The fifth edition of ClimateWorks Foundation’s global analysis of climate philanthropy highlights how foundations are shaping grantmaking strategies for climate action. The report emphasizes collaborative and catalytic approaches, long-term and flexible funding, and greater investment in local capacity, particularly in regions like Latin America and Africa. With a spotlight on Brazil ahead of COP30, it illustrates how funders can align their grantmaking to advance systemic, equitable, and people-centered climate solutions.