New Models for Money and Banking
By creating and distributing money and credit, central and commercial banks wield great influence over the environmental and social impact of companies and markets. Our goal is to make the monetary and credit systems accountable for their impacts on people and nature by supporting new credit models and central bank policies that make environmental sustainability a core criterion of governance.
Campaigning for a fair, sustainable and democratic banking system
Positive Money is a research and campaigning organization that seeks to reform our money and banking system.
With renewed support from P4NE, Positive Money will continue its work to align central bank policy with sustainability by advocating for the Bank of England, the Bank of France and the European Central Bank to disclose the carbon footprint of their balance sheets and to add sustainability to their mandates and monetary policy frameworks.
GBP 549,500, January 2019 – December 2021
New Economics Foundation, Council on Economic Policies, and the Institute for Innovation and Public Purpose, University College London
Central banking for sustainability
With renewed support from P4NE, NEF, CEP and IIPP seek to leverage the influential position of central banks in financial markets to proactively use their own balance sheets to support environmental objectives; to steer private sector financing toward sustainable investments; and to significantly reduce financial flows to unsustainable economic activities.
GBP 330,360, June 2019 – May 2021
Green America – Climate Safe Lending
Redirecting credit into climate positive projects
Climate Safe Lending is an action-focused network of banks and bank influencers—including institutional investors, insurance companies and civil society leaders—that seeks to redirect bank credit towards climate safe activities.
Climate Safe Lending seeks to align European and North American bank lending with the goals of the Paris Climate Accord to keep the planet well below a 1.5° Celsius temperature rise. It hosts a peer-learning lab for internal leaders at medium- to large-size banks with methodologies, models, tools, insights, and other enabling mechanisms to more rapidly accelerate climate positive lending in their institutions; and a coordinated effort among banks and bank influencers to directly engage banks to move along five progressive levels of balance sheet decarbonization.
USD 345,125, October 2019 – September 2021
The Democracy Collaborative – Quantitative Easing for the Planet
Financing a clean and just energy transition
The Democracy Collaborative builds community wealth through innovative strategies, models and training, and raises awareness about the need for systemic change to better realize the fundamental values of equality, democracy, and sustainability.
This project will help to keep the vast majority of US fossil fuel reserves in the ground and avoid a potentially ruinous financial crisis caused by the bursting of the so-called “carbon bubble” by creating a credible and detailed strategic plan for a federal buyout of major fossil fuel companies that would wind down production as part of a managed and fair transition to clean energy.
USD 300,000, January 2020 – June 2021
Finance Innovation Lab
Transforming the UK Banking Sector
The Finance Innovation Lab connects and convenes innovative finance entrepreneurs and intrapreneurs to catalyse the shift to a financial system that serves people and planet.
With renewed support from P4NE, the Lab will work to shift the UK banking system so that it enables a just transition to a low-carbon economy, at a speed and scale commensurate with meeting global climate change goals.
GBP 225,000, June 2020 – June 2022
Jesus College | UN-Cambridge-Toronto Decarbonisation Bond Index
Robustly indexing companies aligned with Paris Agreement 1.5°C
Intellectual Forum at Jesus College is a centre dedicated to promoting discussions and learning on different issues. Some of its activities include running conferences on education, health technology, and AI.
Under Dr. Ellen Quigley leadership and with the support of UN Joint Staff Pension Fund and the University of Toronto, the project will develop and implement a bond index product that assesses corporate alignment with 1.5°C. As expected results, the index will raise the cost of capital for companies misaligned with the 1.5°C goal and contribute to stopping the funding of new fossil fuel infrastructure.
GBP 206,067, July 2021 – June 2023
Make My Money Matter
Shifting how we think about our money
Make My Money Matter is a campaign dedicated to creating a culture shift in consumer engagement on the power of their money.
With P4NE support, MMMM will work to create more voice and choice for UK savers on how their money is invested, as well as for all pension money to be managed more sustainably and responsibly, and to grow the campaign globally.
GBP 150,542, July 2021 – December 2022
Enterprise for a Livable Planet
The dominant enterprise model today is structurally geared towards share price and profit, often to the detriment of the environment and people. This means that companies and markets often unwittingly harm ecosystems, communities, and employees. We want to reverse this trend by creating new enterprise models that value both purpose and profit, enabling companies to operate within the context of the Sustainable Development Goals.
B Lab – Race to the Top
Expanding the B Economy to Multinational and Public Markets
B Lab is a nonprofit that serves a global movement of people using business as a force for good to achieve an inclusive and sustainable economy that creates a shared prosperity for all.
P4NE funding supports B Lab’s Movement Builder’s program, which aims to directly engage multinational corporations in collective action to advance stakeholder governance and to amplify strategic planning around urgent collective action, particularly on climate change. The project will accelerate measurable impact, legal accountability, and culture change to improve multinational business practices, promote stakeholder governance, and influence investors and policymakers.
USD 580,370, January 2020 – June 2021
Future-Fit Foundation is advancing how companies and investors create long-term value, for themselves and society as a whole, to enhance the possibility that humans and other life can flourish on Earth forever.
With renewed support from P4NE, Future-Fit will establish a vibrant and growing community of well-equipped Pioneers that are committed to transform their business with Future-Fit Benchmark, raise awareness about the reporting and encourage others to come on board.
GBP 166,771, December 2020 – November 2021
Majority Action – Climate Majority Project
Holding Fossil Fuel Intensive Companies Accountable for Net-Zero Carbon by 2050
Majority Action empowers shareholders to hold corporations accountable to high standards of corporate governance, social responsibility, and long-term value creation.
With renewed support from P4NE, Majority Action will continue to educate and engage investors to transform the business models of the highest-carbon emitting companies by changing the composition, outlook and practices of their governing boards to focus on climate change mitigation, adaptation and resiliency, with the ultimate aim of building a sustainable economy vested in and oriented toward generating long-term value
USD 200,000, December 2020 – November 2021
American Sustainable Business Institute
Building a business movement for a triple bottom line economy
ASBI is a network of businesses and business associations working together for policies and practices that generate broad prosperity, environmental protection and regeneration, and human wellbeing.
With renewed support from P4NE, ASBI will continue leveraging the voice and power of the business community to advance an economy based on renewable energy, clean water, safer chemicals, regenerative agriculture and high road business practices.
USD 150,000, March 2021 – February 2023
B Lab Switzerland – Swiss Triple Impact
Using business as a force for good
B Lab Switzerland is a non-profit organization that aims to deeply transform the Swiss economy by inspiring and enabling people a community of people to use business as a force for good.
Swiss Triple Impact will engage Swiss businesses of all sizes and from all sectors to measure their social and environmental impact using B Lab’s B Impact Assessment and SDG Action Manager tools, identify concrete opportunities for improvement, and learn from their peers. Over time it also will provide a comprehensive diagnosis of the impact of Swiss businesses on society, the environment and the economy.
CHF 90,000, March 2021 – December 2021
New Economic Thinking, Approaches and Narratives
There is growing consensus that an economic system that treats nature and people as inexhaustible resources leads to unacceptable environmental, social and political impact.
But there is no clear picture or agreement on frameworks that could help build the foundation for a better economic system. Our goal is to foster the emergence of new economic thinking and approaches by supporting research, multidisciplinary economics education, and the dissemination of new ideas through compelling stories and narratives.
Promoting Economic Pluralism
Driving demand for pluralist economics
PEP creates and supports spaces for diverse voices, perspectives and approaches to understand our economies and help co-create truly sustainable, resilient and inclusive ones.
This project is harnessing the increasingly mainstream drive for economic reform outside academia to advance economic curriculum reform within academia by launching an accreditation system for master’s courses taking a pluralist approach to economics.
GBP 150,000, June 2018 – May 2020
The Minneapolis Foundation – Capital for the Common Good Initiative
Unlocking climate- and people-friendly investment
The Capital for the Common Good Initiative is an initiative of pfc Social Impact Advisors to develop and use global online and in-classroom curricula, cases and videos featuring alternative economic and financial models to train and transform social finance executives—current and future—to adopt new economic models that are human and planet centric.
CCGI will assess and produce case studies about a cohort of new economy thinkers and actors, including P4NE grantees, for use during an Oxford Social Finance course. CCGI will share these materials with 45 collaborating academic partners and the Skoll Centre for Entrepreneurship, and employ them to encourage private and public sector colleagues to incorporate them into their own work to improve the likelihood that their actions will reform the global economy in a way that allows people and nature to thrive.
CHF 200,000, April 2019 – April 2021
Economic Change Unit
Amplifying the impact of the economic systems change movement
The Economic Change Unit is a non-profit organization that seeks to amplify efforts to realize a more sustainable, just and resilient economy.
This project will accelerate the shift to a new economic system based on the values of environmental sustainability, justice, wellbeing and resilience, by providing critical functions in communications, network-building and strategic coordination that will enhance and amplify aligned efforts within the economic systems change movement, particularly within the United Kingdom.
GBP 380,800, May 2019 – May 2022
Institute for New Economic Thinking, Oxford Martin School, University of Oxford
A new economics “Boot Camp” for donors
The Institute for New Economic Thinking is a multidisciplinary research institute dedicated to applying leading-edge thinking from the social and physical sciences to make economics better serve humanity.
INET’s three-day intensive course, or “Boot Camp”, will help philanthropic funders get up to speed in a non-technical way on leading-edge new economic thinking, and will help funders create a high-impact ecosystem of design strategies, investments, actions, and campaigns to drive the transformation to a sustainable and just economy.
GBP 22,500, October 2019 – May 2021
oikos – Curriculum Change Initiative
Economics and management education purposed for a sustainable world
oikos is an international, student-led non-profit organization that empowers student change agents worldwide to embed sustainability into academia and from there into day-to-day business, government and personal activities.
oikos’ Curriculum Change Initiative will accelerate the process of bringing sustainability into the core of economics and management education by empowering students. Such curriculum change will prepare youth to address urgent global sustainability challenges through an education that fosters system thinking and heterodox, transdisciplinary economic approaches that assume strong sustainability as a prerequisite for a working economy.
CHF 200,000, January 2020 – December 2021
A transformative response to the next crisis
As part of the international Finance Watch network, Bürgerbewegung Finanzwende is a German non-profit established in 2018 to shape a financial economy that serves people, not the other way around.
This project will ensure that when the next crisis hits—whether financial, related to environmental breakdown, etc.—governments and civil society are prepared to respond in ‘transformative’ ways that generate structural reforms in the economic system which promote and create the conditions for achieving long-term environmental sustainability; significant reductions in inequalities of income and wealth within and between economies; and the redistribution of power away from wealthy elites towards democratic processes.
EUR 300,000, January 2020 – December 2021
OECD – New Approaches to Economic Challenges
Making economics make sense
The Organisation for Economic Co-operation and Development promotes policies that will improve the economic and social well-being of people around the world.
The OECD’s NAEC initiative aims to convince policymakers that growth for its own sake is destroying the environment and people’s lives and that we have the data, the methodologies, and above all the need to change the dominant economic narrative to one that makes sense socially, environmentally and economically. With this renewal grant from P4NE, NAEC will continue to expand and deepen its network of partners in the policy community, business and academia through a series of joint projects to renew economic analysis and modelling; promote a systemic approach to policymaking; and raise awareness of the environmental, social and economic planetary emergencies we are facing.
EUR 245,000, April 2020 – March 2022
New Economy Organisers Network
Unlocking political space for a sustainable and fair economy
The New Economy Organisers Network builds the strength of movements for social and economic justice.
With renewed support from P4NE, NEON will continue transforming the way the British public understands the economy by creating compelling messages and generating a mass of voices from across civil society demanding a shift to an economic system that meets people’s real needs within ecological boundaries.
GBP 285,000, June 2020 – May 2022
ZOE, Institute for Future-Fit Economies
Economic solutions that enable a good life within planetary boundaries
ZOE, an independent think and do tank, develops trend-setting impulses for the fundamental questions of economic development at the interface of politics, science and civil society in Europe.
This project will translate transformative post-growth and just transition policies for systemic economic change into concrete political action on EU level. ZOE seeks to ensure that political governance and the policies of the EU prepare for a post-growth future and redefine macroeconomic stability in the face of COVID-19.
EUR 424,739, September 2020 – February 2022
CORE Economics Education
Economics for a Changing World
CORE is an open-access platform for anyone who wants to understand the economics of innovation, inequality and environmental sustainability.
CORE will revise its already highly successful flagship open-access introduction to economics – The Economy – to make climate change one of the two centrepieces of its problem-oriented and student-centred pedagogy, together with inequality.
GBP 151,775, January 2021 – December 2022
Washington Center for Equitable Growth
Evidence for a Stronger Economy
The Washington Center for Equitable Growth is a non-profit research and grantmaking organization dedicated to advancing evidence-backed ideas and policies that promote strong, stable, and broad-based economic growth.
This project will scope out the most effective avenues through which economists, the environmental community, and public policy experts can integrate research at the intersection of economics, inequality and climate change into a post-neoliberal vision for what makes the economy grow.
USD 200,000, December 2020 – November 2021
Evolution Institute – Prosocial World
Enhancing cooperation and collaboration using evolutionary science
Prosocial World is a non-profit organization that seeks to evolve a more prosocial world, one which is oriented toward the welfare of others and society as a whole.
Prosocial will work with organizations associated with Partners for a New Economy to help them realize measurable improvement in their own objectives by providing a practical framework for consciously “evolving the future” at multiple scales, including the “micro” scale of small groups, the “meso” scale of multi-group cultural ecosystems, and the “macro” scale of the whole earth.
USD 41,000, December 2020 – November 2021
Netzwerk Plurale Ökonomik – Exploring Economics
Exploring and sharing new economic perspectives
Netzwerk Plurale Ökonomik seeks to shift economics education away from its primarily neoclassical orientation towards a diversity of perspectives, theories, methods and topics.
With renewed P4NE support, Netzwerk Plurale Ökonomik is improving its free, open access learning platform—Exploring Economics—to promote under-represented economic concepts, theories, and topics, to enhance dialogue between orthodox and heterodox approaches, and to promote pluralist economic teaching in universities.
EUR 175,327, January 2021 – December 2022
Empowering voices for a better economics education
Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom.
With P4NE support, Rethinking Economics will work to build a diverse movement of people who challenge, interrogate and renew the practice, teaching and application of economics so it operates within planetary boundaries and put wellbeing at its centre.
GBP 220,247, January 2021 – 31 December 2022
Wellbeing Economy Alliance
Building Back Better: ensuring a Wellbeing Economy agenda is built in, not bolted on
The Wellbeing Economy Alliance (WEAll) is a global collaboration of organizations, alliances, movements, and individuals working together to help bring about a transformation of the economic system, of society and of institutions so that all actors prioritize shared wellbeing on a healthy planet.
WEALL will help Wellbeing Economy Governments – Scotland, New Zealand, Iceland, Wales and Finland -, to deep the practical application of the Wellbeing Economy agenda. WEALL will also work to broaden the adoption of a Wellbeing Economy agenda in other territories and use its communications capacities to inform the global audience of COP26 about the central role the economy can play in dealing with the environmental and societal crises.
GBP 330,000, March 2021 – August 2022
openDemocracy – ourEconomy
New thinking and honest debate for a better economy
openDemocracy is a global, non-profit media platform that challenges power and inspires change through tenacious reporting, thoughtful analysis and democratic debate.
With renewed support from P4NE, openDemocracy will keep using its dedicated media hub, ourEconomy to disrupt and challenge prevailing economic orthodoxies in the media by communicating and amplifying ideas for a new economic paradigm to wide and diverse global audiences; providing a space for critical discussion and debate within the new economy movement, and influencing policy which helps accelerate the transition towards a fairer and more sustainable economy.
GBP 150,000, March 2021 – February 2023
Doughnut Economics Action Lab
Building economies that serve to meet the needs of all people within the means of the living planet
For the next three years, DEAL will work with cities, educators, businesses, governments and community groups worldwide to co-create and spread the tools and methodologies that can build 21st economies that are regenerative and distributive by design.
GBP 600,000, May 2021 – April 2024