By Smart Emmanuel
The World Sustainability Foundation (WSF) has been approved as a nonprofit partner by 1% for the Planet, a global network that connects businesses with environmental organisations, according to a statement released by the Foundation.
The approval allows WSF to receive financial contributions from member companies of 1% for the Planet, which commit at least one percent of their annual sales to vetted environmental causes. The organisations did not disclose expected funding amounts or timelines.
WSF said the partnership would support its existing conservation and sustainability programmes implemented through its Friend of the Sea and Friend of the Earth initiatives, which focus on marine conservation, sustainable resource use, and environmental education.
“This partnership strengthens our ability to work with responsible businesses and channel resources into science-based environmental programmes,” said Paolo Bray, founder and director of the World Sustainability Foundation.
1% for the Planet said it works with more than 5,000 member companies globally, directing private-sector funding toward approved environmental partners through a vetting process designed to ensure accountability.
Environmental partnerships between nonprofits and corporate donors have increased in recent years as governments and civil society organisations seek additional financing to address climate change, biodiversity loss, and environmental degradation, particularly in developing regions.
