Helping financial institutions make climate-positive decisions

October 28, 2020

Climate change threatens every aspect of our society, including the financial sector. That is why financial institutions need to devote more attention to understanding not only the impact of climate change but also the role they play in either accelerating or mitigating it.

However, these institutions lack a global standard for measuring the emissions that their loans and investments finance. This is a barrier to managing the climate impact of lending and investment activities.


The Partnership for Carbon Accounting Financials provides financial institutions with a robust and transparent approach to measure the emissions they finance. By understanding their financed emissions, financial institutions can make better decisions to reduce the climate impact associated with their loans and investments, as well as to manage climate related transition risks and identify business opportunities that can support the alignment of financial flows with the goals of the Paris Climate Agreement.


The IKEA Foundation is partnering with the Partnership for Carbon Accounting Financials because we believe that enabling financial institutions to measure their financed emissions will lead them to discuss carbon reduction with the companies they invest in and the clients they lend to, reducing the climate impact of their portfolios. This partnership will lead to the increase of the number of banks and investors that use it to over 100 institutions.

Partner

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

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  • đź“Ł CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio đź”—
  • New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet đź’š We believe we can and we will achieve the climate action that is desperately needed. Do you? đź“Ł We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
  • It was great to see leaders gather at We Mean Business Coalition at #ClimateWeekNYC 🌍 Our CEO Per Heggenes joined the We Mean Business Coalition CEO MarĂ­a Mendiluce and other leaders from business and philanthropy.
  • At a crucial time for the global economy and the planet, IKEA Foundation is proud to support the @worldeconomicforum’s Humanitarian and Resilience Investing (HRI) Initiative in its Call to Action. This is focused on establishing New Partnerships to Mobilize $10 Billion to Support Most Vulnerable Communities 🙌 Follow the link in our bio to learn more đź”— #SDIM23 #HRI
📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
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📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
2 days ago
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New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
@ikea_foundation
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New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
5 days ago
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It was great to see leaders gather at We Mean Business Coalition at #ClimateWeekNYC 🌍 Our CEO Per Heggenes joined the We Mean Business Coalition CEO María Mendiluce and other leaders from business and philanthropy.
@ikea_foundation
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It was great to see leaders gather at We Mean Business Coalition at #ClimateWeekNYC 🌍 Our CEO Per Heggenes joined the We Mean Business Coalition CEO María Mendiluce and other leaders from business and philanthropy.
1 week ago
View on Instagram |
3/4
At a crucial time for the global economy and the planet, IKEA Foundation is proud to support the @worldeconomicforum’s Humanitarian and Resilience Investing (HRI) Initiative in its Call to Action. This is focused on establishing New Partnerships to Mobilize $10 Billion to Support Most Vulnerable Communities 🙌 Follow the link in our bio to learn more 🔗 #SDIM23 #HRI
@ikea_foundation
@ikea_foundation
•
Follow
At a crucial time for the global economy and the planet, IKEA Foundation is proud to support the @worldeconomicforum’s Humanitarian and Resilience Investing (HRI) Initiative in its Call to Action. This is focused on establishing New Partnerships to Mobilize $10 Billion to Support Most Vulnerable Communities 🙌 Follow the link in our bio to learn more 🔗 #SDIM23 #HRI
1 week ago
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