Te piko o te māhuri, pērā te tupu o te rākau
The way the young shoot bends is the way the tree will grow
We apply an inter-generational mindset to how we commit our resources, guided by Te Tiriti o Waitangi, including values of kaitiakitanga (guardianship and protection) and kotahitanga (togetherness). We will identify and prioritise opportunities for collective action on climate change, so that we can contribute to greater equity, community and environmental resilience, health and wellbeing. We also recognise the need to focus on our own operations and proactively take steps to reduce our carbon footprint.
Our commitment to climate action
Our investments
We use four levers towards our target of a net zero portfolio by 2050:
- we apply specified exclusions relating to the worst carbon-emitting industries
- we collect information about the ESG (environmental, social and governance) policies and ratings of our Fund Managers
- we measure our listed equity portfolio carbon emissions and other key metrics relative to net zero benchmark funds
- our listed equity managers vote their proxies and report on how they voted
Our granting
In the reporting year, Foundation North approved 81 grants that are Climate Action related totaling $16,895,874 in funds granted. The Youth Climate Collective also received support to develop its website and hold the Youth Climate Conference.
Our operations
An internal working group has developed a five-prong plan for how our organisation can reduce its emissions: waste, travel, energy, people and water.
Our collective action
Since 2021 Foundation North has pledged its support to the Funders Commitment on Climate Action, which aims to boost philanthropic endeavours towards addressing the climate crisis in Aotearoa New Zealand – the initiative published its 2024 annual report here. It’s been encouraging to see signatories extend to include other funders. Along with the eleven other community trusts, Foundation North is part of the Climate Action Working Group (CAWG) which shapes and progresses the work of Climate Action Aotearoa (CAA) and the Funders' Commitment. The CAWG is supported by our Centre for Social Impact and guides the mahi of two CAA Climate Co-Leads, appointed with funding from CAWG member trusts.
In September 2023 Trust Waikato, Rātā Foundation, Clare Foundation and Foundation North collaborated to connect with like-minded organisations in North America who are actively working towards Indigenous equity, impact, sustainability, and related challenges in the philanthropic sector. The report from this study tour is published here.
In 2023 the Combined Community Trusts (CCT) of Aotearoa agreed to pilot a Kaupapa of National Significance (KONS) Fund and that for the coming year, this would have a climate focus. TOI Foundation, Trust Waikato, Rātā Foundation and Foundation North committed a total of $500,000. A further $100,000 was contributed by Eastern & Central Community Trust, Otago Community Trust, Bay Trust and Community Trust South. The KONS Fund opened for applications in March 2024 - CCT’s Climate Action Working Group will make funding decisions, with Wellington Community Trust administering the fund and application process.