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The Rockefeller Foundation

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The Rockefeller Foundation Commits Over USD 1 Billion To Advance Climate Solutions.

In anticipation of New York City Climate Week, The Rockefeller Foundation has unveiled a groundbreaking commitment. Over the next five years, they will channel more than $1 billion towards advancing the global transition to combat climate change, with a profound focus on ensuring inclusivity. This historic strategy, a first in the Foundation's 110-year history, rests on two pillars: rallying the world to unite against climate change with a more concerted effort and seizing the opportunities and benefits of this transition for billions historically denied them.As part of this commitment, The Rockefeller Foundation will prioritize adopting a science-based Net Zero standard for its global operations. Dr. Rajiv J. Shah, President of The Rockefeller Foundation, emphasized, "Our history is marked by significant endeavors, and we view the threats posed by climate change and the possibilities of the climate transition, especially for the most vulnerable, as justifying the most substantial and impactful bet in our history. This strategy revolves around a straightforward concept: humanity need not choose between addressing climate change and enhancing human prosperity;rather, we must collaborate on a larger scale, with new approaches and partners, in different locations, to ensure that everyone not only survives the climate crisis but thrives." The Foundation's philanthropic journey commenced with an initial endowment of $100 million from John D. Rockefeller, the founder of Standard Oil, which once dominated over 90% of U.S. petroleum production.This new strategy aligns with The Rockefeller Foundation's vision of encouraging substantial investments and pursuing innovative, science-driven solutions to seemingly insurmountable challenges. It also builds upon recent steps taken by The Rockefeller Foundation, including divesting its endowment from existing fossil fuel interests and abstaining from future fossil fuel investments, making it the largest U.S. foundation to embrace the rapidly growing divestment movement. https://www.rockefellerfoundation.org/news/the-rockefeller-foundation-commits-over-usd-1-billion-to-advance-climate-solutions/

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    • George Kariuki

      34 w

      This is exciting and at the same time very encouraging. Other corporates should follow suit.

      4
      • Videlis Eddie

        34 w

        This is super awesome such news are the best 👏👏

        2
        • johnte ndeto

          34 w

          Such fundings are very welcome to help on climate agenda

          2
          • Rashid Kamau

            34 w

            we're confident the good news will keep on coming.

            3
            • Edwin wangombe

              34 w

              This is great news for the fight against climate change

              9
              • Rotich Kim

                34 w

                Determine government to support our environment 💪

                10
                Welcome, let's solve the climate crisis together
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