The IKEA Foundation has announced plans to spend another €300 million on climate-related programmes between 2020 and 2023 and calls on others to follow our lead.
This funding is on top of the €400 million we pledged to spend on climate programmes between 2015 and 2020, and it builds on our commitment to make fighting climate change one of our core focuses.
The new funding will be spent on programmes that cut carbon emissions and that help communities adapt to a changing climate and get access to renewable energy.
Per Heggenes, IKEA Foundation CEO, said: “This new funding brings our total climate-related commitment to €700 million between 2015 and 2023, showing our determination to protect our planet while creating a better everyday life for families in vulnerable communities.”
The announcement was part of a $4 billion USD global commitment from 29 philanthropies at the Global Climate Action Summit (GCAS) in San Francisco. It comes ahead of Climate Week NYC (24–30 September), which takes place every year in New York during the UN General Assembly.
The new funding will build on our previous climate action work with partners including We Mean Business, Purpose Climate Labs and SHINE.
This year we have also given new grants to European Climate Foundation, the Climate Action Network (CAN) and Shakti Sustainable Energy Foundation.
We’re now calling on other philanthropic and business leaders to deepen their commitment to achieving the Paris Climate Agreement targets.