Climate change presents an urgent challenge that demands collective action. In this decisive decade, every effort counts, especially those aimed at substantial, scalable solutions.
Impact investors have the unique opportunity to deploy capital into climate solutions that can reduce greenhouse gas emissions as quickly as possible. Impact investments are uniquely positioned to fund and scale essential innovation and close the funding gap left by public funding and philanthropy however, investments directed at mitigating climate change need to be guided by science to address the most urgent and impactful climate solutions.
Why Project Drawdown
Project Drawdown is the worlds leading resource for climate solutions, managed by a world-class network of scientists and researchers. Their analyses show that cutting direct emissions from six sectors could account for ~87% of the total reductions necessary to limit global temperature increases and avoid the most dangerous effects of climate change.
However, based on the capital flow analysis from their Roadmap, it is evident that the current allocation of climate funding is mismatched with the planetary needs for global carbon mitigation. To this end, Project Drawdown has launched the Drawdown Capital Coalition, a new program and community for impact investors, philanthropists, and their advisors that aims to guide private capital toward science-based climate solutions.
By focusing on scalable and sustainable solutions, Project Drawdown maps a pathway toward a better, more sustainable planet. Its diverse strategies span renewable energy, forest restoration, and innovative agricultural practices, all aimed at stopping climate change as quickly, safely, and equitably as possible.
Toniic Climate Impact Working Group
The Toniic Climate Action Working Group emerged in 2020 as a response to the growing emphasis on climate action within our community. It includes more than 100 impact investors focused on mitigating climate change through investments in climate solutions, philanthropy, and advocacy. Since 2020, its members have invested in over 25 impact investments by collaborating on deal flow and due diligence.
In April 2023, the group invited Dr. Jonathan Foley from Project Drawdown to speak at one of our monthly calls to present on the Capital Coalition.
Jonathan’s presentation, detailing both the urgency and the practicality of Project Drawdown’s strategies, resonated deeply with the members. Inspired by Project Drawdown’s efforts and initiatives, Toniic members decided to support the Capital Coalition’s fundraising efforts with a $160,000 annual philanthropic donation over two years.
Toniic members have been investing for over a decade in climate solutions, and given the urgency of the climate crisis, our investors’ allocation to climate has rapidly grown. However, as GHGs emissions continue to rise globally, simply investing is not enough. Investors must focus on the most effective solutions to cut emissions as rapidly as possible. Toniic members’ contribution to Project Drawdown is a powerful example of how collective action can amplify impact through science based climate investments and bring together diverse efforts that push for significant, rapid advancements in climate action.
– Dario Parziale, Managing Director at Toniic.
We are excited to support the partnership between Project Drawdown and the Toniic network. Our goal is to ensure our investments have an outsized impact on the climate crisis as fast as possible and Project Drawdown’s deep scientific analysis will help us do this.
Martha Records and Rich Rainaldi, Toniic Climate Working Group Co-leads
The work being done now on climate change mitigation is encouraging, but really should have begun thirty years ago. So I personally feel a huge sense of urgency in deploying as much investment capital as swiftly as possible in the most impactful ways possible – and Project Drawdown’s analytical rigor has the potential to play a huge role in making that possible, both for smaller investors like me and ideally also by much larger institutional investors.
Meg Arnold, Seabright Ventures
We supported this partnership between Toniic and Drawdown Capital Coalition because we are motivated by a real sense of urgency to invest in communities and projects on the frontlines of the climate crisis, and we know that our contribution is just a tiny drop in the bucket of what is needed. The combined scientific and impact investing expertise of these two organizations have the potential to unlock the trillions needed to achieve a just transition to net zero carbon emissions.
Claire Raffel and Dave Bice, Anne and Don Bice Climate Fund, Impact Assets
These testimonials showcase the diverse motivations and commitments of the Toniic community, which is united by a common goal of fostering sustainable, impactful change.
The commitment of Toniic members to Project Drawdown is a powerful example of how collective action among impact investors can amplify impact. It’s not just about the financial contributions, but also about spreading awareness and influencing others to join the cause.
For more information about Project Drawdown and its initiatives, visit https://drawdown.org/. To learn more about Toniic and its mission, visit www.toniic.com.
About Toniic:
Toniic is a global community of asset owners seeking deeper positive net impact across the spectrum of capital. Our members consist of around 500 high-net wealth individuals, family office, and foundation asset owners who are deepening their impact across the spectrum of capital and personal resources in more than 25 countries worldwide.
Click here to learn more about what being a Toniic member entails.
About Project Drawdown:
Project Drawdown is the world’s leading resource for climate solutions. By advancing science-based climate solutions, fostering bold climate leadership, and promoting new narratives and voices, the 501(c)(3) nonprofit, nonpartisan organization is helping the world stop climate change as quickly, safely, and equitably as possible.