Biorenewable, sustainable technologies underpin diverse products and services
that often deliver superior performance at lower costs, greatly reduce or
eliminate environmental impacts and, in doing so, improve and protect quality
of life and life-sustaining ecosystems. From bioderived industrial materials such as bioplastics to biopesticides and biofuels, these environmentally sound
or socially responsive solutions "ensure our collective future." They also happen to be fiercely competitive and often extremely profitable.
Why BioRenewables?
The advantages of renewable source materials:
(1) we can increase the supply to meet the demand with creating dependencies,
(2) they tend to be cleaner, safer, and more energy-efficient to produce (e.g., some bioplastics require 60-70% less energy, most renewable raw materials can be formulated into finished products in adherence to the 12 princples of Green Chemistry),
(3) the entire raw materials can be used with no toxic or waste byproduct,
(4) they're less subject to price shocks and geopolitical instability (you can grow them close to where they will be used), and
(5) there is often a reasonable, cost-effective, environmentally-responsble disposal option at the end of a product's useful life.
Successful sustainable enterprises focus on using existing market forces to introduce
new traditions in business: economically viable and environmentally
sustainable products and services, the sharply increasing market demand
for such products and services, and the business talent to carry it
off.
The emergence of new, breakthrough biorenewable technologies into the commercial
arena, many of which are described and profiled on this website, shifts the playing field and gradually "inspires" other organizations
to proactively address their environmental risk factors. This is what
a sustainable or "biorenewable economy" has in common with the current, global economy:
both must generate profit. The difference in a sustainable economy is
that the actions and decisions are based on values that include a more precise and authentic accounting of environmental and social impacts.
In other words, BioRerenewable technology ventures are strong businesses
in their own right that also happen to deliver environmental and/or
social benefits. "Profit, people, and the planet" can indeed fit together
synergistically and sustainably when we include them in our design intentions and success criteria.
By contrast, "green" or even "clean" technology can be implemented in ways that are ultimately unsustainable (for example, unprofitable because their design, deliver or business model is more expensive than the market will bear, or that cause unforeseen problems while, with good intentions, trying to "save the planet"). This is indeed the case with corn ethanol, which benefits the producers (and ADM) but is not sufficiently innovative to disrupt let alone help with the price of gasoline, but just as problematic, studies now show that there is no net CO2 reduction from convention technologies that use corn.
To us, "sustainable" is consistent with "good business" that provides dramatic, lasting benefits to all stakeholders and partners. Otherwise, why do it?
A practical definition of "sustainability" is securing people's
quality of life within the means of nature. (For a scientific view
of sustainability, visit The Natural Step's website, www.naturalstep.org or watch one of their videos.)
How is Sustainability now basic Common Sense?
Often we recognize an opportunity from correcting the mistaken assumptions
of others. Take the example of manufacturing ozone-depleting gases (halons
and chloro-fluoro-carbons, or CFCs), commonly used in air conditioning
and refrigeration systems during the 70s and 80s. Conversion to a more
sustainable alternative was expensive and difficult for those invested
in manufacturing or using these chemicals. Or, similarly, the early
solar water heaters and bulky solar panels from the same era: they have
not yet been profitable to investors or affordable to consumers without
government assistance.
Although there were and still are real benefits to consumers who invest
in alternative sources of energy (e.g., decentralization means availability
in remote areas, the peace of mind that comes from using a "clean &
green" alternative ...), as an investment, the economics did not work.
That reality is changing. Just as the tobacco industry has fallen down,
oil stocks will continue to fluctuate and flatten as renewable energy
sources gain strength (view Renewable
Energy overview).
At a minimum, smart investors will ensure that the ventures they back do not have
such "non-sustainable" drawbacks in the long run - and in some cases,
investors can instead play an active role in using our systems of commerce
to restore and replenish our natural environment while making a healthy
profit. Socially responsive and environmentally-sound solutions are
arriving in the commercial market, their number and viability increasing
all the time. Today's new biorenewable technologies must be sustainable
(socially responsive and restorative -- or at least environmentally
benign) and successful investors look at these new technologies with
renewed hope for a future that puts our current environmental risk factors
happily behind us. Better yet, set our sites on a restorative economy, not just one that we can keep afloat.