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© TBLI Group™ BOX CONSULTS 20/02/09
ESG INVESTMENT
The Ultimate Killer App
Robert RubinsteinTBLI GROUP™
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
What is TBLI Group?
Extra Financial Rainmaker
VISION: "The World will benefit when economy supports well-being"
MISSION: TBLI raises awareness of the benefit of sustainable investments.
TBLI Conference is the the world’s largest annual international education and networking event on ESG (Environmental, Social and Governance) Investment.
SERVICES• TBLI Consulting • TBLI Conference • TBLI Academy • Lectures • Global Network • Knowledge Brokering • TBLI Investor Salon •
www.tbli.org
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
AGENDA
Definitions
Forces pushing ESG
Why inevitable?
Overview of Sustainable Investment
Green New Deal
Low hanging fruit opportunities
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Risk
Te Opportunity
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
OVERVIEW:PAST & PRESENT
SITUATIONS
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Self Interest First
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09What’s in it for me?
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Money Flows
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Green New DealSaturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
LEVEL PLAYING FIELD
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
GOVT. ROLE
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
23 ©Brooklyn Bridge-Connections to the Future
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
WHY SO SMALL?
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
IS IT SO SMALL?
WE KNOW WHAT WE KNOW
MEDIA
BUSINESS INCENTIVES
“FIDUCIARY RESPONSIBILITY”
POLICY
WEALTH MANAGERS
TRADITIONAL MBA TEACHING-
NO “SOFT STUFF”
MANAGEMENT ISOLATION
NOT CONVINCED
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
5%
95%
100% > 5%
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
“Green is Good Business”
Montana Governor Brian Schweitzer
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
People + Planet + ProfitSocial Equity Environmental Quality Economic ProsperityESG adds social and/or environmental value to external stakeholders, while increasing value to shareholders.ESG questions if, to maintain profitability, your products or services:
Worsen Social and Environmental BalanceMaintain Social and Environmental BalanceImprove Social and Environmental Balance
WHAT IS ESG/EXTRA-FINANCIAL
INVESTMENT?
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
NEW ECONOMIC MODELChina reaches US consumption 2031 (8% growth)Oil 80 m barrels/day world production →80 m barrels/day(car based transportation)Grain 382 m tons→1.352 m tons= 2/3 world harvestMeat 64 m tons→181 m tons=4/5 world productionCoal 2.8 b tons=2.5 b tons world productionSteel 258 m tons→511 m tons>Industrialized West Paper 27 kgs/person→210 kgs/person= 303m tons (double world production)Cars .77 cars person = 1.1 billion> 795 million cars on roadAdd India, and 3 billion in emerging markets and the West....
©Plan B 2.0 by Lester Brown
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Asset MovementsSRI funds are the fastest growing segment of mutual fund marketNearly all financial institutions have SRI products, departments, and or research units: ASN-Growth in spite of subprime, ABN, Credit Suisse, MeesPierson, Lombard Odier, Citigroup, ING, Fortis, AGF, Adveq, Rabobank, and many morePRI reaches 15.000 billion dollarsEquator Principles 60 banks for Emerging Market Investment.Cleantech boomingKadoories, Breninkmeijer, Colruyt, Stanley Fink, Google Founders, Zennström, Skol, Philips Children, Keilman, Hasso Plattner, Chearavanont (CP Family), and various Private BanksGovt. Pension Fund Norway 100% negative screenIndexes,Dow Jones launches Dharma Index, ESG India Index, FTSE 4 Good, DJSIRI Landscape 2008: Asset Owners$1.24 trillion assets>$1.38 trillion (2010)Standard & Poor’s, CRISIL (of India) and KLD launch the ESG India Index (1/ 2008) Dexia becomes SRI market leader
New LegislationJuly 3, 2000 UK Pension fund SRI regulation. All pension funds had to say what their policy was on SRI.UK ABI guidelines requiring UK public companies to state environmental and social risks.Governance is king: SEC regulation 33-813 1 requires US registered funds to report their shareholder voting, and Tabaksblatt Code
WHAT IS HAPPENING?
Te Freshfields Report-Fiduciary Responsibility
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Carbon MarketCap and Trade system. (London exchange, EU Trading Exchange, Chicago exchange). $ 15 billion-$1.000 billion. USA and Japan joining.Largest global re-insurers: Swiss RE, Munich RE - refusing to insure some activities due to climate change liabilities.California law putting co2 liability on car manufacturersCap & Trade in Europe, USA, Japan (research)Cargill buys into EcoSecuritiesDozens of Climate thematic funds and Indexes (S&P, Innovest, Trucost, KLD)Reporting GuidelinesGlobal Reporting InitiativeEngagement replacing Best of Class, Negative Screens
Sustainable Agreements for CorporationsEquator Principles I & II signed by leading banks.Carbon Disclosure Project II (CDP2) sends new letter to FTSE 500 asking for environmental performance or footprint by companies, signed by leading asset management firms (managing $ 31.000 billion)Liability for non-disclosure for sustainability matters
WHAT IS HAPPENING?
Text
Equator Principles-50m - 10m
Text
UNEP PRI
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Environmental Risk Becoming Mainstream
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
EP BanksABNAmro Dexia Group Mizuho Corporate Bank
ANZ DnB Nor Millennium bcp
Banco Bradesco Dresdner Bank National Australia Bank
Banco de la República Oriental del UruguayE+Co Nordea
Banco do Brasil EKF Nedbank Group
Banco Galicia Export Development Canada Rabobank Group
Banco Itaú Financial Bank Royal Bank of Canada
BankMuscat FMO Scotiabank
Bank of America Fortis SEB
BMO Financial Group HBOS Societe Generale
BTMU HSBC Group Standard Chartered Bank
Barclays plc HypoVereinsbank SMBC
BBVA ING Group TD Bank Financial Group
BES Group Intesa Sanpaolo The Royal Bank of Scotland
Calyon JPMorgan Chase Unibanco
Caja Navarra KBC Wachovia
CIBC KfW IPEX-Bank Wells Fargo
CIFI la Caixa WestLB AG
Citigroup Inc. Lloyds TSB Westpac Banking Corporation
CORPBANCA Manulife
Credit Suisse Group MCC
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Show me the money
$700 billion US Government
€600 billion Germany
€500 billion UK
€500 billion France
€250 billion Netherlands
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
FUTURE DIRECTION
Equator Principles=Project Financing
UNEP PRI= Public Equity
TBLI=Private Equity, Debt Financing, Alternative Investments
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
THE FINANCIAL HERD IS FORMING
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
SUSTAINABLE INVESTMENT
Instruments & Asset Classes
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
SUSTAINABLE PORTFOLIO
StocksBondsReal EstateMicrofinancePrivate EquityAlternatives (Carbon Finance, Water, Forests)
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
“SRI is not a niche market,
but a big party - we are just
early.”Robert Rubinstein, TBLI Group
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
SRI Growth
€0B
€750B
€1,500B
€2,250B
€3,000B
CoreBroad SRI-Engagement
CoreBroad SRI-Engagement
CoreBroad SRI-Engagement
2003
2005
2007
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
SRI Growth
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
What is Microfinance?
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Micro-finance Growth
€0B
€50B
€100B
€150B
€200B
MarketDemand
MarketDemand
2006
2008 ©CGAP 2008
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
What is Cleantech?
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
RENEWABLE ENERGYCleanTech accounts for 11% of private equity venture investment in the U.S. and 8.6% in Europe.Energy technologies account for 91% of CleanTech private equity investmentsRenewable energy investment is worth more than $243 million in the Europe and $843 million in the U.S. alone. Fastest growing sub-segment of private equity investment.Renewable energy encompasses a wide variety of technologies:
distributed energy-microturbines, fuel cells, hydrogen generationdevelopment & exploitation of sustainable energy sourcesenergy efficiency, waste to energy, and waste reductionbattery technology and energy storageenvironmental technology-wate and waste water, clean coal gasification, emmissionsIT-net metering, demand response (energy efficiency), remote sensoringparticulate and greenhouse gas emissions reductions
Deal flow and exit strategies are concernsT. Boone Pickens announces world’s largest wind farm 4000 MW, $ 10 billion. “ I have the same feels about wind, as I had about the best oil field ever found.”
Business Week - 8/14/06 - "Wall Street's New Love Affair: Why some of the world's smartest investors are betting billions on clean energy"
Sources: CleanTech Venture, 2005 EU Study on Renewable Energy Technologies
Apax-Brenninkmeijer Story
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Triple Convergence
Greenhouse Gas Emission Reduction
Renewable Energy Negawatts/ Energy Efficiency
©Global Change Associaties
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
GLOBAL RENEWABLE MARKET
Fuel Cells, Distr. Hydrogen
Wind
Solar
Biofuel
Total Energy
0 75 150 225 300
77
25
20
30
2
255
81
74
83
16
2017 2007
Energy Growth($)©CLEAN EDGE, 2007
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Cleantech Data
Cleantech Investment Monitor 2q 2008
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Cleantech Data
Cleantech Investment Monitor 2q 2008
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Cleantech Data
Source Cleantech Group
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
How much fresh water is there?
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
AMOUNT
Page 5
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If the world’s water were compressed into a single gallon(3.78 liters), only 4 ounces(0.12 liter) would be fresh. Of that, only two drops would be easily accessible and only one of which would be for human use.
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Performance
Page 3
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Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Which Asset Class offers best TBLI
returns that incorporate many
sustainable developments, and is poised to grow
massively?Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
In the United States, buildings account for:
• 36 percent of total energy use and 65 percent of electricity consumption
• 30 percent of greenhouse gas emissions • 30 percent of raw materials use • 30 percent of waste output (136 million tons
annually) • 12 percent of potable water consumptionSource: U.S. Green Building Council
SRPI-Social Responsible Property
Investments
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
DevelopmentsSchiphol Airport City
Masdar Breaks Ground-Foster & Partners
Bill Clinton Unveils Green Makeover for 16 Cities
Dongtan Eco City-Arup
Dynamic Architecture Project
Bank of America
MIT develop Renewable Energy Institute UAE.
San Francisco Treasure Island Project
Asian Greenfield Projects Sama Dubai (+50 ha.)
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Carbon Market
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Low Hanging FruitTBLI Investor SalonsUtopia.deGreen MortgagesClean Energy project financeGreen Real Estate Development-Airport CityGreen Mortgages with power tie inCleantech Private Equity- Fund of fundsCredit Card CO2 offsetESG Equity FundsSecond Generation EngagementGreen Real Estate Fund-Retrofit and NewBio Fuels Asia-(Cargill/Eco-Securities)ESG BondsForestsWater-Paying for Environmental Services (PES)Micro-finance bonds
Investment Opportunities
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
“Do or do not... there is no try.”YODA
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
LEGACYDid you add gasoline to the forest fire, and enjoy the show?Did you grab a hose, build a fire break, and plant new trees?
Did you build a carbon neutral economy and profit immensely?
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
Do you or your clients want to support, profit or facilitate social and environmental destruction?Do you or your clients want to support, profit or facilitate social and environmental restoration?
BUSINESS GOALS
Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09Saturday, February 21, 2009
© TBLI Group™ BOX CONSULTS 20/02/09
www.tbli.org
Saturday, February 21, 2009