Sixty-one foundations and philanthropic organisations in Italy have joined a commitment to action on climate change launched by Assifero, the Italian association of grantmaking foundations. Italy’s climate commitment for the philanthropy sector joins a number of other national, regional, and international commitments.
‘We are facing one of the most important challenges of our era, a challenge that concerns us all. And all foundations, philanthropic organizations, and social impact investors – not only those that already recognize an environmental vocation in their vision, mission, and scope of intervention – can do their part,’ said Stefania Mancini, Assifero Chair.
The commitment includes six principles for Italian foundations, philanthropic organisations, and social impact investors to hold themselves to:
- Educate and learn
- Address resources
- Review strategy and ongoing activities and programmes through a climate lens
- Responsible investment
- Decarbonising operations
- Sharing information about results
‘These six principles express shared values to which the signatories are committed to strive. And as Assifero, we are ready to give our full support to all those organizations that want to undertake this journey of integrating the climate lens into their strategy, mission, operations, and endowment management,’ said Carola Carazzone, Assifero Secretary-General.
The Italian Commitment was launched in connection with International Philanthropy Commitment on Climate Change, hosted by WINGS, and parallel national commitments in the UK, France and Spain hosted by the Association of Charitable Foundations, Centre Français des Fonds et Foundations, and Asociación Española de Fundaciones respectively.
The signatures to the Italian commitment will be added to those of already more than 200 corporate, community, family, and other philanthropic foundations, social impact investors, and individual funders from around the world, which will be brought to the attention of institutional representatives at COP26 in November in Glasgow.
Following on the heels of the commitment launch, Assifero is supporting an F20 climate event in Milan this week – ‘Green Recovery, Sustainable Finance, Just Transition: Putting Words into Deeds’, the 2021 Climate Solutions Forum, co-organised by Italian members Fondazione Cariplo, Fondazione Unipolis, Fondazione di Comunità di Messina, Fondazione Compagnia di San Paolo.