1. www.cdp.net | @CDP Page 1 Katie Walsh, Cities Manager, North America

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3. www.cdp.net | @CDP Page 3 CDP is on the Climate Bonds Standards Board and member of Green City Bond Coalition

4. www.cdp.net | @CDP Page 4 The big picture

5. www.cdp.net | @CDP Page 5 It’s getting hot in here..(50% global population in cities) NYC “world’s largest underwear gathering” Suining (China) “a day at the pool”

6. www.cdp.net | @CDP Page 6 207 cities reported in 2014 (330+ in 2015…)

7. www.cdp.net | @CDP Cities reporting by size in 2014 Page 7

8. www.cdp.net | @CDP CDP cities annual information request Page 8  Governance  Emissions reduction actions  Risks and Adaptation  Renewable energy  Economic Opportunities  Water  Emissions inventory  C40 cities  Compact of Mayors

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14. www.cdp.net | @CDP Page 14 76% cities say that business is susceptible to climate risk

15. www.cdp.net | @CDP Types of impacts to businesses expected by cities Page 15

16. www.cdp.net | @CDP Of the 207 reporting cities in 2014…  76% say that climate change presents an economic opportunity for the City  55% have climate change-related projects that they hope to attract private sector involvement  24% have renewable energy/electricity targets Page 16

17. www.cdp.net | @CDP How can CDP data inform investors in U.S. municipal bonds? Page 17  CDP White paper released Feb 2015 www.cdp.net/reportswww.cdp.net/reports  Examined climate change data for a defined set of municipal issuers – large U.S. cities  2011 – 2014 of CDP U.S. cities responses  Tax base, debt levels and management quality  Climate change impacts can pose significant risks to U.S. municipalities that should be considered by municipal market analysts  CDP data can be used to better assess long-term risks posed by climate change  Additional ESG data are needed to cover the 50,000 municipalities in the U.S. as well as other non-governmental issuers like utilities and water authorities

18. www.cdp.net | @CDP Open data - data.cdp.net Page 18

19. www.cdp.net | @CDP Page 19 Contact: Katie Walsh, Cities Manager, North America Katie.walsh@cdp.net