250 financial institutions commit to climate action

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

Social

Stay up-to-date and follow us for news and info about exciting grants

  • HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
  • HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
  • HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
  • 2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘ In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution. Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡ https://ikeafoundation.org/stories/annual-review-2023/ #AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
4 days ago
View on Instagram |
1/4
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ 2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”— #AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
1 week ago
View on Instagram |
2/4
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty. Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”— Stay tuned for the next partner review! โญ #AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
2 weeks ago
View on Instagram |
3/4
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™ Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”— #PeopleAndPlanet #IKEAFoundationHighlights2023
2 weeks ago
View on Instagram |
4/4