The power of philanthropy
Philanthropy has a vital role to play in solving the climate and biodiversity crises, including by addressing these causal failures in our democratic and economic systems.
The independence of philanthropy, and its ability to fund outside of election cycles, means philanthropy has been able to support some of the most critical climate and nature interventions in Australia. However, we can — and must — do more. Growing strategic philanthropic investment partnered with independent, powerful and trusted civil society groups is key.
The AEGN outlines 7 megatrends in philanthropic practice that Australian donors can use to supercharge environment and climate protection at this critical time:
- Acting at a systems level — addressing root causes and championing solutions.
- Working in and funding collaborations — we are greater than the sum of our parts.
- Recognising that equity and justice are central to environmental solutions.
- Taking a partnership approach means acting with trust, humility and transparency.
- Making sure the continued growth in corporate philanthropy genuinely makes a critical difference to environmental change and supports civic over corporate interests.
- Supporting the rise of the next generation of philanthropists and activists in their passion for change.
- Holding the line in the face of declining public funding for environment and climate.
These megatrends in philanthropic practice are playing out around the world. Increasingly, philanthropy is working with civil society to repair democratic institutions and processes and address the failures of economic systems. It is adding significant value by working together as a sector and with other partners to address complex issues. And by using donations and impact investments, it is providing independent venture capital to underpin innovative solutions to global and environment and climate challenges.