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Spotlight on Investors: Hewlett Foundation
4-Jan-2021 11:09:48 AM
The Hewlett Foundation was established in 1966 by Flora and William Hewlett, with their eldest son, Walter Hewlett. Today, the organization supports efforts to advance education for all, preserve the environment, improve global development, promote performing arts, make the philanthropy sector more effective and strengthen communities in the San Francisco Bay Area. As at June 30, 2020, the Foundation had $US 10.4 billion of assets under management.
As part of Hewlett Foundation’s investment approach, the organization applies negative screening on tobacco companies and no longer invests in private partnerships primarily involved in oil and gas drilling. Additionally, the Foundation votes proxies on climate and forestry issues. With regards to Climate Change, the organization supports initiatives that help reduce the use of fossil fuels, improve energy systems, and promote cross-sector integration and innovation. As such, in the the beginning of 2021, the Hewlett Foundation has awarded $US 2.45 million to six promising initiatives that will contribute to align passive asset management with climate action.
