Welcome to Episode 12 of New Climate Capitalism.
Philanthropic foundations are not generally known for being players in green finance but that started to change a few years ago, and right now more and more players are diving into the space.
To find out what’s going on, I talked to Marilyn Waite, who leads the climate and sustainable finance work at the Hewlett Foundation. Right now that’s a portfolio worth 75 million US dollars over five years.
Foundations are special because their non-accountability allows them to be very nimble and responsive, and this gives them tremendous leverage to come in with an agenda for change that can, over time, exert influence on the dominant agenda and narrative.
So don't miss this episode to find out where foundations are putting their money and why right now.
S2 Ep 2: Why foundations are rushing into green finance