AUM in Action

IKEA Foundation, Children’s Investment Fund Donate to Clean Air Fund

Philanthropic organisations the IKEA Foundation and Children’s Investment Fund Foundation have contributed US$67 million to the Clean Air Fund. The Clean Air Fund is the world’s largest philanthropically funded organisation dedicated to tackling air pollution, with the US$40 million from IKEA and US$27 million from the Children’s Investment Fund to be spread over the next four years. In those four years, the Clean Air Fund aims to mobilise US$250 million in funds for air quality programming, working to “secure significant progress on reducing air pollution” in at least eight countries and 55 cities. It will also encourage at least 75 multinational companies to “commit to ambitious plans to reduce their air pollution footprints across their value chains”. Jane Burston, Founder and Executive Director at the Clean Air Fund, said: “Despite significant progress over the last four years, much more needs to be done to reduce air pollution, saving millions of lives, reducing enormous health harms and mitigating climate change. This investment will accelerate our work in more countries, and help galvanise commitments from city leaders, governments and the private sector to tackle air pollution.”  

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