Philea publishes “Feeling the Heat: How Foundations Can Use their Investments to Curb Climate Change”, sharing practical examples of investing for climate
Philea has published “Feeling the Heat: How Foundations Can Use their Investments to Curb Climate Change“, a new report that illustrates the different means by which foundations can climate-align their investments using the examples of 3 European foundations.
Climate change is already impacting the people, places and causes that foundations care about. Still, for a variety of reasons, philanthropy practitioners often struggle to translate their awareness and concern into action at the scale and pace that are required. Investing their endowment and assets in a way that takes climate change into consideration and seeks alignment with a rapid and just transition to a net-zero economy is a lever many foundations have at their disposal. Across the #PhilanthropyForClimate commitments, we are seeing slower progress on this pillar of climate action, and yet, with foundations holding an estimated €647 billion in assets, we see significant potential for impact.
By surfacing the examples of three European foundations; Barrow Cadbury Trust; Fundación Antonio Aranzábal and Nordea-Fonden, we hope to provide a valuable resource for foundations in their journeys to climate-align their investments. The case studies are too diverse and too small in number to be able to draw general conclusions for the European foundation sector. Nonetheless, common themes emerged during the research process regarding the foundations’ approaches that might be applicable to foundations from different national regulatory contexts seeking to start or further climate-align their investments.
Download “Feeling the Heat: How Foundations Can Use their Investments to Curb Climate Change“
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