Corporate GHG Commitments & Advocacy for State Climate and

Energy Policies

2018 NASEO Energy Policy Outlook

Alli Gold Roberts

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Ceres is transforming the economy to build a sustainable future for people and the planet.

Investor Network130+ investors representing

$17 trillion AUM

Nonprofit Network100+ environmental,

social and labor groups

Policy Network (BICEP)

40+ leading companies

Company Network60+ companies in

more than 20 sectors

Who we are

Ceres State Policy Priorities

• De-carbonization of the Electricity Sector– Renewable Portfolio Standards– Energy Efficiency Resource Standards

• Corporate procurement of renewable energy – Access to Power Purchase Agreements, green pricing programs,

community solar and direct procurement

• Carbon Pricing – CA’s Cap-and-Trade, RGGI, Transportation Climate Initiative, etc.

• Clean Transportation – Low Carbon Fuel Standards– Protecting ZEV mandate and CA’s waiver– EV incentives and infrastructure

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Ceres Policy Network (BICEP)Business for Innovative Climate & Energy Policy (BICEP) is an advocacy network

of businesses committed to working with policymakers to pass meaningful energy and climate legislation that is consistent with our core principles.

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Corporate Commitments

• 63% of Fortune 100 and 48% of the Fortune 500 have a greenhouse gas reduction, renewable energy or energy efficiency target

63%57%

48%

39%

0%

10%

20%

30%

40%

50%

60%

70%

F100 F250 F500 F251-500

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Percentage of U.S. Fortune 500 with Targets by Sector

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Corporate GHG Commitments

• 339 companies committed to ‘science-based targets’

• Another 864 companies have stated their intention to adopt a science-based target within 2 years

• Multiple approaches: sector-based, absolute-based & economic-based

• Companies are committed to playing their part in state, national and international efforts to limit global temperature rise

Corporate Ambition

• RE100: 123 companies committed to go '100% renewable’

• EP100: over a dozen companies committed to doubling their energy productivity

• EV100: over a dozen companies committed to accelerating the transition to electric vehicles (EVs) and making electric transport the new normal by 2030.

Business Case for GHG Reductions

• Ability to reduce energy costs• Diversification of energy supply• Locking in long-term energy price stability to hedge

against energy market volatility • Meeting demand from investors and customers• Demonstrating corporate leadership, innovation, and

competitive first-mover advantage• Reduce regulatory uncertainty

CorporateRenewableDeals2012– 2017

Copyright2017byRockyMountainInstituteFormoreinformation,pleasevisithttp://www.businessrenewables.org/ orcontactBRC@RMI.org

PubliclyannouncedcontractedcapacityofcorporatePowerPurchaseAgreements,GreenPowerPurchases,GreenTariffs,andOutrightProjectOwnershipintheUSandMexico,2012– 2017.Excludeson-sitegeneration(e.g.,rooftopsolarPV)anddealswithoperatingplants.Lastupdated:January5,2018.

Apple

Google

Apple

Apple

USDelphiAutomotiveVolkswagen

GoogleMicrosoft

BectonDickinson Facebook

IKEA

Google

Mars

AppleMicrosoftWalmart

Yahoo IKEA

AerojetRocketdyne

Apple

GoogleProcter&GambleGeneralMotors

KaiserPermanente

KaiserPermanente

DowChemical

Walmart

AmazonAmazon

Cisco

FacebookAmazonSwitchHPE

EquinixProcter&Gamble

EquinixEquinix

OwensCorningOwensCorning

Amazon

GoogleApple

Switch

Bloomberg

Google

Google

Google GeneralMotorsCorningPhilips

Salesforce

Salesforce

LockheedMartin

Steelcase

3MGoogle

IronMountain

WalmartDigitalRealtyAmazon

Johnson&Johnson

Apple

IronMountain

GeneralMotors

Amazon

MicrosoftAmazonAmazon

AveryDennison

PayPalApple

FacebookSolvay

Anheuser-BuschInBev

DeAcero

PartnersHealthCa

reT-Mobile

AppleApple

AkamaiTechnologies

GeneralMillsGoldmanSachs

TargetCumminsT-MobileJPMorgan

Anheuser-BuschInBevKimberlyClarkKimberlyClarkGeneralMotorsGeneralMotors

FacebookDSM

GoogleGoogleGoogle

DigitalRealty

DigitalRealty

0.07

0.77

1.20

3.26

1.61

3.11

0.0

0.5

1.0

1.5

2.0

2.5

3.0

2012 2013 2014 2015 2016 2017

Capacity(GW)

Policies Enabling Corporate Procurement

• Direct purchasing pathways: direct access / electric choice, onsite PPAs, offsite PPAs, green tariffs, shared renewables, CCAs

• Support policies: Wind siting regulations, tax incentives, net metering, permitting, PURPA, interconnection policies

• Indirect policies: RPS, carbon pricing and regulations, ISO/RTO expansion

Source: World Resources Institute http://www.wri.org/upload/greentariffs/

Utility Renewable Energy Deals

At Least 26 States+ Washington DC and Puerto Rico Authorize or Allow 3rd Party Power Purchase Agreements for Solar PV

3rd Party Solar PV Power Purchase Agreement (PPA)

www.dsireusa.org / April 2017

Apparently disallowed by state or otherwise restricted by legal barriers

Status unclear or unknown

U.S. Territories

DCVA: Limited capacity

CO: With system size limitations

TX: With system size limitations

NV: With system size limitations

AZ: Limited to certain sectors

Authorized by state or otherwise currently in use, at least in certain jurisdictions

Guam USVIPR NMI

LA, MS, SC: Solar leases explicitly allowed

Third-Party PPAs

Offsite Virtual PPAs

Source: Schneider Electric

Corporate Advocacy in States

As major employers and large electricity consumers in Virginia, we write to support

progress to date, and to express our support for increased and diversified renewable

energy supplies in Virginia. We also write to ask for an explicit legal framework allowing companies choices to procure, lease, and access renewable energy resources from the state’s utilities and from private third-

party sellers.

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Corporate Advocacy in States

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• 1700 + Businesses and Investors from all 50 states• 35+ Fortune 500’s• 215+ with >$100M (business) or > $5B (investor)• 2500+ Total Signatories (330+ Higher Education, 250+ Cities &

Counties, 9 States, 210+ Faith Communities, 180+ Tribes)

wearestillin.org

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Alli Gold Robertsgoldroberts@ceres.org

@alligroberts

For more information, visit us:www.ceres.org

@CeresNews