How do you know that a business has a sustainable business model?
Well let’s look at an example – #Futurepump
There are 500 million one-acre farmers around the world and those mainly in tropical areas have a challenge in growing crops
Access to irrigation is a major limiting factor to farm productivity
Rainfall has become very unpredictable. Irrigating crops provides more reliable harvests and an opportunity to grow and sell produce out of season
In Africa only about 5% of cultivated land is irrigated compared to 41% in Asia
Solar water pumps offer a cheaper, cleaner and more sustainable alternative to fossil fuel pumps. They provide economic benefits to farmers and the wider community
Demand is growing at about 12% per annum meaning that by 2030 2.8 million farmers will have solar pumps
Markets can be accessed more easily because of the massive uptake in smart phone usage and #Futurepump has engaged a large number of local distributers worldwide
This business model is sustainable because it contributes to many of the UN’s Sustainability Development Goals
SDG 2 zero hunger
SDG 3 good health and wellbeing
SDG 7 affordable and clean energy
SDG 8 decent work and economic growth
These new businesses are making a positive impact on the World’s sustainability now!
Do you want to make an impact too and run a sustainable business?
This video was originally post by Ted Ed. Click to view original.