1. Today’s Speakers: Bryn Baker Senior Program Officer, Climate Change World Wildlife Fund Ellen Kennedy Manager, Environment and Climate Change Calvert Investments Anne Kelly Co-Director, Policy Program & Director, BICEP Ceres Rick Needham Director, Energy & Sustainability Google Rob Threlkeld Manager of Renewable Energy General Motors March 21, 2012

2. Power Forward: About the Organizations Calvert Investments – An investment management company with managed assets of more than $12 billion Ceres – A non-profit advocate for sustainability leadership in business and investing World Wildlife Fund – World’s largest conservation organization, partnering with business for innovative changes Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy

4. Timing of Commitments in Fortune 100 and Global 100 Companies with GHG and RE Targets

7. Why Are Companies Buying Renewable Energy? 1.Lock in long term energy price stability 2.Reduce energy cost 3.Diversify energy supply 4.Meet GHG reduction goals 5.Demand from investors and customers 6.Demonstrate corporate leadership Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy

8. Largest Barriers Identified by Companies 1.Cost of renewable energy 2.Internal competition for capital 3.Inconsistent policy Inconsistent incentives and regulation Barriers to 3 rd party PPAs Lack of level playing field Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy

9. Recommendations for Companies Companies should : Set time-bound GHG targets and ideally also RE targets Be transparent about the role renewable energy plays in meeting their GHG targets Support local, state and national policy that enables renewable energy Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy

10. Recommendations for Policy Makers Policies should : Create a level playing field with traditional fuels Advance state and federal Renewable Portfolio Standards Enable power purchase agreements (PPAs) and encourage on-site renewable power generation Set a price on carbon and other negative externalities Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy

11. Strong Business Support for PTC “Extending the PTC lowers electricity prices for all consumers, keeps America competitive in a global marketplace and creates homegrown American jobs.” - September 18, 2012

12. Contact Information on the Report Bryn Baker Bryn.Baker@wwfus.orgBryn.Baker@wwfus.org World Wildlife Fund Ellen Kennedy Ellen.Kennedy@Calvert.comEllen.Kennedy@Calvert.com Calvert Investments Anne Kelly Kelly@ceres.orgKelly@ceres.org Ceres