Philea and WINGS publish “International Philanthropy Commitment on Climate Change: Progress Report 1”
Philea and WINGS have published “International Philanthropy Commitment on Climate Change: Progress Report 1”, the first progress report for the International Philanthropy Commitment on Climate Change that articulates the progress made by foundations as they seek to integrate climate across their work, from governance to grantmaking.
Using the input of signatories from around the world, the report showcases the practical ways foundations are implementing the commitment’s pillars, reflects on shared challenges and points to the power of collective action in advancing climate philanthropy. It shares examples of good practice, sheds light on challenges, and identifies opportunities for continued individual and collective progress.
This report is more than a progress tracker, it is a tool to inspire, mobilise and connect. It celebrates the milestones reached by signatories, offers inspiration through real examples, and provides a valuable benchmark for internal reflection, strategic planning and collaboration. It serves as a platform to engage new actors and amplify the global voice for climate action in philanthropy.
Key findings from the report include:
- 95% of responding signatories reported progress on overall climate commitments since signing.
- Signatories are scaling up their climate funding, with two thirds (63%) of responding signatories increasing programmatic or grant spending or impact, and 20% dedicating funds to climate action for the first time.
- Nearly nine out of ten responding signatories (89%), are supporting climate advocacy in their area of work and/or region.
- Respondents are on a learning journey regarding endowments and assets, with fewer responses under this pillar suggesting respondents’ lower confidence in this area. Two-thirds (66%) ranked it as one of their top two challenges, and nearly 60% have taken little or no action.
For foundations not yet on the climate journey, it shows that every organisation regardless of size or mission has the potential to act. For signatories, it is a moment to reflect on the progress made so far and address future challenges and opportunities.
The report is a product of the European Philanthropy Coalition for Climate, a Philea initiative, and WINGS, a global network of philanthropy support and development organisations, who host the International Philanthropy Commitment on Climate Change.
Read here: “International Philanthropy Commitment on Climate Change: Progress Report 1”
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