A millionaire donation has been secured by the University of Oxford from the IKEA Foundation to help drive ‘transformative’ change to sustainable finance.

The £4.5m grant, given over three years, will support four projects led by the University of Oxford's Sustainable Finance Group.

These projects aim to make a significant contribution to aligning finance and the financial system with the goals of the Paris Agreement.

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Dr Ben Caldecott, director of the Oxford Sustainable Finance Group said: “We need to transform financial decision-making so that the capital and financial services needed to deliver global net zero by 2050 are actually provided.

“We have very little time left and that’s why we’re working on what we think could be transformative interventions.”

The Oxford sustainable Finance Group, established in 2021, works to align finance with sustainability.

The IKEA Foundation supports programmes that help families afford a better everyday life and protect the plane as it looks to improve the lives of children living in poverty.


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