{"id":23352,"date":"2020-12-11T04:00:18","date_gmt":"2020-12-11T12:00:18","guid":{"rendered":"https:\/\/www.climateworks.org\/?post_type=press_release&p=23352"},"modified":"2020-12-14T08:44:32","modified_gmt":"2020-12-14T16:44:32","slug":"philanthropies-commit-to-sustained-collective-action-in-response-to-the-climate-emergency","status":"publish","type":"press_release","link":"https:\/\/www.climateworks.org\/press-release\/philanthropies-commit-to-sustained-collective-action-in-response-to-the-climate-emergency\/","title":{"rendered":"Philanthropies commit to sustained collective action in response to the climate emergency"},"content":{"rendered":"

In September 2018, 29 funders made a combined pledge to grant $4 billion<\/a> to tackle the climate crisis at the Global Climate Action Summit (GCAS). The original group is on track to exceed the commitment, thanks to significant increases from several funders, as well as additional philanthropic donors committing new resources. It is now on a trajectory to invest at least $6 billion dollars by 2025, and likely more as all philanthropists are actively invited to allocate a portion of their portfolio to this important cause. This announcement is made in time for the Climate Ambition Summit on 12 December 2020, viewable here<\/a>.<\/p>\n

There is a growing global awareness amongst philanthropists of the need to drastically accelerate proven climate and clean-energy strategies, spur innovation, and support organisations around the world working to protect all life on our planet. Progress will be tracked in the lead up to the UN Climate Conference being held in Glasgow next year.<\/p>\n

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A new philanthropic commitment, set out by Kate Hampton, CEO of CIFF<\/p><\/div>\n

The generosity of new philanthropists and the existing climate philanthropy community should be celebrated. However, it is still not enough to meet the challenges we face globally, and at present only 2% of global philanthropic funding is committed to solving the climate crisis, with too little emphasis, in particular, on social justice, covid-19 green recovery, and creating a more equitable society.<\/p>\n

Philanthropy and charitable giving at all scales provides the most flexible capital and support for civil society. It funds vital work that cannot be undertaken by governments and the private sector, or that can catalyse climate solutions. We therefore actively encourage more philanthropies, individual donors, and institutions to increase their focus on addressing the climate crisis and join us to help ensure that we can meet the requirements of the historic Paris Agreement. More funding, greater ambition and positive action are absolutely essential to drive progress towards a net-zero world with no more than 1.5 degrees of warming.<\/p>\n

Kate Hampton, CEO of CIFF<\/strong>: \u201cThe climate emergency is undermining children\u2019s rights to health and wellbeing. The philanthropic sector should scale climate grant making to support recovery from the Covid-19 pandemic. We have an unprecedented opportunity in 2021 for governments and civil society to collaborate and problem-solve as we accelerate progress along the net-zero pathway.\u201d<\/p>\n

Christiana Figueres, Former Executive Secretary of the UNFCCC<\/strong>: \u201cPhilanthropy alone cannot address climate change, and it must play a significant catalysing role in the overall climate finance response. That is why philanthropy punches way above its weight in the portfolio of financial instruments for climate mitigation and adaptation.\u201d<\/p>\n

Larry Kramer, President of the William and Flora Hewlett Foundation<\/strong>: \u201cFrom record heat waves and hurricanes to floods, droughts and more, the effects of climate change are already here. But so, too, are pathways to prevent them\u2014pathways that require support from the philanthropic community. Today\u2019s announcement is thus more than a new commitment. It\u2019s also a call to action for others\u2014foundations, individual donors, and philanthropic institutions\u2014to deepen their engagement and work with us to address the major challenge of our time and protect people and our planet from a climate catastrophe.\u201d<\/p>\n

Per Heggenes, CEO of the IKEA Foundation<\/strong>: “Climate change threatens every aspect of our lives, especially for vulnerable families. At the IKEA Foundation, climate action is at the core of everything we do to create sustainable livelihoods.”<\/p>\n

Gerun Riley, President of The Eli and Edythe Broad Foundation<\/strong>: \u201cWhile we are proud of the role philanthropy plays in improving lives, much of that work will be meaningless if we don\u2019t solve the climate crisis. At The Broad Foundation we are committed to addressing the threat of climate change by supporting efforts to promote economic opportunity for historically marginalized communities in Los Angeles.\u201d<\/p>\n

Funders contributing to this effort either via the 2018 GCAS pledge<\/a> or additional commitments include:<\/p>\n

AKO Foundation
\nBarr Foundation
\nBloomberg Philanthropies
\nThe Eli and Edythe Broad Foundation
\nBulb Foundation
\nBullitt Foundation
\nSir Christopher Hohn and The Children\u2019s Investment Fund Foundation (CIFF)
\nThe Educational Foundation of America
\nGeneration Foundation
\nPirojsha Godrej Foundation
\nGood Energies Foundation
\nThe Grantham Foundation for the Protection of the Environment
\nThe Grove Foundation
\nGrowald Family Fund
\nThe George Gund Foundation
\nHeising-Simons Foundation
\nWilliam and Flora Hewlett Foundation
\nHigh Tide Foundation
\nIKEA Foundation
\nIvey Foundation
\nJoyce Foundation
\nJPB Foundation
\nKR Foundation
\nKresge Foundation
\nJohn D. and Catherine T. MacArthur Foundation
\nMcKinney Family Foundation
\nMcKnight Foundation
\nOak Foundation
\nThe David and Lucile Packard Foundation
\nPisces Foundation
\nQuadrature Climate Foundation
\nRobertson Foundation
\nRockefeller Brothers Fund (RBF)
\nSea Change Foundation
\nSkoll Foundation
\nTurner Foundation
\nYellow Chair Foundation<\/p>\n","protected":false},"excerpt":{"rendered":"

In September 2018, 29 funders made a combined pledge to grant $4 billion to tackle the climate crisis at the Global Climate Action Summit (GCAS). The original group is on track to exceed the commitment, thanks to significant increases from several funders, as well as additional philanthropic donors committing new resources. It is now on […]<\/p>\n","protected":false},"featured_media":0,"template":"","portfolio":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n