IKEA Foundation pledges over £ 4 million to support Oxford’s sustainable finance action

IKEA Foundation pledges over £ 4 million to support Oxford's sustainable finance action

These projects aim to make a significant contribution to aligning finance and the financial system with the goals of the Paris Agreement.

The £4.5m grant, given over three years, will support four projects led by the University of Oxford’s Sustainable Finance Group.

Highlights


  • Dr Ben Caldecott, director of the Oxford Sustainable Finance Group said: “We need to transform financial decision-making so that the capital and financial services needed to deliver global net zero by 2050 are actually provided.


  • Read more: Bob Rose, the Wantage grandad that went viral on TikTok for his paintings

The Oxford sustainable Finance Group, established in 2021, works to align finance with sustainability.

“We have very little time left and that’s why we’re working on what we think could be transformative interventions.”

The IKEA Foundation supports programmes that help families afford a better everyday life and protect the plane as it looks to improve the lives of children living in poverty.

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