AFC has announced the establishment of a non-profit foundation to support efforts at reducing emissions, halting deforestation and raising funds for conservation. The announcement was made by its President and CEO, Samaila Zubairu, on the second day of a business and philanthropy climate forum held on the sidelines of COP28 in the United Arab Emirates. 

Zubairu explained that the AFC Foundation is being set up in recognition of the need to blend philanthropic capital with public and private capital to ensure that full benefits are realised from carbon capture, especially by communities and governments who are the rightful owners.