The IAF is a collaborative fund dedicated to supporting decarbonisation projects and climate mitigation actions within supply chains related to the outdoor industry.

This fund is open for any interested party to contribute to, including brands, retailers, and other associated stakeholders. How funds are raised will vary by organisation, but innovation is key when considering how to approach this.

Whilst some organisations will have a set budget assigned to climate action, there are many other ways in which funds can be diverted or unused money can be accessed.

Brands have a direct responsibility to actively engage in climate change mitigation initiatives, whether they have been addressing climate action for several years or at the beginning of their journey. However, many brands understand the overwhelming financial pressure involved in attempting to fund initiatives on their own, thus by sharing costs this pressure can be eased and their targets can be more easily/quickly met.

Retailers have a key role to play in supporting climate action, and retail groups have publicly declared their desire to be actively involved in climate action through the development of pledges etc. By contributing to this fund, retailers will have the opportunity to make a financial contribution and show their commitment.

Other stakeholders, such as business associations, charitable organisations, EU grants/schemes, foundation/match funding, 1% for the Planet etc.

The assessment of applications is carried out by a Governing Council which will be made up of EOG members and managed by the EOG Secretariat. Funded projects are subject to regular updates/reviews etc.

To be eligible for funding, projects must be nominated by EOG members and any project that applies for funding from the IAF must be assessed against a Funding Allocation Framework which assesses factors such relevance for the sector, impact reduction potential, etc.
These could include:

Clean replacement of electricity –solar rooftop projects, the greening of remaining grid energy requirements.

Coal phase out for generation of  industrial heat – boiler replacement, biomass fuel substitution, installation of electric/thermal solar boilers

Long term offsetting projects
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The assessment of applications is carried out by the Governing Council which will be made up of EOG members and managed by the EOG Secretariat. Funded projects are subject to regular updates/reviews etc.