Assessing the Climate Action Investment Practices of Canadian Community Foundations

In this report, IISD proposes eight recommendations that foundations should undertake to better utilize their endowments to tackle the challenges of climate change:

• Move toward positive screening investment strategies and climate investing
• Make all governance documents public
• Make the reporting of endowment holdings and returns transparent
• Streamline endowment management
• Join the Canadian Philanthropy Commitment on Climate Change
• Set targets for diversity, equality, and inclusion on investment committees
• Ensure one investment committee member has recent, relevant environment, social, and governance experience
• Work with smaller foundations to allow access to enhanced endowment management strategies