The UK-based non-profit has launched a guide on using catalytic capital to create a fairer path to net zero. It is calling for over half of investment in climate-focused funds over the next five years to adopt a just transition approach.
European foundations are making progress on their impact measurement and management journey but “blind spots” must be addressed in order to “future-proof philanthropy”, according to report by Esade Center for Social Impact and BBK.
Less than 2% of philanthropic capital is directed towards fighting climate change. But targeting “big wins” in this field can lead to more investment, according to research commissioned by the IKEA Foundation.