In this report, IISD proposes eight recommendations that foundations should undertake to better utilize their endowments to tackle the challenges of climate change:

• Move toward positive screening investment strategies and climate investing
• Make all governance documents public
• Make the reporting of endowment holdings and returns transparent
• Streamline endowment management
• Join the Canadian Philanthropy Commitment on Climate Change
• Set targets for diversity, equality, and inclusion on investment committees
• Ensure one investment committee member has recent, relevant environment, social, and governance experience
• Work with smaller foundations to allow access to enhanced endowment management strategies