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Assessing the Climate Action Investment Practices of Canadian Community Foundations
This report by the International Institute for Sustainable Development (IISD) analyzes the endowment management practices of 191 Canadian community foundations (CCFs), focusing on the integration of climate action and environmental, social, and governance (ESG) criteria. The author finds that while CCFs are active in grantmaking, they have been "laggards" in using their combined estimated CAD 7 billion in endowments to address climate change, often treating ESG as a risk mitigation tool rather than an opportunity for climate-positive investment. The report provides recommendations to increase transparency, diversify investment committees, and adopt positive screening strategies to align financial assets with climate goals.
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Document type: Report