GoClimate’s thoughts on financing climate projects

For us at GoClimate, it is incredibly important that we maximize the climate benefit of the funds for climate projects contributed by our members and corporate customers.

We have therefore started writing a series of articles diving into how to do as much climate impact as possible with money.

First, a short disclaimer: We are aware that climate financing is part of a larger whole, which includes behavioral changes and systemic changes. Our work spans three main areas: driving systemic change, enabling behavioral change reducing emissions and support for financing climate projects. This article series will focus on financing climate projects.

In this series of articles, we will look at different types of initiatives to support if you want to make a climate impact with your money:

  • Projects that influence society: There are many initiatives working for greater change in society. We try to support projects where our contributions are ‘additional’, meaning they contribute to climate benefits that would not otherwise occur. This area is complex and requires careful evaluation of the climate projects’ effectiveness. Despite the challenges especially in quantifying future impact that additional financing could bring, we strongly believe in supporting these types of organizations and initiatives to achieve changes at the societal level.
  • Projects that reduce emissions: This is the main type of project we support and what members or corporate customers contribute to when they buy tons of CO2e or carbon credits as they are also called. It includes support for projects that contribute to reduced carbon dioxide emissions, such as through energy-efficient stoves or projects in renewable energy. We see these projects as critical because they contribute to reducing emissions – which is the most important thing for us as a society to do right now. However, we are aware that these projects are not perfect and that their climate benefit can sometimes be difficult to quantify, especially in terms of calculating different future scenarios when the projects are started.
  • Projects that remove greenhouse gases from the atmosphere: These projects include both nature-based and technical solutions. Nature-based solutions such as tree planting and conservation of forests are important, but also complex in terms of issues about their permanence, land use, and what would have happened without climate financing. Regarding technical solutions such as carbon capture, these are promising but still in an very early stage and small scale and often very expensive – which means that you don’t achieve much impact per dollar spent. We actively follow developments in this area, however, and are open to including them in the future.

At GoClimate, we use strict criteria for selecting climate projects, which include certification, additionality, verifiability, traceability, permanence, and contribution to sustainable development. Our main focus has so far been on projects certified by Gold Standard, which we consider to have the highest requirements for climate projects right now.

We are always ready to adapt and reconsider our strategies to ensure that our efforts provide the greatest possible climate benefit.

We will go through the different types of projects and the ins and outs of them in the next articles in this series. Stay tuned!

“It feels rewarding to be able to make our small contribution to making the planet a little better.”

Michaela Bruneheim, CEO of Evident Life.

Evident Life is a young and completely digital life insurance company with a business idea that focuses on digital innovation, data-driven operations, and preventive health measures. From the beginning, sustainability has been a cornerstone in their development, something they have actively integrated into every phase of their growth.

CEO Michaela Bruneheim shares that their goal was to “do it right from the start” by minimizing their carbon footprint and maintaining environmentally and socially sustainable business practices.

Evident Life is committed to several of the UN’s global sustainability goals, especially goals 3, 5, 8, and 12. This includes measures such as encouraging employees to use bicycles, walking and public transport, and in their digital business model, they continuously strive for energy-efficient technology. Their digital focus also leads to significantly less paper consumption, which they see as a distinct advantage compared to competitors.

Gender equality is also a core aspect of their operations, with an aim for balance in gender distribution both operationally and at the board level. Flexibility in working hours and location is part of their corporate culture, which they see as crucial to maintaining a healthy balance in life for their employees, which in turn contributes to the company’s long-term success and sustainability.

Evident Life conducts an annual climate analysis with GoClimate, where they evaluate and take responsibility for their emissions by financing climate projects, chosen through a democratic process among the employees. This method of climate financing is not only effective but also engaging, as it allows employees to participate in the choice of projects and see the direct effects of their contributions, which Bruneheim describes as a meaningful way to contribute to a better planet.

“It feels rewarding to be able to make our small contribution to making the planet a little better”, says Michaela Bruneheim.

“It is important to remember that our travel choices have direct consequences on our planet.”

Evelina Utterdahl.

Evelina Utterdahl is a Swedish climate activist and advocate for sustainable travel. She has abandoned flying and instead focuses on exploring the world through more environmentally friendly means of transportation, inspiring others to make more sustainable choices.

“Flying is not an option for me, instead I focus on exploring the beauty in my immediate surroundings and Sweden as a whole. There is so much beauty in our country that I have not yet experienced. When I do feel like discovering places outside of Sweden, I dream of train adventures or road trips (with electric vehicles) through Europe with my family. I also see small adventures, like visiting a new restaurant in my city, as a form of travel.”

Her transition to a sustainable way of traveling began with an eye-opening insight:

“In 2018, I came across an article that pointed out the large amount of carbon dioxide emissions from air travel. When I realized how enormous the impact of a single flight can be, I decided to stop flying entirely. I could not justify the pleasure of flying with the serious consequences it has on our planet and its inhabitants.”

Evelina’s tip: Try to be flight-free for a couple of years

Evelina wants to highlight how our choices in travel affect our environment:

“It is important to remember that our travel choices have direct consequences on our planet. Many people in the world have never even flown, and it is actually just a small percentage that flies regularly. Europeans have the luxury of being able to explore so many fantastic places through sustainable travel methods, like trains or carpooling.”

For those who are ready to take the step towards more sustainable travel, Evelina recommends starting by aiming to be flight-free for a couple of years.

“Give yourself the chance to discover the wonderful sustainable alternatives that exist. Once you try these alternatives, the thought of flight-free travel will feel less overwhelming. For example, if you are unsure of how to travel by train, there are Facebook groups and travel specialists who can guide you.”

Follow Evelina on Instagram to experience her love for both our planet and the people who live there!

Gifts with a low carbon footprint

Hållbara och klimatsmartajulklappstips

Can you celebrate the holidays and work to fight climate change at the same time? Absolutely! Below we have listed our best tips for gifts with low carbon emissions. Reducing the number of gifts, giving a climate-friendly experience, or mutually agreeing that all gifts are to be bought secondhand this year is a great way to reduce the climate footprint of giving gifts to loved ones.

1. A GoClimate gift card
Give your loved ones the gift of a healthier planet! Try out our climate gift card and contribute with climate finance to speed up the transition to a more sustainable society.

2. Time together
Probably the most valuable thing we have today; time! Invite over for dinner or plan an adventure. Probably the thing they want the most – the opportunity to spend more time with you.

3. The card playing game Climate Call
Does a transatlantic flight have a bigger climate impact than eating steak every day for a year? Players of Climate Call get to learn how the climate is affected by our everyday actions. The game is guaranteed to spark a lively discussion!

3. A book
Reading is a wonderful and easy way to enter new worlds, experience and learn great things or just take your mind of the everyday life for a while. Maybe you have a pocket version of your favourite book at home, and you’re ready to pass on this story to someone else? Also, second hand stores are full of great books!

4. Inspiration to cook more vegetarian or vegan food 
A perfect gift for someone who wants to cut down on their meat consumption, is a subscription to a vegan or vegetarian food magazine, a vegetarian cooking class or subscription to a vegetarian or plant-based food box! 

5. Buy something pre-owned or choose something from home that you no longer use
Make an agreement with friends and family that this year’s gift exchange will consist of second hand presents only. The climate footprint of a pre-owned gift is basically zero.

6. A charity donation
Support others in their fight on climate change, for example Amazon Frontlines, Amazon Watch, Our Kids Climate or Fridays for Future

7. Homemade baked goods – bring out your inner master chef!

TIPS FOR THE BEST HOLIDAY GIFT GAME EVER!

If you love the idea of mountains of nicely wrapped presents, introduce a new tradition that can give you lots of gifts – or none at all..! Try out this holiday gift game where everyone contributes with 1-2 gifts (all pre-owned, of course). Follow the instructions below.

  1. Gather arouand and put all the gifts in the centre.
  2. Bring out a dice.
  3. Each participant rolls the dice. When getting a 1 or a 6, that player can choose a present from the pile. Continue until there are no gifts left.
  4. Open the gifts you won (if you did win any).
  5. Now the fun begins. Set the time for 5-10 min depending on how long you want to keep going. Then put away the timer so no one sees how much time is left.
  6. Start rolling the dice again. Now you get to take someone else’s present every time you hit a one or six. When the timer rings, the game is over and you can keep all (or no) gifts that you have managed to collect.

Focus on the things that matter most in life

Johan Ernfors and Elisabeth Byström. Photo: Christine Olsson

Elisabeth Byström and Johan Ernfors run the Instagram account Minimalisterna where they share their everyday life and strive towards a simpler and more harmonious life with minimalism.

“The biggest change we’ve made is not buying things immediately when the desire or interest arises”

Elisabeth and Johan live in a residential area outside of Stockholm with their two children and from the outside, they appear like any other family.

However, they actively strive to live with fewer unnecessary items, meaning they only own items they truly need and use. They also seek to eliminate the less important things when it comes to expenses, commitments, and interests in life.

“The biggest change we’ve made is not buying things immediately when the desire or interest arises. And to have patience and first research the second-hand market properly. Still, when there is a need we do want to purchase quality and tech gadgets that meet our needs.”

“We still have the computer we bought together in 2012”

“We replace tech gadgets when we feel that the ones we have today no longer meet our needs. Clear examples are mobile phones where substantial development has occurred over the past ten years, which means we’ve switched phones a couple of times, for instance, to get a better camera since we take a lot of photos. Whereas when it comes to computers, we still have one that we bought together in 2012, which still works and meets our needs to this day. The children each have a tablet that we bought second-hand as we didn’t feel they needed brand new ones to meet their needs.”

Elisabeth and Johan’s tips for sustainable consumption

Elisabeth and Johan’s tips for a more sustainable approach to tech are primarily to start looking in the second-hand market,

“If you don’t own the gadget today, or if you have a working one right now, you most likely don’t need to buy it so you have it tomorrow or upgrade immediately. Have some patience.

And don’t forget the importance of selling tech gadgets you don’t use as soon as possible, as technology can easily become outdated and thereby quickly depreciates in value.”

Regarding consumption in general, the couple suggests asking yourself some control questions before making a purchase.

“For instance; How will my life improve with this item? What value does this item bring to me? How often will I really use it? And is this something I truly need, or is it more something I want but don’t need?

Having a basic rule to never make impulsive purchases is key. If you find something interesting, always sleep on it or set a timeframe to wait a week or month and then see if the need still feels as strong. It’s surprisingly common that a little distance and time results in what felt like an intense need cooling down.”

Check out their instagram account for more inspiration!

Inrego want to highlight circular IT as a competitive advantage

Sebastian Holmström, works as Sustainability Manager at Inrego.

Inrego wants to change buying behavior and promote circular IT as a competitive advantage.

Laptops, computers, mobile phones, and other IT products can be reused just like cars, boats, or bicycles.

“After 28 years in the industry, we know that a reconditioned product lasts just as long as a new one, so we offer the same warranty as for new products.” says Sebastian Holmström, Sustainability Manager at Inrego.

 “It is important for us to show that there is a difference between reused products that have not been worked properly on and reconditioned products that have been upgraded and are sold with a warranty.”

Sustainability plays a crucial role in being an attractive employer

Sebastian has experienced that the market for reused electronics is thriving since a few years back, for several reasons – not least because of how sustainable business practices strengthen the brand.

“We see that circular IT has become a competitive advantage, where sustainable IT management is crucial to attract young talent to the company. Sustainability plays a crucial role in being an attractive employer, and the demand for reused products has increased significantly for this reason.”

Read more about Inrego here.

Check out Inregos webshop here.

Read our checklist for handling IT equipment sustainably as a company, here.

IT-equipment checklist for companies

Hands writing on computer.

Ensure maximum performance and durability of your equipment

  • Provide maintenance for existing equipment
  • If something is broken, the possibility of repairing or replacing a component should always be considered.
  • See if it makes financial sense to do so. Sometimes repairing is more expensive than new equipment, In this case, the decision to repair could still be valid if the life expectancy is still significant.

Purchases should be based on actual (not perceived) needs

  • Have a good inventory.
  • Reassign equipment among colleagues.
  • Avoid buying new equipment if not needed.


Replacement policy

  • Do not have an automatic 2-3 year replacement, make it optional for employees to replace at that time if they see the need.
  • Consider the manufactures guidance for when equipment should be replaced but bear in mind that well-taken care of equipment can last longer.


Consider buying refurbished electronics

  • Companies such as Inrego or Swappie sell refurbished equipment that had a previous owner and now has been repaired for others to use it.
  • If they have equipment that serves your needs consider buying from them instead of brand new equipment


When buying new equipment

  • Look for environmentally certified products such as the Green Electronics Council EPEAT Registry or TCO Certified.
  • Buy from brands that account for their carbon footprint and energy efficiency
  • Look for energy efficiency ecolabels such as Energy star or the one created by the EU where A means most efficient. Applies to monitors, computers, and servers.

The afterlife of your equipment

Henan Funiushan Solar Cooker Project

Despite the rapid modernisation in China’s cities, a visit to the country’s rural areas would tell a very different story. Many families still rely on coal stoves to boil water for purification, to cook their daily meals and to heat their homes.

This project has enabled rural households to efficiently substitute fossil fuel (coal) used in daily cooking and water boiling with solar energy, avoiding CO2 emission that would be generated by the burning of fossil fuels. A total of 49,000 solar cookstoves will be distributed to families in 8 rural villages across Henan province – cutting emissions, improving air quality and saving families valuable time and money.

The following SDG’s are supported:

Our team member Tove Westling gave up a career in fashion to fight climate change

Our team member Tove worked in fashion for many years, previously running a fashion PR agency in London before joining GoClimate. From living and breathing fashion and consumption, to start working to fight climate change – how did that happen?

“I really loved working in fashion and am proud to have been involved in building several fantastic brands internationally. My agency focused on sustainability since the start in 2008 – but back then I basically thought sustainability was more or less equal to using organic cotton in the production, or doing a sustainable capsule collection now and then.”

“Over time, I learned more, and was increasingly horrified by how dirty the fashion industry is. As I started to transition to a personal life that did less harm on the planet, there was something about my professional life that didn’t sit right with me. While I was spending lots of time and effort in my personal life adopting healthier consumer habits, my job was to drive consumption by getting people to buy as much of our clients’ products as possible. It just didn’t fit with the way the world looks today, the future I hope for our children, or my personal values. I felt a need to start spending my time solving the problem instead of contributing to it.”

Want to buy something? – Sleep on it!

“I still love fashion and occasionally find it hard not to be able to enjoy certain trends in the same way as before. I always try to find specific garments or accessories that I’m after second-hand, but I’m honestly not great at thrifting. So I still buy newly produced garments – but in a completely different way than before. Back then, I could buy something to wear once or twice, or on impulse. These days I only buy things I need or to replace something that is broken beyond repair, and always after considering it carefully. Sleeping on it often removes a large part of the feeling that I ‘must’ have something – the brain catches up and I often realize that it is not only unnecessary but also very rarely worth using up the planet’s resources.” 

“I also create a list of things I need at the start of every season or year – it makes it easier not to be tempted to buy something just because I want to, because I have my list of things that I need. Instead, I can spend time finding the item that I really love and that will last, rather than buying what trends and the world around me says I “should” have. Because I buy fewer things, I can spend my money on brands that are doing a good job with their sustainability – and stay away from fast fashion.”

“My advice for those who want to enjoy fashion more sustainably, apart from the obvious – buy less, and buy second-hand, is to take the time to find and get to know brands that have a good sustainability policy, both in terms of people and climate. Once you have done your research and have a couple of brands in mind where you both like the design and know that their production is fair to both planet and people, you know where to go when you need to replace an item.” 

“And it’s important to understand the problems with fast fashion. Once you understand how poorly both the planet and people are treated in the process of producing that piece of clothing you want so badly, the shine quickly fades.”

Tove’s list for conscious consumption

  • Sleep on it. It often creates a distance to that “I have to get this”-feeling. 
  • Make a list for each season. Write down what you really need and stick to it, it makes it easier not to be tempted to buy something just because you want to.
  • Spend time on research. Find a piece that you really want and will last a long time.
  • Spend money on high quality brands. Check their sustainability policy before making a purchase and stay away from fast fashion.
  • Mend and alter items that have broken or are no longer the right size. A good tailor can often bring new life to clothes!

Journalist Anna Blom shares her thoughts on sustainable fashion

We talked about sustainable fashion with Anna Blom, a journalist and speaker with a passion for fashion and sustainability.

Anna’s interest in sustainable fashion started many years ago, with a major turning point during a press trip she took to Shanghai in 2016 to write about a sustainability award.

“That the fashion industry is such a major climate culprit had been unknown to me, as a fashion journalist, until then – and the trip was an eye-opener to say the least. I was both enlightened and devastated. How could all these wonderful things cause SO much harm?”

“We can help save the world through our clothes”

“Our consumption of clothes and textiles causes 4% of the total greenhouse gas emissions in Sweden, and clothes and shoes cause about 2-8% globally. So somewhere around 2-8% of our emissions come from textiles – and partly from our wardrobes. One can feel helpless, even apathetic, in the planetary emergency we find ourselves in. What does it matter what I do?”

“BUT I believe that it does matter! We CAN all help to save the world through how we look after our clothes! It may sound silly, but that spirit is important to me. I believe that you and I can make a difference. We make choices every day and how we ‘vote with our wallets’ – what we spend our money on – has a global impact.”

“I admit, that sometimes I lose interest and feel ridiculous dragging another bag of odd socks to the textile collection. What does it matter what I do? How do I know that my old socks won’t end up in a landfill in Ghana?”

“Navigating the jungle of different sustainability messages is difficult. And it’s difficult, if not impossible, to decipher the sustainability promises brands make to us. But I have learned to stop listening to that inner critical voice. Doing something is better than doing nothing.”

Believes in sustainable development

On her own approach to fashion and consumption, Anna is making it clear that she is far from perfect herself.

“I buy new clothes. I fly. I believe that economic growth and environmental issues can be combined in sustainable development. But it’s HOW we do it… Today I buy fewer garments and have a dream of a small but useful capsule wardrobe where everything can be combined. I’m not there yet, but I’m on my way. I also shop much more secondhand nowadays.”

“To understand how and where I can make the biggest difference and whether it matters if I buy those ballerina shoes this fall or not, is key. On the whole, of course, it does not matter, but to link back to what I said earlier, I think it is more about adopting a mindset. It all adds up.”

Anna’s best tips to enjoy fashion more sustainably

“Use the clothes you already have in your closet. If you need to buy something new, think about how many times you will use it. When shopping, choose second-hand over new purchases. To save climate impact when shopping second-hand, you need to replace a planned new purchase. Compare this to, for example, when you ‘save’ money by buying on sale. You don’t, of course, because you spend money if you buy a jacket on sale.”

“But if you replace buying a jacket at full price, then you actually save money if you find it at half price. This is important to say as second-hand has somehow come to be seen as a write off, seen as you’re doing something good without thinking the whole process through. We must replace a planned new purchase in order for it to have a positive climate impact.”

What do you wish everyone knew about sustainable fashion?

“That the biggest negative climate impact of a garment is in its production (80%). If you use a garment for twice as long, you reduce its negative climate impact by about half.”

“My feed gives you tips on how to be more stylish without being a professor of sustainability. My driving force on Instagram is to make difficult facts simple and usable. If I can inspire someone along the way, that’s a bonus.”

If you are curious about Anna and the work she does in sustainable fashion, you can find her at @msannablom or www.annablom.se/en.