How investing in solar pioneers can transform lives

We’re happy to announce our new partnership with Acumen to power communities in India and East and West Africa with renewable energy.

The IKEA Foundation is supporting Acumen’s new Pioneer Energy Investment Initiative (PEII+). This will help people living in poverty improve their livelihoods and increase their income and climate resilience.

PEII+ will invest in companies that supply affordable solar-powered appliances—such as cold rooms, water pumps and electric motorbikes—to communities that currently don’t have access to reliable, modern and sustainable energy.

Investment gap

Most of the world’s communities living in poverty rural and young. Living without reliable access to energy is a major barrier to rising out of poverty. And although investment in renewable energy is increasing, there’s still a lack of financing for pioneering companies that provide solar appliances and solutions

Acumen will invest in around 10 new enterprises in East and West Africa and India that supply solar appliances to improve people’s livelihoods. By providing early-stage capital and tailored technical assistance, Acumen will help these enterprises grow and prove they are viable, scalable, and can attract further investment. At a systemic level, Acumen’s effort is directed to crowd-in investors in the productive use solar segment.

Game-changing solutions

Renewable energy-powered appliances have the potential to more than double incomes by saving time, improving yields and enhancing resilience. They are sometimes called “productive use appliances” because they help people make their livelihoods more productive.

A solar-powered water pump can be game-changing for smallholder farmers who depend on costly diesel generators to irrigate their land. A solar-powered refrigerator can increase income for a small shop owner who can keep fish, poultry, dairy and drinks cool for their customers while avoiding food waste.

And with climate change creating more uncertainty in vulnerable communities, self-sustaining income is more important than ever. The renewable energy solutions that Acumen plans to invest in will help people lift themselves out of poverty and protect the planet by reducing greenhouse gas emissions.

Early-stage capital

Sarah Bieber, Head of Energy Partnerships at Acumen, says: “Productive use appliance companies have the potential to transform livelihoods but lack access to investment capital to support their growth. Alongside our partners, we will continue to invest high-risk, early-stage capital in this next generation of innovations.”

Biswarup Banerjee, Renewable Energy Programme Manager at the IKEA Foundation, says: “Energy access influences many factors people need to enjoy a decent quality of life. That’s why we’re championing Acumen’s PEII+ programme, that will invest in expanding the market for renewable energy solutions.”

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  • โ€œWe are just at the beginning. A glorious future!โ€ - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, weโ€™ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change ๐ŸŒ

Do you want to see what โ‚ฌ2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio ๐Ÿ”—

#ClimateChange #ClimateAction #Livelihoods
  • Positive News Tuesday! There is rapid growth in the global movement to mobilise boards to address #ClimateChange ๐ŸŒโ™ป๏ธ

This is stated in the first-ever Annual Report of our partner @hugheshallcam, who worked on the Climate Governance Initiative.

With a strong focus on impact, the initiative educates and equips corporate non-executive board members with the tools to address climate change in their businesses, and beyond. 

The Climate Governance Initiative is a global network dedicated to mobilising boards to accelerate the transition to net-zero and build climate resilience, and is now reaching 100,000+ business leaders worldwide. 

Read the Annual Report via the link in our bio ๐Ÿ”—

#ClimateSolutions #PeopleAndPlanet @worldeconomicforum
  • The Science Based Targets Initiative (SBTi), a longstanding partner of the IKEA Foundation, has contributed to a growing demand for corporate decarbonisation.

In 2023 alone, the SBTi doubled its corporate validations. 4,204 companies have been validated so far for their ambitious emission reduction targets.

Whatโ€™s more, the SBTi has now been granted charitable status, taking its place as an independent entity and using our $18m funding pledge to drive ambitious corporate #ClimateAction ๐ŸŒ

Read more about this exciting news by following the link in our bio ๐Ÿ”— #CorporateClimateAction
  • โฐ Every second counts when trying to transform our broken food system. 

Insights from our partner FSECโ€™s new Global Policy Report highlight the urgent need to transform food systems and the enormous benefits of doing so for #PeopleAndPlanet. ๐ŸŒ

The #HiddenFoodCosts continue to accumulate โ€” within the 10 seconds you spent reading this post, another $4,684,155 was incurredโ€ฆ ๐Ÿ’ธ 

We need to act now to transition to food systems that are good for people and the planet. 

Learn more about #FoodSystemsTransformation and the hidden food costs by following the link in our bio ๐Ÿ”—

#FixFoodEconomics
โ€œWe are just at the beginning. A glorious future!โ€ - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, weโ€™ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change ๐ŸŒ

Do you want to see what โ‚ฌ2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio ๐Ÿ”—

#ClimateChange #ClimateAction #Livelihoods
โ€œWe are just at the beginning. A glorious future!โ€ - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, weโ€™ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change ๐ŸŒ

Do you want to see what โ‚ฌ2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio ๐Ÿ”—

#ClimateChange #ClimateAction #Livelihoods
โ€œWe are just at the beginning. A glorious future!โ€ - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, weโ€™ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change ๐ŸŒ

Do you want to see what โ‚ฌ2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio ๐Ÿ”—

#ClimateChange #ClimateAction #Livelihoods
โ€œWe are just at the beginning. A glorious future!โ€ - Ingvar Kamprad Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, weโ€™ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change ๐ŸŒ Do you want to see what โ‚ฌ2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio ๐Ÿ”— #ClimateChange #ClimateAction #Livelihoods
3 days ago
View on Instagram |
1/4
Positive News Tuesday! There is rapid growth in the global movement to mobilise boards to address #ClimateChange ๐ŸŒโ™ป๏ธ

This is stated in the first-ever Annual Report of our partner @hugheshallcam, who worked on the Climate Governance Initiative.

With a strong focus on impact, the initiative educates and equips corporate non-executive board members with the tools to address climate change in their businesses, and beyond. 

The Climate Governance Initiative is a global network dedicated to mobilising boards to accelerate the transition to net-zero and build climate resilience, and is now reaching 100,000+ business leaders worldwide. 

Read the Annual Report via the link in our bio ๐Ÿ”—

#ClimateSolutions #PeopleAndPlanet @worldeconomicforum
Positive News Tuesday! There is rapid growth in the global movement to mobilise boards to address #ClimateChange ๐ŸŒโ™ป๏ธ This is stated in the first-ever Annual Report of our partner @hugheshallcam, who worked on the Climate Governance Initiative. With a strong focus on impact, the initiative educates and equips corporate non-executive board members with the tools to address climate change in their businesses, and beyond. The Climate Governance Initiative is a global network dedicated to mobilising boards to accelerate the transition to net-zero and build climate resilience, and is now reaching 100,000+ business leaders worldwide. Read the Annual Report via the link in our bio ๐Ÿ”— #ClimateSolutions #PeopleAndPlanet @worldeconomicforum
2 weeks ago
View on Instagram |
2/4
The Science Based Targets Initiative (SBTi), a longstanding partner of the IKEA Foundation, has contributed to a growing demand for corporate decarbonisation.

In 2023 alone, the SBTi doubled its corporate validations. 4,204 companies have been validated so far for their ambitious emission reduction targets.

Whatโ€™s more, the SBTi has now been granted charitable status, taking its place as an independent entity and using our $18m funding pledge to drive ambitious corporate #ClimateAction ๐ŸŒ

Read more about this exciting news by following the link in our bio ๐Ÿ”— #CorporateClimateAction
The Science Based Targets Initiative (SBTi), a longstanding partner of the IKEA Foundation, has contributed to a growing demand for corporate decarbonisation. In 2023 alone, the SBTi doubled its corporate validations. 4,204 companies have been validated so far for their ambitious emission reduction targets. Whatโ€™s more, the SBTi has now been granted charitable status, taking its place as an independent entity and using our $18m funding pledge to drive ambitious corporate #ClimateAction ๐ŸŒ Read more about this exciting news by following the link in our bio ๐Ÿ”— #CorporateClimateAction
3 weeks ago
View on Instagram |
3/4
โฐ Every second counts when trying to transform our broken food system. 

Insights from our partner FSECโ€™s new Global Policy Report highlight the urgent need to transform food systems and the enormous benefits of doing so for #PeopleAndPlanet. ๐ŸŒ

The #HiddenFoodCosts continue to accumulate โ€” within the 10 seconds you spent reading this post, another $4,684,155 was incurredโ€ฆ ๐Ÿ’ธ 

We need to act now to transition to food systems that are good for people and the planet. 

Learn more about #FoodSystemsTransformation and the hidden food costs by following the link in our bio ๐Ÿ”—

#FixFoodEconomics
โฐ Every second counts when trying to transform our broken food system. Insights from our partner FSECโ€™s new Global Policy Report highlight the urgent need to transform food systems and the enormous benefits of doing so for #PeopleAndPlanet. ๐ŸŒ The #HiddenFoodCosts continue to accumulate โ€” within the 10 seconds you spent reading this post, another $4,684,155 was incurredโ€ฆ ๐Ÿ’ธ We need to act now to transition to food systems that are good for people and the planet. Learn more about #FoodSystemsTransformation and the hidden food costs by following the link in our bio ๐Ÿ”— #FixFoodEconomics
3 weeks ago
View on Instagram |
4/4