250 financial institutions commit to climate action

April 20, 2022

Our partner the Partnership for Carbon Accounting Financials (PCAF) has welcomed its 250th signatory, representing a fourfold increase in its global participation.

The IKEA Foundation has been supporting PCAF to develop a global GHG-accounting standard for the financial industry since its global launch in September 2019. At that time, PCAF had 55 signatories, which collectively represented just under $4 trillion in total financial assets.

In just two and a half years, PCAF has increased its global participation to more than 250 financial institutions globally, far exceeding its initial target of 100. This milestone represents more than $70 trillion in total financial assets.

Paris Agreement

The PCAF Standard’s rapid adoption by financial institutions has made it the most widely used method for measuring and reporting financed emissions globally. These are greenhouse gas emissions that are financed by the loans and investments of banks and other financial institutions.

By providing financial institutions with a robust and transparent approach to measure financed emissions, PCAF is enabling the industry to account for and disclose these emissions. This is the first step towards making the flow of money consistent with the goals of the Paris Agreement to limit global temperature increase to 1.5⁰C.

Emission reduction steps

Nando van Kleeff, Programme Manager for Climate Action at the IKEA Foundation, says: “We can only achieve an orderly energy transition if there is sufficient investment in low-emission technologies. Banks and investors need to measure the carbon intensity of their investments and the PCAF Standard helps with this. We are excited to see the uptake by global financial institutions and the recognition of the PCAF Standard by the Task Force on Climate-Related Financial Disclosures and SEC, among others.”

Nando adds: “We’re partnering with PCAF because we believe that enabling financial institutions to measure their financed emissions will lead them to discuss GHG reduction steps with the companies they invest in and the clients they lend to, reducing the climate impact of their portfolios.”

PCAF has achieved its goal of growing to over 250 participating financial institutions. It has set its sights on continuing to build its global network and supporting signatories to achieve high-quality disclosures of financed emissions.

Partner

Partnership for Carbon Accounting Financials (PCAF)
https://carbonaccountingfinancials.com/about

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@ikea_foundation
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•
Follow
Did you know that methane emissions affect both the health of people and our planet? And here’s the fact we can’t forget: methane is 86x more potent than CO₂.But it’s also faster to remove from the atmosphere than CO₂ — meaning that reducing methane can deliver impact sooner. The good news? Solutions already exist, and with support from the IKEA Foundation, the #GlobalMethaneHub is helping scale effective ways to reduce emissions worldwide. 🔗 Spend a day with Henrique to learn more, link in bio. #IKEAfoundation #ClimateChange #ClimateAction
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@ikea_foundation
@ikea_foundation
•
Follow
In a world full of noise and misinformation, credible voices matter more than ever. That’s why nearly 800 @IKEA co-workers applied to join the 2025 IKEA Foundation Ambassador Programme — a journey that connects them with the people and partners the foundation supports as they tackle real-world challenges every day. Ambassadors listen, ask questions, and learn from those closest to the issues — building understanding they bring back to their teams and communities, where awareness grows and perspectives begin to shift. In 2025, the programme: 🌎 reached five hubs across four continents 🇰🇪 launched the first-ever Super Hub in Nairobi 🌟 welcomed 169 new ambassadors 🌱 grew a global learning community of 550+ people in 30+ countries These numbers reflect a growing curiosity — a desire to understand how change really happens and to hear directly from those working closest to the world’s toughest challenges. None of this learning happens without the insight and generosity of our partners. Their leadership continues to inspire and inform us. With our strategy now in motion, we’re doubling down on #ClimateAwareness at a moment when it matters most — and supporting partners creating solutions for people and planet. For 2026, that energy is even stronger: nearly 1,000 IKEA co-workers applied, and we’re excited to welcome 161 new ambassadors, with 38 more joining our Alumni Hub. We’re proud of what last year set in motion, and looking forward to what comes next. #IKEAfoundation #IKEAFoundationAmbassador
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@ikea_foundation
@ikea_foundation
•
Follow
This year reminded us that progress on climate action isn’t a straight line and that the way we move forward matters. 🌍 As climate extremes intensified and uncertainty grew, we saw the importance of working together — with trust, openness and shared purpose. For the IKEA Foundation, being on the way in 2025 has meant moving forward together: 🤝 With our partners, who are doing the work — working alongside communities, testing new approaches, learning what works and pushing for change where it’s needed most. Their leadership, commitment and courage are what turn ambition into action. 👥 With our team, learning, adapting and shaping a new strategic direction — focused on enabling impact, strengthening partnerships and keeping people at the heart of climate action. 🌱 With our ambassadors and changemakers, who share trusted knowledge, challenge misinformation and help people make sense of complexity with clarity and hope. As we look ahead — deepening partnerships and scaling impact — we carry our founder’s reminder with us: happiness, and real change, are found in the journey. #IKEAfoundation
2 months ago
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