tbli group™ presentation

© TBLI Group™ BOX CONSULTS 20/02/09

ESG INVESTMENT

The Ultimate Killer App

Robert RubinsteinTBLI GROUP™

Saturday, February 21, 2009


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


http://www.tbli.org

http://www.tbli.org


AGENDA

Definitions

Forces pushing ESG

Why inevitable?

Overview of Sustainable Investment

Green New Deal

Low hanging fruit opportunities



Risk

Te Opportunity



OVERVIEW:PAST & PRESENT

SITUATIONS



Money Flows



LEVEL PLAYING FIELD



GOVT. ROLE



23 ©Brooklyn Bridge-Connections to the Future



WHY SO SMALL?



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



5%

95%

100% > 5%



“Green is Good Business”

Montana Governor Brian Schweitzer



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?



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



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



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



Environmental Risk Becoming Mainstream



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


http://www.dexia.com/

http://www.dexia.com/

http://www.mizuho-fg.co.jp/english/csr/environment/equator/equator_eng.html

http://www.mizuho-fg.co.jp/english/csr/environment/equator/equator_eng.html

http://www.anz.com/

http://www.anz.com/

http://www.dnbnor.com/

http://www.dnbnor.com/

http://www.millenniumbcp.pt/

http://www.millenniumbcp.pt/

http://www.bradesco.com.br/ri/eng/

http://www.bradesco.com.br/ri/eng/

http://www.dresdner-bank.de/

http://www.dresdner-bank.de/

http://www.nabgroup.com/

http://www.nabgroup.com/

http://www.brounet.com.uy/

http://www.brounet.com.uy/

http://www.eandco.net/

http://www.eandco.net/

http://www.nordea.com/

http://www.nordea.com/

http://www.bb.com.br/

http://www.bb.com.br/

http://www.ekf.dk/

http://www.ekf.dk/

http://www.nedbankgroup.co.za/

http://www.nedbankgroup.co.za/

http://www.e-galicia.com/

http://www.e-galicia.com/

http://www.edc.ca/english/social_environment.htm

http://www.edc.ca/english/social_environment.htm

http://www.rabobank.com/

http://www.rabobank.com/

http://www.itau.com.br/

http://www.itau.com.br/

http://www.financial-bank.com/

http://www.financial-bank.com/

http://www.rbc.com/environment/index.html

http://www.rbc.com/environment/index.html

http://www.bankmuscat.com/

http://www.bankmuscat.com/

http://www.fmo.nl/

http://www.fmo.nl/

http://www.scotiabank.com/

http://www.scotiabank.com/

http://www.bankofamerica.com/

http://www.bankofamerica.com/

http://www.fortis.com/

http://www.fortis.com/

http://www.sebgroup.com/

http://www.sebgroup.com/

http://www.bmo.com/

http://www.bmo.com/

http://www.hbos.co.uk/

http://www.hbos.co.uk/

http://rse.socgen.com/

http://rse.socgen.com/

http://www.bk.mufg.jp/english/society/eco.html

http://www.bk.mufg.jp/english/society/eco.html

http://www.hsbc.com/public/groupsite/csr/en/_csr_overview.jhtml

http://www.hsbc.com/public/groupsite/csr/en/_csr_overview.jhtml

http://www.standardchartered.com/corporateresponsibility/cus_eqpp.html

http://www.standardchartered.com/corporateresponsibility/cus_eqpp.html

http://www.barclays.com/responsibility/

http://www.barclays.com/responsibility/

http://press.hypovereinsbank.de/cms/sustainability/equator_principles.html

http://press.hypovereinsbank.de/cms/sustainability/equator_principles.html

http://www.smfg.co.jp/english/responsibility/environment/equator.html

http://www.smfg.co.jp/english/responsibility/environment/equator.html

http://ws1.grupobbva.com/TLBB/tlbb/jsp/ing/home/index.jsp

http://ws1.grupobbva.com/TLBB/tlbb/jsp/ing/home/index.jsp

http://www.ing.com/CorporateResponsibility

http://www.ing.com/CorporateResponsibility

http://www.td.com/

http://www.td.com/

http://www.bes.pt/iipl.asp?srv=1100&etp=1&ctxnav=32118

http://www.bes.pt/iipl.asp?srv=1100&etp=1&ctxnav=32118

http://www.intesasanpaolo.com/

http://www.intesasanpaolo.com/

http://www.rbs.com/corporate01.asp?id=CORPORATE_RESPONSIBILITY

http://www.rbs.com/corporate01.asp?id=CORPORATE_RESPONSIBILITY

http://www.calyon.com/

http://www.calyon.com/

http://www.jpmorganchase.com/

http://www.jpmorganchase.com/

http://www.ir.unibanco.com/

http://www.ir.unibanco.com/

http://www.cajanavarra.es/

http://www.cajanavarra.es/

http://www.kbc.com/fs_index.asp

http://www.kbc.com/fs_index.asp

http://www.wachovia.com/

http://www.wachovia.com/

http://www.cibc.com/

http://www.cibc.com/

http://www.kfw-ipex-bank.de/

http://www.kfw-ipex-bank.de/

http://www.wellsfargo.com/

http://www.wellsfargo.com/

http://www.cifidc.com/

http://www.cifidc.com/

http://www.lacaixa.es/

http://www.lacaixa.es/

http://www.westlb.de/sustainability

http://www.westlb.de/sustainability

http://www.citigroup.com/citigroup/

http://www.citigroup.com/citigroup/

http://www.lloydstsb.co.uk/

http://www.lloydstsb.co.uk/

http://www.westpac.com.au/internet/publish.nsf/Content/PB+HomePage

http://www.westpac.com.au/internet/publish.nsf/Content/PB+HomePage

http://www.corpbanca.cl/

http://www.corpbanca.cl/

http://www.manulife.com/corporate/corporate2.nsf/Public/Homepage

http://www.manulife.com/corporate/corporate2.nsf/Public/Homepage

http://www.credit-suisse.com/en/corporate_citizen/sustainability.html

http://www.credit-suisse.com/en/corporate_citizen/sustainability.html

http://www.mcc.it/finanza_strutturata/index.html

http://www.mcc.it/finanza_strutturata/index.html


Show me the money

$700 billion US Government

€600 billion Germany

€500 billion UK

€500 billion France

€250 billion Netherlands



FUTURE DIRECTION

Equator Principles=Project Financing

UNEP PRI= Public Equity

TBLI=Private Equity, Debt Financing, Alternative Investments



THE FINANCIAL HERD IS FORMING



SUSTAINABLE INVESTMENT

Instruments & Asset Classes



SUSTAINABLE PORTFOLIO

StocksBondsReal EstateMicrofinancePrivate EquityAlternatives (Carbon Finance, Water, Forests)



“SRI is not a niche market,

but a big party - we are just

early.”Robert Rubinstein, TBLI Group



SRI Growth

€0B

€750B

€1,500B

€2,250B

€3,000B

CoreBroad SRI-Engagement



2003

2005

2007



SRI Growth



What is Microfinance?



Micro-finance Growth

€0B

€50B

€100B

€150B

€200B

MarketDemand

MarketDemand

2006

2008 ©CGAP 2008



What is Cleantech?



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



Triple Convergence

Greenhouse Gas Emission Reduction

Renewable Energy Negawatts/ Energy Efficiency

©Global Change Associaties



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



Cleantech Data

Cleantech Investment Monitor 2q 2008



Cleantech Data

Source Cleantech Group



How much fresh water is there?



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.



Performance

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Which Asset Class offers best TBLI

returns that incorporate many

sustainable developments, and is poised to grow

massively?Saturday, February 21, 2009


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



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.)



Carbon Market



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



“Do or do not... there is no try.”YODA



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?



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



www.tbli.org


http://www.tbli.org

http://www.tbli.org

tbli group™ presentation

Economy & Finance