Page 1 The A List The CDP Climate Performance Leadership Index #CDPAlist November 3rd, 2014 Sue Howells, Co-Chief Operating Officer, CDP

Page 2 Carbon emissions are set to reach a 40 billion metric ton high… this year. Climate change will hit countries' economic growth rates and public finances: Standard & Poor’s Ratings Services.

 - Henry Paulson, Former U.S. Treasury Secretary Climate change is not only a risk to the environment but it is the single biggest risk that exists to the economy today. Page 3

Leverage the power of organizations and information to drive urgent action at scale by business, investors and regulators. Page 4

On behalf of 767 institutional investors representing US$92 trillion. Page 5

What is The A List?  A truly global index, one that goes beyond the “Global 500”.  Assessment of nearly 2,000 companies against CDP’s respected scoring methodology. Page 6

companies from around the world are leading the corporate charge to mitigate climate change. 187 Page 7

The A List  Almost half of the A list are headquartered in Europe  A further third in USA or Japan  Largest by market capitalisation include Apple, Microsoft & Google Page 8

 - Paul Simpson, Chief Executive Officer, CDP The businesses that have made it onto our first fully global list of climate performance leaders are to be congratulated for their progress; they debunk economic arguments against reducing emissions. Page 9

Decrease emissions  Companies on the Climate Performance Leadership Index (CPLI) 2014 have reduced their emissions in the last reporting year. Page 10

Decrease emissions That’s equivalent to removing 7 million cars from our roads for a whole year. Page 11

Increase returns Page 12 The CPLI has outperformed the Bloomberg World Index by 9.6% in the last four years.

Invest for win-win results All companies using CDP’s climate change program are: Page 13 Leaders’ investments achieve on average… Others’ investments achieve on average… Emissions reductions of 9% per company Emissions reductions of 6% per company Internal rate of return (IRR) of 57% Internal rate of return (IRR) of 50%  Investing;  Reducing; and  Enjoying a good internal rate of return.

Invest for win-win results General Motors: Emissions reductions = 244,000 MT Cost savings = US$287 m Page 14

Apply a business lens to climate change Nearly all leaders see opportunity from climate action. Page 15

Apply a business lens to climate change Samsung C&T Corp., responding to consumer demand for green products = +9% profits from sales within 7 years Page 16

Apply a business lens to climate change Leaders have a heightened awareness of risk. Page 17

Move beyond the low-hanging fruit Robust governance of climate change is driving leaders to raise the bar on investment. Proportionally, they have invested more and achieved greater carbon reductions. Page 18

The need to go further Targets tend not to go beyond 2016/17, which suggests a lack of long-term strategy to meet the global carbon budget. Page 19

Policy: a risk or opportunity? A lack of clear long-term policy is likely stalling corporate progress toward ambitious long-term targets. Page 20 More than three quarters of The A List engages with policy makers on climate change, compared with just under half of their non-leading peers.

The opportunity is vast Corporates and their trade associations can align to influence national polices that will unlock the business world’s full potential to decrease emissions worldwide over the longer-term. Page 21

A global economic system that operates within sustainable environmental boundaries and prevents dangerous climate change. Page 22

Page 23 Our economic activity ultimately depends upon a steady flow of natural goods and services, such as fresh water, timber and food crops, or climate regulation and flood control. Working together

Page 24 Working together for sustainable economies We thank all 5,000+ companies that disclose through CDP. Our climate change, forests, supply chain and water programs draw on our unique global system, to drive transparency and accountability for business impacts across the earth’s natural capital.

Page 25 Thank you