Sustainable Development Technology Canada this week announced Canada’s Sustainability Changemakers for 2023.
The list of ten companies showcases outstanding growth in the sustainability sector, with each Canadian firm demonstrating a track record of delivering on STDC’s mandate of environmental and economic benefits for Canada.
“Being one of Canada’s Sustainability Changemakers comes from leadership, excellence, and commitment to sustainability in Canada and worldwide,” stated Leah Lawrence, chief executive of SDTC.
Determining the list included a “rigorous evaluation process” featuring criteria such as minimal annual revenues of $10 million and a compound annual growth rate of at least 20% over three years. To qualify one must also be Canada-based and operated, providing environmental benefits with a global footprint.
“Congratulations, and thank you to all of 2023’s changemakers,” said Lawrence. “The transformative environmental and economic impact created by these companies is already seen today and will bring us closer to a clean and prosperous future.”
Two BC firms—one returning, and one new—made the 2023 list.
Returning is Richmond-born changemaker Saltworks, which provides cutting-edge industrial wastewater treatment and lithium refining solutions.
Saltworks technology allow users to recycle wastewater, remove contaminants, reduce energy consumption, and recover valuable resources.
With manufacturing operations anchored in a 200,000-square-foot facility in Richmond, Saltworks has seen significant revenue growth, expanding and diversifying into a broad range of global markets such as semiconductors, automotive, mining, and manufacturing.
New to the list this year is Minesense, a Vancouver-based pioneer in industrial IoT, providing real-time, sensor-based ore data and sorting solutions for large-scale mines.
Fast and scalable mineral sensing technology creates transformational value by delivering precise, real-time grade control and ore routing decisions at the point of extraction for maximum resource conversion and metal recovery, reducing the CO2 emissions and the consumption of wear materials, energy, water and reagents during the mining process.
Last year, MineSense closed a US$42 million financing round led by J.P. Morgan Asset Management’s Sustainable Growth Equity team.
The Series E financing round included participation from new investor Evok Innovations, a climate technology and sustainability venture fund, and existing investors including Prelude Ventures, BDC Industrial Innovation Venture Fund, Cycle Capital and Chrysalix Venture Capital.
MineSense has been as one of the fastest growing companies in North America by Deloitte for revenue growth of 3,154% between 2018 and 2021.
The company currently serves mines across Canada, Chile, Peru, and beyond.
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