Amalgamated Foundation
For The Partnership For Carbon Accounting Financials
-
Amount$1,500,000
-
Program
-
Date Awarded6/21/2021
-
Term48 Months
-
Type of SupportProject
Strategies
Overview
Carbon accounting of financed emissions is foundational for aligning finance portfolios with climate change mitigation. This work seeks to (a) expand a global carbon accounting standard for financed emissions (known as the Platform Carbon Accounting Financials, or PCAF); (b) increase the number of financial institutions that commit to measure and disclose the carbon emissions of their loans and investments, ultimately aligning their portfolio with net-zero emissions; and (c) provide technical assistance to the participating institutions in order to adapt the global standard to the regional context, and implement carbon accounting within their firms. (Substrategy: Climate Finance)
About the Grantee
Grantee Website
www.amalgamatedfoundation.org
Address
1825 K Street NW, Washington, DC, 20006, United States
Grants to this Grantee
for support of the Education Forward Fund
The Amalgamated Foundation is the fiscal sponsor of the Education Forward Fund, a collaborative effort of a group of foundations to support the many organizations and initiatives that are working to ensure that schools work for all children and young people. The Education Forward Fund will fund organizing and advocacy efforts by groups engaged in communications, legal, and policy support for education leaders. This grant contributes to the fund’s collaborative work. (Strategy: K-12 Teaching and Learning)
for the Families and Workers Fund’s Powering Good Climate and Infrastructure Careers Funding Initiative
The Families and Workers Fund, a project of the Amalgamated Foundation, has launched the Powering Good Climate and Infrastructure Careers Fund to ensure that the workforce components of implementation of U.S. federal climate investment laws succeed. The fund will use philanthropic capital as a catalyst to train and place workers into good-quality clean tech infrastructure careers. The fund builds inclusive and accessible career pathways for Americans that improve the economic fortunes of communities and families, while deepening public support for climate action as a driver of good jobs. (Substrategy: U.S. National Policy)
for the BuildUS Fund project
The BuildUS Fund is a donor collaborative fiscally sponsored by Amalgamated Charitable Foundation. Its goals are to (1) maximize the economic transformation and decarbonization potential of recently adopted laws in the United States, such as the Inflation Reduction Act and the CHIPS Act, for communities of color and other vulnerable, neglected and underserved communities, (2) accelerate investment into neglected communities in ways that advance a vision for reimagined capitalism, and (3) educate and inform the public about clean energy and equity-reminded reforms.
