Geospatial technologies are becoming increasingly essential in our world for a large range of tasks, such as earth monitoring and natural disaster response. To help improve the applicability and performance of deep learning models on these geospatial tasks, various works have pursued the idea of a geospatial foundation model, i.e., training networks from scratch on a large corpus of remote sensing imagery. However, this approach often requires a significant amount of data and training time to achieve suitable performance, especially when employing large state-of-the-art transformer models.In light of these challenges, we investigate a sustainable approach to building geospatial foundation models. In our investigations, we discover two important factors in the process. First, we find that the selection of pretraining data matters, even within the geospatial domain. We therefore gather a concise yet effective dataset for pretraining. Second, we find that available pretrained models on diverse datasets like ImageNet-22k should not be ignored when building geospatial foundation models, as their representations are still surprisingly effective. Rather, by leveraging their representations, we can build strong models for geospatial applications in a sustainable manner. To this end, we formulate a multi-objective continual pretraining approach for training sustainable geospatial foundation models. We experiment on a wide variety of downstream datasets and tasks, achieving strong performance across the board in comparison to ImageNet baselines and state-ofthe-art geospatial pretrained models.