Global Industry Hub receives $50 million gift to transform heavy industry

This contribution will help spur greater investment and innovation to decarbonize the industrial sectors.

The Global Industry Hub (GIH) is honored to receive a $50 million grant from philanthropist MacKenzie Scott and Yield Giving in support of our mission to mobilize industrial decarbonization.

Heavy industry, the foundation of the modern global economy, is also the world’s highest emitting sector. Steel, cement, and chemicals are key to unlocking large-scale decarbonization, efficiency, and economic breakthroughs. This generous gift enables GIH to accelerate action that transforms these industries and scales sustainable change.

The Global Industry Hub, which is hosted by ClimateWorks Foundation, convenes and works alongside philanthropists, governments, and civil society to drive decarbonization of heavy industry for the benefit of the planet, global economies, and local communities. Since its founding in 2024, GIH has awarded more than $50 million to partners around the world, establishing the Hub as the largest philanthropic funder of industrial decarbonization globally.

Investing where new markets are made

This gift will help GIH to:

  • Scale clean production globally, identifying and directing capital toward viable, low-emissions production of steel, cement, and chemicals.
  • Drive private sector initiatives toward emissions reduction, bridging the gap to match funds with commercial, scalable technologies.
  • Empower local communities through the expansion of clean industry, by connecting governments, private philanthropies, and innovators to expand homegrown materials production.

At a time when clean materials are in high demand for infrastructure buildouts, transformational philanthropic contributions like this help spur greater investment and innovation across industrial sectors.

A growing opportunity

Decarbonization of heavy industry has suffered from the sector’s reputation as “hard-to-abate”. However, with technological advances, growing interest from key partners, and clear economic opportunities, GIH is confident that heavy industry is the “next-to-abate” sector in the fight to protect the climate.

As the building block of emerging and expanding economies, decarbonizing heavy industry is not just an ethical imperative but an investment opportunity. MacKenzie Scott joins a growing cohort of determined philanthropists who are investing their resources to take on and overcome one of the greatest threats to our climate. Scott’s gift signals both the urgency of decarbonizing heavy industry and that transformation is already underway.

“This endorsement from enterprising philanthropist MacKenzie Scott will help redefine the future of heavy industry,” said Jenny Kim, CEO of the Global Industry Hub. “Philanthropy can create new insights and alliances across stakeholders and sectors, helping unlock the pace needed to transform how crucial materials are produced. Decarbonizing heavy industry isn’t just a necessity — it is the foundation for building resilient and thriving low-carbon economies. We’re thankful to MacKenzie Scott for her visionary and very personal approach to building a better world.”

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