At Elemental, we are proud to help companies from all sectors of our economy identify pathways and implement solutions to decarbonization. Often, that means a company has set ambitious goals to reduce emissions in the coming decades and needs technologies, data, and insights to make their net-zero goal a reality. But what happens when net zero is just the starting line, and the company has a greater vision for its impact?
A market leader in design-and-make software, Autodesk announced in May 2021 that the company had achieved its goal to become a net-zero greenhouse gas emissions company across its business and value chain. This effort builds upon Autodesk’s track record of placing sustainability and social impact at the core of its business strategy, including allocating 1% of operating margin to its philanthropic arm, the Autodesk Foundation. The Autodesk Foundation leverages Autodesk’s industry expertise and resources to support startups and nonprofits designing and scaling innovative solutions to the world’s most pressing social and environmental challenges.
Collaborating with Elemental broadens Autodesk Foundation’s access to the latest climate tech innovations, particularly those that would benefit from Autodesk’s design and engineering expertise, such as renewable energy; electrification of transportation; building and industrial energy efficiency; materials innovation; and carbon capture, utilization and storage.
Through sharing information about dealflow and investment opportunities, Elemental will support the Autodesk Foundation and Autodesk ecosystem of customers and industry experts to implement solutions in three areas: 1) Early-stage tech for climate change mitigation, 2) resilience in frontline communities most vulnerable to climate change, and 3) preparing the workforce to thrive in the age of automation.
“Working with Elemental is an opportunity to bring together climate innovators and industry around a central goal – the collective action needed to transition toward a decarbonized, resilient, and equitable economy,” said Ryan Macpherson, Portfolio & Investment Manager and Impact Investing Lead at Autodesk.
Elemental brings a deep network of entrepreneurs and a track record of helping scale innovative technologies and business models.
“Autodesk’s investments into climate tech is an example of how corporations can accelerate action on climate change, which is aligned with Elemental’s five-year strategy for transformative change,” said Aneri Pradhan, Senior Partnerships Manager at Elemental Excelerator.