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CDP investor program Understanding climate risks and maximising financial rewards: The benefits to signatories and members CDP works with investors, companies and governments to drive industrial-scale environmental disclosure. Last year, more than 70 percent of the largest listed OECD companies by market cap reported to CDP. Our global data from companies and cities in response to climate change, water insecurity and deforestation, coupled with our award-winning research series, is helping investors to engage with companies and make more informed investment decisions. Our disclosure framework and database is the foundation of environmentally-focused investing and we will be incorporating the TCFD recommendations through our move to sector-based reporting in the 2018 disclosure cycle. Our insights add value not only in informing investment decisions but by building a more sustainable future. Our actions deliver a sustainable economy, prevent dangerous climate change, and protect natural resources. We look forward to partnering with you.

CDP investor program…CDP is not an investment advisor, and makes no representation regarding the advisability of investing in any particular company or investment fund or other vehicle

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Page 1: CDP investor program…CDP is not an investment advisor, and makes no representation regarding the advisability of investing in any particular company or investment fund or other vehicle

CDP investor programUnderstanding climate risks and maximising financial rewards: The benefits to signatories and members

CDP works with investors, companies and governments to drive industrial-scale environmental disclosure. Last year, more than 70 percent of the largest listed OECD companies by market cap reported to CDP. Our global data from companies and cities in response to climate change, water insecurity and deforestation, coupled with our award-winning research series, is helping investors to engage with companies and make more informed investment decisions. Our disclosure framework and database is the foundation of environmentally-focused investing and we will be incorporating the TCFD recommendations through our move to sector-based reporting in the 2018 disclosure cycle. Our insights add value not only in informing investment decisions but by building a more sustainable future. Our actions deliver a sustainable economy, prevent dangerous climate change, and protect natural resources. We look forward to partnering with you.

Page 2: CDP investor program…CDP is not an investment advisor, and makes no representation regarding the advisability of investing in any particular company or investment fund or other vehicle

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Comprehensive, consistent and accurate information is vital to our ability to effectively measure companies’ exposure to climate change and management of the challenges and opportunities it presents. CDP remains a key source of information for us as we continue to build our analysis in this field. Schroders Andrew Howard

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Introduction

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Climate Change529 signatories

Water 528 signatories

Forests528 signatories

CDP is a leading global non-profit working to secure a thriving economy that works for people and planet. CDP holds the largest collection of primary carbon, water and deforestation information, and focuses investors, companies and cities on making the right the choices now by enabling them to measure, understand and address their environmental impact.

CDP aims to make environmental disclosure mainstream, and to use the insight gathered from these companies and cities to drive urgent action towards a climate safe, water secure future for all.

CDP’s global disclosure system equips investors with the data needed to engage with portfolio companies on their environmental impact. Investors are better able to protect assets (including municipal bonds) against risks resulting from increasing climatic uncertainty, including physical, reputational and regulatory. Companies are better positioned to respond, building resilience throughout their own business and value chains.

$96 trilliontotal assets

$96 trilliontotal assets

$96 trilliontotal assets

Last year, companies representing more than 50% of the G20’s combined market capitalization reported climate-related data to CDP.

CDP programs are designed to help investors analyze their exposure to environmental risk, in relation to:

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Signatory & membership benefits

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Promote industrial-scale environmental disclosure and engagement, aligned with the TCFD

Regular disclosure status updates during the disclosure period

Ability to opt-in to a global non-discloser campaign to encourage better disclosure in the next CDP disclosure period

Help satisfy PRI Principles 1-4; relating to ESG investment analysis, active ownership, corporate disclosure and investor collaboration

Access to current and historical company questionnaire responses; ability to export to Excel

Access all company CDP scores; ability to export to Excel

Access to CDP’s award-winning sector research reports

Invitations to CDP sector research roundtables

Public recognition of your commitment to engaging with companies on environmental issues

Access all responses to CDP’s Cities, States & Regions program questionnaire

Receive newsletters on the latest developments across CDP’s programs worldwide and other news relating to CDP’s work

Access CDP emissions data and scores through Bloomberg and Google Finance

Modelled scope 1, 2 & 3 emissions data set for more than 3600 companies, including all the MSCI ACWI & public high-emitting companies

Ability to generate customized data extracts for Climate Change, Water and Forests responses.

Ability to download Score Feedback Charts for a detailed understanding of a company’s score and their peer comparison

CDP’s visual analytics platform for intuitive cross-sections and time-series analysis of responses.

Exclusive one-to-one investor research analyst meetings

Bespoke CDP data workshops and other events

Dedicated account manager support

Investor Signatory

Investor Member

Opt-in Opt-in

Current year reports

All reports

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1. Support

CDP’s investor team supports its signatories with access to CDP data, updates regarding disclosure, regional insights and will provide you with relevant invitations to initiatives that further support corporate disclosure.

2. Price

The signatory administrative fee is an annual rate of $1475 for investors with more than $1bn of assets, and $975 for investors with less than $1bn of assets*. A signatory can sign up at anytime during the year and renewals are requested between the end of a year and beginning of the next.

3. How do I join?

Please contact your regional account manager as detailed in the contacts section at the end of this brochure, or [email protected].

*Regions outside of North America, Europe, and Japan have a different fee structure. Please contact [email protected] for details

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Access to CDP Research

CDP’s in-house investor research team has earned wide recognition as an innovative and insightful look into high-emitting companies and their ability to transition to a low-carbon economy.

1. Advanced support

Dedicated account management and other services including bespoke letter drafting, mapping portfolios to disclosure status and supporting advanced analytics on an individual basis.

2. Preferential research support

Preferential access to the CDP investor research team, to gain a greater insight into the research methodology and engagement opportunities.

3. Recognition and networking

Preferential marketing opportunities, including speaking at CDP events or workshops, enhanced recognition on CDP global reports and the CDP website.

4. Price

The fee for investors with assets of up to $10 billion is $7,000, and $9,000 for investors with assets of $10 billion or more.

5. How do I join?

Please contact your regional account manager as detailed in the contacts section at the end of this brochure, [email protected].

Signatory program details Membership program details

CDP was ranked the top climate research house in 2015 and 2016, and the Sector Research Series was cited as the most innovative research report in 2016, as well as winning an Investment Week ESG research award for 2017.

Investor signatories and members receive quarterly reports and engagement booklets on key high-emitting sectors throughout the year, ranking companies on climate and water-related factors with a linkage to earnings. Investor signatories have access only to the reports released during the current subscriber year, while investor members benefit from all reports and exclusive one to one meeting opportunities with the sector research analysts. Reports can be found through the on-line investor dashboard.

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Add-on services

Climetrics

Climetrics is the world’s first fund rating which enables investors to integrate climate impact into their investment decisions. Covering equity funds and ETFs in Europe worth €2.5 trillion, it was developed by two recognized climate specialists: CDP and ISS-Ethix Climate Solutions, part of the responsible investment arm of Institutional Shareholder Services Inc.

Climetrics provides investors with a 1-5 rating – symbolized by green leaves “issued” on a scale of one to five – based on a comprehensive, three-level methodology using data mainly from CDP and ISS-EthixClimate Solutions. Top-rated funds can be found for free on www.climetrics-rating.org. Climetrics was catalyzed and funded by Climate-KIC, the EU’s main climate innovation initiative.

Matchmaker platform

The Matchmaker platform’s goal is to ensure cities have access to project development services and private capital to meet ambitious climate goals.

As an add-on to the investor signatory/member package, subscribers sign up for an analytics dashboard that houses city sustainability data and projects that meet their business development criteria.

Subscribers receive the following benefits from the service:

• Access to a central, online database for project-level municipal information. This provides lead generation for climate friendly projects in their early stages. The dashboard also has screening capabilities to identify urban climate projects based on desired criteria.

• Platform for ESG analysis of municipal climate risks and mitigation activities. Matchmaker’s online dashboard details CDP cities’ climate disclosure and risk mitigation activities.

For further information on the benefits of Matchmaker, please visit the program page: https://www.cdp.net/en/cities/matchmaker

85%Portfolio Holdings Score

10%Asset Manager Score

5%Investment Policy Score

Page 7: CDP investor program…CDP is not an investment advisor, and makes no representation regarding the advisability of investing in any particular company or investment fund or other vehicle

CDP Investor Initiatives Worldwide [email protected]

CDP Investor Initiatives North [email protected]

CDP Investor Initiatives [email protected]

CDP Investor Initiatives Australia, New Zealand, Hong Kong, SE [email protected]

CDP Investor Initiatives [email protected]

CDP Investor Initiatives South [email protected]

CDP UK4th Floor Plantation Place South 60 Great Tower StreetLondon, EC3R 5ADUnited KingdomTel: +44 (0) 203 818 [email protected]

[email protected]

Contacts

Important Notice:

CDP is not an investment advisor, and makes no representation regarding the advisability of investing in any particular company or investment fund or other vehicle. A decision to invest in any such investment fund or other entity should not be made in reliance on any of the statements set forth in this publication. While CDP has obtained information believed to be reliable, it makes no representationor warranty (express or implied) as to the accuracy or completeness of the information and opinions contained in this report, and it shall not be liable for any claims or losses of any nature in connection with information contained in this document, including but not limited to, lost profits or punitive or consequential damages.

The contents of this report may be used by anyone providing acknowledgement is given to CDP. This does not represent a license to repackage or resell any of the data reported to CDP and presented in this report. If you intend to repackage or resell any of the contents of this report, you need to obtain express permission from CDP before doing so.