HomeStoriesHelping financial institutions make climate-positive decisions
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.
🚍🌱🚖 Transforming road transport for #PeopleAndPlanet.
Decarbonising transportation is essential to decarbonising society. There are an estimated 1 billion polluting vehicles on the world’s roads, accounting for approximately 15% of annual greenhouse gas emissions. Making the shift to electric vehicles is necessary and urgent.
That’s why the IKEA Foundation recently announced a $100 million investment in Drive Electric Campaign’s new Leapfrogging Partnership: a philanthropic effort to supercharge the transition to zero-emission vehicles in emerging markets across Africa, Latin America and Southeast Asia.
Nearly 40% of the world’s transportation demand is committed to electric vehicles by 2050, driven by smart government policies and business commitments supported by Drive Electric Campaign’s network of partners.
But clean transport and its benefits – from workers saving money on fuel to children breathing cleaner air – are not yet equally distributed. The goal of the Leapfrogging Partnership is to accelerate access to clean, affordable electric vehicles all over the world.
#DriveElectric #ElectricVehicles #AirPollution #EnergyTransformation #RoadTransformation
Our food systems are not working for people and the planet. We must transition to an approach that respects the environment and ensures the wellbeing of people now and in the future. 🥕
At the World Circular Economic Forum our Programme Manager, Annelies Withofs, talked about the Circular Food Systems for Rwanda programme which supports farmers, entrepreneurs, and businesses to shift towards #RegenerativeAgriculture and circular systems.
Learn more about the programme via the link in our bio đź”—
#ClimateCrisis #ClimateSolutions #SustainableFoodSystems #wcef2024
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