Dapper built its own blockchain, Flow, to handle transactions speedily and its own crypto wallet to facilitate credit card payments, which had never been done before. This early success is the product of Dapper Labs CEO Roham Gharegozlou’s vision and patient approach in an otherwise frenetic sector. The company generated $100 million in revenue last year from NBA Top Shot, which introduced the idea of collecting scarce digital assets to millions of people. By the end of Watershed’s first year, it was helping customers manage emissions equivalent to more than four times the carbon footprint of San Francisco, the site of Watershed's headquarters.ĭapper Labs, which makes and markets nonfungible tokens, created NBA Top Shot-virtual trading cards featuring basketball video highlights-and helped turn 2021 into the year of the NFT. Watershed looks at the climate impact of a company’s entire “value chain,” as it’s known, and helps it determine an aggressive plan to get to net zero via a mix of reducing operations emissions and funding carbon removal.
Only about one-fifth of businesses measure so-called Scope 3 emissions, which take into account the production of a product and its use that makes up about 80% of a business’s true carbon footprint.
Most companies only measure their Scope 1 (direct greenhouse gas emissions from within the company's control) and Scope 2 (electricity and other energy purchases) emissions.
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The startup Watershed, which launched in February 2021, uses software to help companies like Airbnb, DoorDash, Shopify, Sweetgreen, and Warby Parker assess all their emissions, develop a reduction strategy, and connect to carbon-removal solutions.
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Only a fraction of companies calculate the full CO2 effects of what they produce.
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These stories, found on our list of the World’s 50 Most Innovative Companies, plus the hundreds of other ones honored across our sector lists, are brimming with insights into how organizations can make a meaningful impact-on their own organizations, their industries, and society at large. Other businesses are knitting new, closer relationships between fans and the things they love, whether that’s the global K-pop sensation BTS or Justin Bieber ( Hybe) athletes from the NBA, UFC, or La Liga ( Dapper Labs) or simply a burrito bowl ( Chipotle).
They’re adapting to our world of hybrid workplaces by building tools with the stresses of remote work in mind ( Microsoft), creating virtual whiteboards that turn every meeting into an opportunity for collaboration ( Miro), and developing design software that lets every employee be an effective visual communicator ( Canva). The companies we honor below are pressuring the carbon economy by creating a market for removing CO2 from the atmosphere ( Stripe), developing chemicals without the traditional reliance on fossil fuels ( Solugen, Twelve), electrifying lower-income housing ( BlocPower), and using data to help countries ( Climate Trace), companies ( Watershed), and individuals ( Doconomy) minimize their carbon footprints. Our definitive annual showcase of the best in business features inspiring stories across a wide range of industries, from advertising to wellness, and every corner of the globe. Innovating on behalf of customers never goes out of fashion.