https://orcid.org/0000-0001-7788-1887
Figures & data
Figure 1. The metaphorical ‘iceberg’ of philanthropy.
Note: The tip of the iceberg represents the ‘mission’ function which typically enjoys a high public profile. The larger part of the iceberg submerged underwater represents the endowment that financially underpins the mission work. Mission and endowment are supported by distinctive activities (left hand side). Colour-coding of the intended outcomes depicts complementary (green) or contradictory (red) climate impacts (right hand side).
An iceberg, metaphorically presenting a philanthropic organisation engaged in climate action, floating in the ocean (dark blue, bottom half of the image) set against a light blue sky (top half of the image). The top half of the iceberg represents the visible ‘mission’ arm of philanthropy. The labels and arrows to the top left of the iceberg show that the mission arm is driven by values. It supports communities, activist groups, educational institutions, and other philanthropic organisations through grant-making, to meet its outcomes of climate mitigation, adaptation, nature conservation, and education, which is depicted by labels and arrows to the top right of the iceberg. The bottom half of the iceberg represents the endowment of philanthropy. The labels and arrows to the bottom left of the iceberg show that the endowment is driven by profits. Profit-making is facilitated by engaging with asset managers and financial intermediaries who provide financial services, to meet the outcomes of profiting from its investments, which is depicted by labels and arrows to the bottom right of the iceberg. Labels to the right of the iceberg indicating ‘outcomes’ of philanthropic outcomes are colour-coded. ‘Climate mitigation, ‘climate adaptation’, ‘nature conservation’, ‘education’ and ‘profits from responsible investment’ are depicted in green, whereas ‘profits from ‘business as usual’ including investment in ‘dirty’ sector is depicted in red.
