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.
The IKEA Foundation supports @goglassociation to strengthen and develop the global industry around Productive Use of Renewable Energy (#PURE). Their #PuttingSolar2Work series highlights the benefits that renewable energy can bring to people like Doreen Njoroge.
Doreen is a mother of three from rural Kenya. In 2022, she adopted an Agsol solar-powered micro-mill, which has not only reduced costs and saved time but also provided her community with cleaner flour. Her story illustrates the potential of #OffGridSolar technology to foster opportunities and resilience. 🌽 🌍
By #PuttingSolar2Work, smallholder farmers aren't just enhancing their businesses but also becoming agents of climate action and economic growth.
🔗 Visit our link in bio to learn more.
*Image credit to Agsol/GOGLA.
#IKEAFoundation #GOGLA #RenewableEnergy
We’re partnering with @thecirculateinitiative to support the Responsible Sourcing Initiative in Kenya and India. This collaboration will help improve the livelihoods of waste workers and increase the responsible sourcing of recycled plastics.
Through training and skills development, the initiative aims to:
✅ Support 500+ waste enterprises.
✅ Generate 100,000 tons of responsibly sourced recycled plastic.
✅ Improve the livelihoods of 50,000 informal waste sector workers and waste pickers by 2026.
By working with global and local partners, we are strengthening plastic recycling supply chains to be fair, just, and inclusive—helping people and protecting the planet.
Head to our link in bio to read more.
#IKEAFoundation #TheCirculateInitiative
We’re pleased to share the Climate Governance Initiative 2024 Annual Report. 🌍 🙌
The IKEA Foundation proudly supports Climate Governance Initiative because we believe effective climate leadership within business is vital to transition towards a sustainable and inclusive future.
Over the past five years, Climate Governance Initiative has grown into a powerful global movement, empowering over 100,000 board directors across 33 Chapters worldwide to drive bold climate action.
"Climate Governance Initiative has built the foundation of a truly global and influential movement, and this Annual Report portrays a vigorous movement, ever-growing in strength and purpose." - Julie Baddeley, Chair of the Governing Board, Climate Governance Initiative
🔗 Head to our link in bio to read the report in full.
#IKEAFoundation #ClimateGovernanceInitiative
This site uses functional cookies and external scripts to improve your experience.
Privacy settings
Privacy Settings
This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.
NOTE: These settings will only apply to the browser and device you are currently using.
Google Analytics
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic, currently as a platform inside the Google Marketing Platform brand.
Google Tag Manager
Google Tag Manager measures the number of visits to a website and the parts of the website that are the most popular among the website’s visitors. This information is used to provide information on the use of the website and enhance the user’s experience.