are widely available, unlike with PFAS, where some companies are fighting to preserve existing formulations, according to Walsh.

The post Toxic chemicals risks that companies need to address now appeared first on Trellis.

The era of effortless ESG signalling has ended. We’re deep into a “downwave” of media and investor interest in sustainable business. So many businesses sustainability plans are fragmenting in response to different regulations, expectations and swirly political realities across the world. 

The big question is how to respond. And the way I see it, there are three pathways through this messy landscape — pride, hide or slide.

These three approaches have little to do with the existential challenges that keep us awake. Nor are they necessarily what corporate leadership believes should be their priorities in response to those world-changing trends. They are about how organizations continue to function in a deeply polarized world, with intensifying scrutiny of claims, growing litigation risk and unpredictable markets. 

Pride: louder, clearer public commitment

You double down on your goals, you defend your commitments and you talk about them. You advocate, you market, you show your progress to nearly everyone.

Pride means continuing, and often expanding, public commitment to environmental and social goals. Prideful companies keep or upgrade their targets, publish progress, market their sustainability credentials and are willing to advocate publicly. They speak about climate, equity and responsibility not as side issues but as part of their brand and purpose.

Patagonia remains the archetype here, treating activism as integral to its business model rather than a reputational accessory. REI has similarly refused to retreat into silence, connecting its commercial offering to climate action, renewable energy and community investment. And Ben & Jerry’s, despite governance tensions with its parent company, still operates as if values-led advocacy is non-negotiable. I expect to see more pride positioning in Asia and South America as new middle classes catch the sustainability vibe. 

Pride can be a valid and powerful choice in 2026, but only under specific conditions. In disrupted markets, sustainability can still differentiate, provided it’s specific, provable and tied to the product or service itself. 

Talent dynamics also matter: Despite the noise of backlash, many employees still see environmental and social values as a signal of long-term seriousness and cultural safety. There’s also a legal logic to pride when it’s done properly. As greenwashing enforcement sharpens, companies with detailed data, clear methodologies and transparent progress may be better protected than those relying on vague promises.

Hide: Keep doing the work, change the language

Same commitments with different nouns. Like many companies already operating in this way, you move away from “ESG,” “DEI,” perhaps even “net zero,” and you talk instead about risk, resilience, efficiency, responsibility, local impact, nature, health, reliability or energy security.

Hide is a subtler and more widespread pathway. Hide means changing the language, but not the goals. I’ve helped shape so many of these “new” narratives over the past months, with a brief to avoid “hot button” language such as climate, justice, diversity and ESG. And I’ve done so with a clear conscience and all the creativity I can muster, because keeping the action matters more than the words. 

Targets, investments and programs are protected, but the vocabulary shifts. ESG disappears from report titles. DEI becomes “community culture” or “people strategy.” Climate becomes “energy resilience,” “valuing nature” or “risk management.” Net zero quietly recedes in favor of efficiency, reliability and cost control.

Many U.S. companies have moved in this direction, particularly in response to state-level political pressure and legal uncertainty. Across large-cap U.S. firms, the acronym ESG itself has been systematically scrubbed from public-facing documents, even as much of the underlying content remains. Constellation Brands, for example, publicly reframed its DEI efforts, renaming teams and redirecting attention toward local suppliers and community investment. Hide can be a rational strategy in 2026 for several reasons. First, it reduces noise. When sustainability language becomes a lightning rod, execution suffers if internal energy is consumed by messaging debates rather than delivery. Second, it lowers political exposure. In parts of the U.S., certain words function less as descriptors and more as ideological triggers. Removing them can be a form of operational risk management rather than ideological retreat. Finally, it aligns with a quieter investor shift. Serious capital is increasingly less interested in moral theatre and more focused on whether companies understand long-term risk, resilience and competitiveness.

Slide: An actual retreat

You drop commitments, weaken targets, leave alliances, cut programs and sometimes you do it loudly as a signal to politicians or a particular customer base. 

Slide is a retreat. Wells Fargo’s decision to step away from net-zero commitments is a clear example. Meta’s dismantling of core DEI initiatives, justified by legal and political risk, reflects a similar calculation.

Slide is often framed as realism and perhaps, in some narrow circumstances, it can be defensible. Some companies set targets they never resourced and are now choosing the uncomfortable honesty of withdrawal over the slow bleed of under-delivery. Others are prioritizing short-term regulatory access or political capital in highly exposed sectors. In industries facing severe margin pressure, sustainability is sometimes still treated as discretionary, particularly where it was never embedded into capital planning or operations.

But slide is the most dangerous option in the medium to long term. Reputational damage is only the first cost. Talent loss, reduced innovation capacity and vulnerability to physical climate risk follow. More importantly, retreat doesn’t stop the underlying forces driving our global energy transition. Climate impacts, insurance constraints, supply chain disruption and future regulation don’t disappear just because a company has stopped talking about them. Sliding away from preparedness today almost always means paying more to catch up tomorrow.

So which approach should companies choose in 2026? The answer for many will be a hybrid scenario. Pride where performance is real and measurable. Hide where language has become a distraction from delivery. And extreme caution around slide, reserved only for situations where commitments were hollow to begin with and a credible alternative strategy exists.

Yes, you can mix-and-match these responses. But the three archetypes are useful because they force a brutally practical question: are you going to signal, soften or surrender in 2026?

The post Pride, hide or slide: 3 sustainability strategies for 2026 appeared first on Trellis.

For much of the past two decades, the chief sustainability officer was a corporate avatar of progress. If a company had one, it signaled seriousness — about climate, social impact, governance, transparency, resilience and more.

That’s changing. In some circles, the CSO is now seen less as a vanguard and more as a vestige, a bureaucrat more than a builder. The question, still largely whispered, is blunt: Is the CSO increasingly irrelevant?

The answer, inconveniently: yes and no.

On the one hand, sustainability strategy and implementation have been pushed into business units and functions — procurement, finance, legal — leaving less need for a singular department. On the other hand, a dedicated someone at the executive level needs to “own” an organization’s sustainability strategy, goals, commitments and transparency.

That is, it’s subject to debate.

We’ll be holding that debate on stage next month at GreenBiz 26 in a 90-minute plenary session devoted to airing both sides of this existential question. I’ll be co-hosting the debate along with Sophie Lambin, CEO of Kite Insights, who has staged such debates at Davos and Climate Weeks and alongside COP conferences, among other places around the world.

I’ve had the good fortune to participate in two Kite debates on other topics, as a debater (at COP28 in Dubai in 2023, arguing the motion “We can upskill our way out of the climate crisis”) and as co-host (at Climate Week NYC in September — “AI will do nature’s work”). Employing the Oxford debate style — two teams of three, volleying back and forth — they are as entertaining as they are enlightening.

The winner, as determined by the audience, is not which team is “right” but which is more persuasive.

The format encourages thoughtful consideration of both sides. In Dubai, for example, I was tasked with making a case that was counter to my belief. (My team won.)

What are some points likely to be raised at GreenBiz 26? Here’s my take on the arguments you’ll hear, although I’m quite certain that the debaters will each bring their own special sauce to the occasion.

The case for irrelevance

In some companies, sustainability has become everyone’s job or no one’s. Climate risk sits with finance. Supply-chain emissions live in procurement. Product sustainability belongs to R&D. Investor disclosures are owned by legal. Strategy is handled by — well, strategy. The CSO, meanwhile, often floats above it all, coordinating, cajoling and translating, but with little direct authority.

That made sense when sustainability was marginal. It makes less sense now that it is material.

As sustainability has matured, the CSO role has often failed to evolve at the same pace. Too many CSOs still lack direct control over capital allocation, product design or operational decisions. They focus on reporting, frameworks and reputation rather than on value creation. Their power is influence, not imperative.

Add to this the political backlash that is pushing companies to keep their sustainability initiatives sotto voce, plus the regulatory uncertainty and ESG fatigue of the past few years, it’s no wonder the CSO’s role has become a lightning rod — responsible for navigating a culture war with fewer tools, less air cover and smaller budgets than even a couple years ago.

Then there’s the talent paradox. CSOs, deeply knowledgeable about climate science, human rights or stakeholder engagement, may be less fluent in finance, operations or P&L trade-offs. In an era when sustainability must compete head-to-head with growth, resilience and margin pressure, that gap matters.

Seen through this lens, the role can look like a transitional one — useful for a chapter but destined to dissolve as sustainability is absorbed into core functions.

The case for relevance

Writing off the CSO is not only premature, it misunderstands the moment we’re in.

Sustainability has become more complex, more interconnected and more consequential. Climate risk is now systemic. Supply chains are geopolitical. Water scarcity is local and acute. AI and data centers are impacting energy systems, aquifers and land use. Nature loss is impacting food security and insurance markets.

This is not a coordination problem that solves itself.

What the best CSOs do — and what few other executives are positioned to do — is integrate across silos. They link climate science to capital planning, human rights to procurement, regulatory risk to product strategy, and long-term planetary constraints to near-term business decisions. That connective tissue doesn’t form by accident. It requires a systemic role and mandate over a sustained period.

Moreover, a growing number of CSOs do bring deep business experience to their roles, some having already served in supply chain, finance and other mission-critical parts of the company. They can play a critical role in bridging the all-too-common gap between sustainability and more traditional business goals.

Without a senior executive whose job it is to keep asking uncomfortable questions — about tradeoffs, time horizons and externalities, among other things — sustainability tends to lose gravity.

So, what do you think? I can assure you that whatever your current leanings, you’ll come away from this debate with new insights and inspiration. You might even think differently about your job.

The post Is the chief sustainability officer becoming irrelevant? It’s debatable appeared first on Trellis.

Sightline Climate’s fifth annual Climate Tech Investment Trends Report landed last week with a clear message: Climate tech investment is maturing, consolidating and increasingly tethered to AI’s voracious appetite for power. Despite policy whiplash and market uncertainty, 2025 delivered a modest but significant rebound — $40.5 billion in worldwide venture and growth capital, up 8 percent from 2024, marking the first increase since the boom years of 2021-2022.

Overall deal count fell 18 percent while half of the top 10 deals exceeded $1 billion. In other words, investors are writing bigger checks to fewer companies, with growth-stage investment up 78 percent while seed and Series A dropped 20 percent and 7 percent, respectively. The climate tech market isn’t just recovering — it’s recalibrating around proven winners and energy security.

Flight to quality 

One significant shift in 2025 was the distribution of capital. Growth-stage investment (Series D+) spiked, with deal count up 41 percent, while Series C hit an all-time low — down 32 percent with just 45 deals completed. This isn’t just a funding gap; it’s a strategic repositioning. Investors have essentially declared winners in emerging sectors.

Looking forward to 2026, I expect the trend to continue, with the Trump administration’s “Big Beautiful Act” creating policy certainty, limited partners demanding returns and the AI buildout providing tailwinds for several climate technologies.

The AI tailwind 

The AI boom created an interesting paradox for climate tech in 2025: the sector’s biggest environmental challenge became its most powerful investment driver. Data centers consumed 78 percent of the built environment’s funding in 2025, driving investment in grid hardware, energy management software, batteries, nuclear power and next-generation geothermal. Fission and fusion funding reached all-time highs as utilities scramble to meet gigawatts of new demand projected over the next two years. As a result, clean-energy investment grew 31 percent to $14.4 billion, reaching a three-year high.

The big question for 2026 is whether this massive investment in AI is sustainable. Is it a bubble marked by excessive debt and overblown demand? I suspect the buildout will continue through 2026, although investors will demand clearer paths to monetization and watch for signs of overcapacity. 

Security over sustainability 

In 2025, the language of climate tech shifted — and I believe that’s cause for optimism. “Decarbonization” gave way to “energy security.” “Emissions reduction” became “resilience.” Rather than signaling retreat, this rebranding revealed that the market values climate solutions for cost savings and security, not just environmental impact.

The shift paid off for startups aligned with domestic manufacturing priorities. Defense applications proved particularly lucrative, with the Pentagon paying premiums for advanced batteries and grid technologies. That climate tech entrepreneurs and investors could find market validation simply by reframing their pitch demonstrates the technologies’ innate value — they were solving real-world problems all along, not just boosting environmental goals.

The liquidity crunch continues

The exit environment in 2025 remained challenging, albeit nearly flat from 2024. Exits dropped 5 percent overall, with acquisitions making up 89 percent of all exits — 191 compared to 202 in 2024. It’s still a buyer’s market, with larger companies cherry-picking smaller players for capacity and project access rather than paying premiums for innovation. Notable bankruptcies — Northvolt, Li-Cycle, Sunnova, Mosaic and Powin — served as stark reminders that capital intensity and technology risk remain unforgiving.

The silver lining? Bankruptcies fell 50 percent compared to 2024, suggesting that the weakest players have been cleared out. Investors sought “tidy acquisitions and select IPOs,” according to the Sightline report, as LPs increased pressure for liquidity.

I expect exits to tick upward in 2026 as “vintage funds” (from 2020 to 2021) push portfolio companies toward profitability rather than growth at all costs. The flight-to-quality dynamic means investors are maturing select startups toward exit rather than spreading bets, and corporations will stay acquisitive as long as ROI is significant.

The bottom line

Climate tech’s 2025 rebound reveals selective optimism tempered by reality. Investors bet big on proven technologies solving AI’s power demands, while early-stage innovators struggled. Nuclear power will continue attracting massive funding despite interconnection bottlenecks, and a warming world should drive M&A in climate adaptation technologies that assess risk and build resilience.

Corporate appetite for energy-efficient technologies remains strong despite policy blowback. Whether the AI tailwind is sustainable will help determine whether 2025’s rebound marks the beginning of climate tech’s mature growth phase or merely a temporary lift.

The post Climate tech investment in 2026: bigger checks, fewer bets and the AI wave appeared first on Trellis.

Exploring a new frontier for soil carbon credits, San Antonio-based startup Grassroots Carbon said today that it has reached 1.9 million tons in carbon removal and storage, and more than 1.5 million in retired credits.

Founded in 2021, Grassroots Carbon works with ranchers to improve soil health via sampling, regenerative practices that include rotating paddocks with mobile fencing, software tools such as PastureMap and what it calls “the largest privately collected soil carbon dataset in the U.S.”

Selling the credits to corporate buyers including Nestlé, Microsoft and Chevron, the company shares the revenue with ranchers, providing supplemental income to landowners who are struggling with overseas competition, high debt loads, reduced appetites for beef in developed countries and low prices driven by corporate mega-ranches that use environmentally destructive, carbon-intensive practices to raise and slaughter cattle.

There’s no upfront cost to participate — Grassroots provides soil testing, education in regenerative practices, access to PastureMap and its proprietary dataset, and credit marketing for free — and the company says it has made $40 million in direct payments to ranchers for carbon sequestered in soil.

“We’re not only storing carbon but helping provide cleaner water and money for locals, turning what might be thought of as a compliance checkbox into a positive story and a net benefit for communities,” said Grassroots Vice President of Carbon Solutions Katie Pearson during a panel discussion at Trellis Impact 25. (Grassroots Carbon paid to exhibit at the event.)

The Great Plains carbon sink

Covering more than 650 million acres, America’s Great Plains are one of the greatest carbon sinks on the planet. Much of this land has been degraded by development, drought and overgrazing; nearly 7,000 acres of native grassland are lost in the U.S. every day, according to the National Beef Grasslands Initiative.

These trends are being accelerated by urbanization and the increasing demand for cheap land for giant, water-thirsty data centers. In Texas alone — where open range is abundant and power is cheap — more than 1,000 acres a day are paved over with concrete, said Chad Ellis, CEO of the Texas Agricultural Land Trust, during the TI25 session: “It’s the ‘Oh, shit’ moment.”

Overgrazing and heavy water consumption by industrial-scale ranching, which generated more than $260 billion in revenue in 2024, contributes to the destruction of grasslands. Grassroots’ model incorporates not only state-of-the-art soil core testing down to one meter in depth and sophisticated mapping tools, but also traditional practices followed by herders for millennia — including rotational grazing, in which cattle are moved from one contained paddock to another so native grasses and shrubs, and the soil in which they grow, can recover.

Containing herds on smaller pastures, as opposed to conventional open-range ranching, actually helps soil health; as cows trample organic matter into soil, it increases carbon capture and storage.

The Grassroots Carbon model is “all about moving carbon from the atmosphere to the soil,” said Lars Dryud, CEO of EarthOptics, during the TI25 session. EarthOptics developed the first remote-sensing method for precisely measuring soil carbon and is working with Grassroots, .

Promise and challenges

The promise of soil carbon sequestration is huge — worldwide, the top meter of soil stores more carbon than the atmosphere and total biomass on Earth combined — but questions and uncertainties remain.

One is about additionality — the requirement that credits must be generated from carbon removed or reduced from newly adopted practices. The carbon removal benefits of returning the soil to health are difficult to measure, and there is no universal standard for verifying soil carbon credits.

Another is scale: Simply put, it takes a lot of land to generate sufficient credits to make carbon credit programs profitable for farmers and ranchers. “A 1,000-acre farm would generate around 200 credits/year on average, and if valued at $40/credit, the farmer would earn only about $6,000/year of additional income for conducting a soil carbon project,” according to an analysis from S&P Global.

Grassroots Carbon addresses these challenges by aggregating credits across multiple ranches, adhering to accepted verification frameworks such as The Regenerative Standard from the Applied Ecological Institute, and paying ranchers market rates. While the company declines to give precise pricing numbers, it says its credits sell above the California Carbon Allowance’s 2025 floor price of $25.87 per ton.

The issued credits are verified by multiple third parties, said CEO Brad Tipper in an email: “EarthOptics executes field sampling, PatternAg performs third-party laboratory analysis, Comite Resources verifies project implementation and results, and the Applied Ecological Institute reviews and certifies each credit before issuance.”

The company has also actively supported the development of the Climate Action Reserve’s Soil Enrichment Protocol version 2.0, as a member of the working group that is finalizing the new version.

“Grassroots Carbon was built to prove that regenerative ranching can be the most profitable and productive form of ranching,” said Tipper. “We focus on unlocking financial opportunity for ranchers in ways that were previously inaccessible through soil carbon outcomes.”

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We’re less than two weeks into 2026 and already it’s been a turbulent start. Beneath the headlines, recent research reveals a striking divide in optimism versus pessimism about the world’s direction, offering key insights for organizations seeking to engage global audiences on the sustainability agenda.

Trellis data partner GlobeScan found that when looking at net ratings across 33 markets surveyed China and Vietnam ead the world in confidence that things are moving in the right direction. Saudi Arabia, Egypt and Nigeria also show high levels of optimism, along with India and Indonesia. These markets represent fertile ground for sustainability initiatives and forward-looking partnerships.

Markets in Latin America are more pessimistic than most other emerging regions, although attitudes vary across countries surveyed. Pessimism is strongest in Colombia and Brazil, and lowest in Peru.

On the flip side, Europe and North America are significantly more pessimistic. It’s highest in France, the Netherlands, Portugal and Italy, with Germany and Sweden also among the most pessimistic countries.

In North America, the United States shows a blend of hopeful and cautious attitudes, largely corresponding with political affiliation: Republican-leaning voters are far more optimistic about the future than Democrat-leaning voters. Canadians tend to be more skeptical than Americans overall. These markets require communication that acknowledges concerns and demonstrates measurable progress.

What this means

Optimism and pessimism are unevenly distributed globally, presenting distinct opportunities and challenges for engagement. In emerging markets, high confidence offers momentum for sustainability programs, innovation and partnerships, with communications playing a key role in amplifying achievements and inviting participation.

In contrast, skepticism in Europe and North America calls for a more strategic approach: acknowledging concerns, demonstrating measurable impact and fostering trust. Tailoring strategies to these regional mindsets is essential for sustainability professionals aiming to drive their agenda forward in a world where optimism and skepticism coexist.

Based on a survey of more than 31,000 people conducted July — August 2025.

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The opinions expressed here by Trellis expert contributors are their own, not those of Trellis.​

Never let a lull go to waste. That’s the simple message for anyone working on environmental issues in textiles and apparel who feels worn down. The buzz around climate, ESG and sustainable fashion has cooled. In Washington, climate rules are stalled or watered down. And around the industry, some companies are treating the shift as permission to ease off the gas and move sustainability back into the nice-to-have column.

In many businesses, sustainability budgets are under review and projects are being pushed. People who once invited long presentations on climate risk now ask for shorter decks focused on margin and inventory. Suppose you have spent years working on cleaner production, better farming practices or traceability. In that case, your work has been downgraded to a side note. The temptation is to wait for a friendlier policy climate and hope the wind changes.

That would be a mistake. A policy lull doesn’t change the fundamental facts facing this industry: stressed water basins, volatile energy prices, fragile raw material supply, growing waste streams and rising expectations from buyers and younger consumers. Mills are still fighting wastewater costs, brands are still drowning in excess inventory and farmers are still dealing with unstable weather. The underlying pressures remain in place. The question is whether we use this quiet period to regroup or complain.

We should view this lull as an opportunity to act and make headway on important issues complicating progress on sustainability. Here are three ways to do that. 

Streamline a confusing array of standards 

One problem we can tackle without any new law is the mess we created with standards. The sector is overcrowded with indexes, scores, badges and certifications. Each one promises clarity; together they deliver confusion. Factory managers face overlapping questionnaires from different brands, each tied to a slightly different framework. The same polyester T-shirt can be rated three ways, depending on whose template you use.

From a distance, it looks like progress. Up close, it seems like bureaucracy. Instead of a short list of core metrics that everyone understands — water use, energy, chemistry, land, waste, overproduction — we’ve assembled a patchwork of tools that rarely match up. Assumptions are buried in methodology notes. Data is locked behind memberships. People on the production floor are left wondering which version of “sustainable” they are supposed to hit this season.

The lull is a chance to clean this up. Rather than inventing yet another scorecard, we can work on aligning what already exists, pushing for shared baselines and open methods. That means fewer vanity projects and more work on comparability and interoperability. It also means being honest about which tools help reduce discharge, cut waste or improve yields — and which mainly help marketing departments fill sustainability pages. Suppose we want to be taken seriously the next time governments or investors look for credible industry standards. In that case, this is the housekeeping we must do now.

Turn environmentalism into an operations strategy

Another gap sits inside the business case. Environmental initiatives have generated plenty of concepts, such as preferred fibers, circularity, regenerative this and that, but too often the pitch stops at values and reputation. That plays well on stage, but it doesn’t always survive a budget meeting. And yet, much of what we call environmental improvement is just better industrial management. Tighter dye recipes mean fewer reruns and less effluent. Smarter pattern-making and cutting reduces fabric waste. More efficient boilers and motors cut both emissions and electricity bills. Better planning reduces rush air freight and the write-offs that follow poor forecasting. These are familiar operational problems that happen to carry environmental benefits, not the other way around.

The lull gives us time to put complex numbers on these links. Instead of leading with carbon alone, start with yield, scrap rates, energy per unit, and payback periods. Show how a wastewater fix reduces chemical spend and downtime. Show how cutting fabric waste improves margin and reduces landfill pressure. When environmental work is presented to stabilize costs and strengthen supply, it stops looking like politics and becomes common sense. That is the argument that will endure, no matter who wins the next election.

Include more voices in conversations 

There’s also room to rethink who is in the room. Too many discussions about sustainability still take place among the same circle of brands, NGOs and consultants. Meanwhile, people who run spinning frames, dye jets, cutting tables, knitting machines or trucks are often brought in at the end, if at all. The best ideas usually appear when those voices are involved from the start.

This lull is a good time to bring the value chain together around specific problems instead of abstract goals. Farmers, ginners, spinners, weavers, knitters, dyers, finishers, cut-and-sew operators, logistics firms, recyclers and brands all see different parts of the same system. Sit them down with a simple process map and ask where the most significant waste, cost, and risk points really sit. Then test practical changes in real facilities, not just in pilot reports or glossy case studies.

For people working on environmental issues, this means a shift in role. Less time acting as the conscience in the corner, more time serving as a translator between technical, commercial, and policy worlds. Less focus on adding new commitments, more emphasis on helping teams execute a smaller number of changes that matter. When the policy cycle swings back, and governments look for industries with serious, workable plans, those who used the lull well will be ready. Never let a lull go to waste.

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UnitedHealth Group Chief Sustainability Officer and Executive Vice President Patricia Lewis officially retired in December after almost four years in the role.

Lewis announced her intention to leave this past June in a LinkedIn post, shortly after the unexpected resignation of United Health’s former CEO Andrew Witty. She has started an executive advisory firm.

The world’s largest healthcare company by revenue hasn’t publicly named a new CSO, and it did not respond to requests for comment.

Lewis was UnitedHealth’s chief human resources officer before becoming its first chief sustainability officer in February 2022. Her career as an HR executive started with DuPont in 1989. She was also a top executive focused on employee culture, diversity and inclusion at IBM and Lockheed Martin.

UnitedHealth’s current environmental targets are based on the healthcare provider’s emissions levels during 2023, and include a commitment to cut operational and electricity-related emissions (Scopes 1 and 2) by 60 percent by 2030. It has achieved a 3 percent reduction through 2024 and is aiming for “operational net zero” by 2035.

The healthcare company also has committed to encouraging 77 percent of its suppliers to set science-based emissions reduction targets by 2030. As of the latest update, 65 percent of them had a roadmap in place. 

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