Spotlight: Canopy Planet

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For our next installment of our public interest reporting on environmental multistakeholder initiatives involved in the global textile and apparel sector we take a deep dive into the Canopy Planet Foundation. 

Canopy’s mission is to protect the world’s forests, species, and climate, and to help advance frontline communities’ rights. 

Canopy main image

Canopy demonstrates solid short-term financial health with strong philanthropic backing and a proven ability to engage brands at scale. The organisation's lean structure and focused mission enable efficient deployment of resources toward forest protection and supply chain transformation.

Its latest 2024 Form 990 filing reveals an organisation where revenue surged from $253,240 in fiscal 2023 to $8.9 million in fiscal 2024 – a dramatic 3,416% increase driven primarily by a major multi-year philanthropic commitment, likely from The Audacious Project. This generated a substantial surplus of $5.57 million, with net assets growing to $5.62 million.

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