Private Equity Interest in EDF Climate Corps at All-Time High

Summer at EDF is always an exciting time as EDF Climate Corps fellows fan out and begin their placements at organizations across the country. This year we're thrilled to see a dozen fellows working with private equity firms and their portfolio companies, the highest number of such placements in a single summer. In total, EDF has now placed 44 EDF Climate Corps fellows in the private equity sector to date.

CC_fellow_photo

CC 2012 fellow Sarah Stern presents her work to CD&R's Daniel Jacobs, left, and Thomas Franco, right

Managing investment dollars equivalent to roughly 8 percent of U.S. GDP, the private equity sector is critical to sharing, replicating and advancing corporate environmental best practices, so it's gratifying to see the level of activity continue to build. New hosts this year include portfolio companies Associated Materials, Avaya, Floor & Décor, Philadelphia Energy Solutions and Taylor Morrison. Private equity firms KKR and Warburg Pincus are also hosting fellows this year, as they have previously.

Since EDF and KKR first partnered in 2008 to launch the Green Portfolio program, KKR’s portfolio companies have achieved more than $900 million in financial impacts while avoiding 1.8 million metric tons of greenhouse gas emissions, 4.7 million tons of waste and 19.5 million cubic meters of water use. Out of this work, EDF developed and made available to companies a free tool for identifying and managing environment, social and governance (ESG) issues.

As to Warburg Pincus, for the second year in a row they are sponsoring an EDF Fellow to work with several portfolio companies during the summer on energy efficiency and sustainability projects.

Watch this space later this summer for updates on this year's EDF Climate Corps fellows as they find ways to save money and reduce emissions by cutting energy waste, making the case that what is good for our planet is good for business. Their success is the best evidence of the strategic shift among investors, who increasingly recognize ESG management as a powerful tool for improving investment practices and creating value for both companies and the environment.

Also of interest: Private Equity Firms Realize the Value of Participating in EDF Climate Corps

 

Big Ideas on Display with Verizon Ventures

At the invitation of Alan Scott, Verizon’s leader of energy and sustainability, I was thrilled to participate in the Verizon Ventures Powerful Answers Award Dinner two weeks ago, a gathering of entrepreneurs, sustainability executives from large corporations, and nonprofit leaders.

Verizon Powerful Answers Award

The dinner was part of the run-up to Verizon's multi-million dollar global competition for creative solutions to the world's problems in the areas of education, healthcare, sustainability and transportation. The competition, for which the entry deadline is June 30th, rewards innovators for finding more efficient, sustainable, and accessible solutions that lead to better outcomes.

It was fascinating to hear the variety of conversations in the room, which appropriately was held at Foreign Cinema restaurant, a San Francisco Bay Area restaurant known for its sustainable practices. Across the evening, two key themes resonated with me: cross-learning and networks.

Read more

EDF Climate Corps fellows – right where they need to be

EDF Climate Corps on Years of Living Dangerously

Watch the episode featuring
EDF Climate Corps
Monday May 26th at 8 pm on Showtime

When the producers of Years of Living Dangerously – Showtime’s groundbreaking new series about climate change – were looking for a story of hope, they turned to EDF Climate Corps. The series, which brings the reality of climate change into your living room every Monday night, does not spare the viewer the devastating impact on people of wildfires, superstorms and droughts. But it also shows how people can be part of the solution to climate change. The three EDF Climate Corps fellows featured in this Monday’s (5/26) episode are protagonists in that story of hope. They show how saving energy benefits both the environment (by cutting carbon emissions) and the bottom line.

One exchange that Showtime caught on camera goes something like this:

Jessica Alba:  “Can you can walk into any organization and tell them how to save energy and money?”

Climate Corps fellow:  “Yes.”

EDF Climate Corps fellows are turning up in all kinds of interesting places this year. In January, Tyrone Davis joined the first lady to watch the State of the Union address. This month, fellows will appear on television to give people hope about solutions to climate change. And this week, we announced the 2014 class of Climate Corps fellows – 117 top grad students chosen from close to 700 applications – all going to where the biggest opportunities are to save energy.

EDF Climate Corps Working in Key Geographies

This year, we’ll have six Climate Corps fellows in China, now the world’s biggest emitter of greenhouse gas. About two-thirds of our 117 engagements will be in the nine U.S. states that consume over 50% of the nation’s energy. And 16 of those will be in Chicago accelerating progress toward the city’s 20% energy reduction goal.

EDF Climate Corps Helping Key Sectors 

Climate Corps fellows continue to work in large commercial buildings like the Merchandise Mart in Chicago. But we’ve also expanded the sectors in which we work to include manufacturing (with Legrand, Lockheed Martin and Owens Corning), cities (Baltimore, Boston and Los Angeles) universities (Clark Atlanta and the University of Texas Southwest Medical Center), data centers (RBS Citizens and Comcast), utilities (Pacific Gas & Electric), and even military bases (US Army at Fort Bragg).

EDF Climate Corps Tackling Diverse Projects

The 2014 class of Climate Corps fellows are working on a wider range of projects than ever before. About half will be working on building energy efficiency. The rest of the projects include:

  • Energy strategy, data management and employee engagement
  • Water efficiency – implementing the unique toolkit that EDF developed with AT&T
  • Supply chain logistics – integrating our expertise in green freight and operating more efficient warehouses

EDF Climate Corps is recruiting, training and deploying the sustainability leaders of tomorrow; a viral solution that gives us hope that we can bend the curve on carbon emissions and avoid the worst impacts of a warming world. But don’t just take my word for it. Tune into “Years of Living Dangerously” on Monday May 26th at 8pm on Showtime. See for yourselves how our fellows helped Caesars Entertainment Corporation, Texas Southern University and Office Depot scale their energy management efforts.

 

Also of interest:

Years of Living Dangerously: Two producers, coffee and a vision for climate action

Behind the Showtime cameras with EDF Climate Corps fellows

EDF Climate Corps, creating a new generation of leaders

 

Buzz from GreenBiz Forum 2014

GreenBiz-2014-1024x702
Last week, I had the pleasure of joining hundreds of leading sustainability and energy practitioners at the 2014 GreenBiz Forum. For those who were unable to attend, I wanted to call your attention to three themes that I noticed buzzing throughout the conference. For those who joined me at the Forum, I hope you’ll  add your perspective in the comments below.

1: Align Your Policy Efforts With Your Sustainability Goals

I was struck by an emphatic talk by Anne Kelly from Ceres Bicep. She emphasized the need for green business leaders to get involved in policy and to influence their company’s decisions on lobbying. She urged the leaders in the room to envision the future of green business and drive us there. Read more

Meet the sustainability leaders of tomorrow

Here at EDF Climate Corps we have the ability to glimpse into the future and see what the next generation of business leaders looks like.

CC-group

They are passionate about creating a new business model where the bottom line and sustainability go hand in hand. They are well studied in building sustainable supply chains, energy management, reducing water use and responsible freight logistics. And they have incredible tools in their toolkits to build sustainable financial models and do in-depth analysis of energy use across companies.

As we look across the nearly 700 graduate students who are vying for EDF Climate Corps fellowships this summer, we can’t help but be impressed at the depth and diversity of this pool of applicants. Here’s a snapshot:

  • 5+ years of work experience
  • 3 years of project management experience
  • 2.5 years of sustainability/energy experience
  • 31% are engineers
  • 62% are MBA students
  • 27% have dual degrees
  • 23% are international
  • 43% speak a second language Read more

EDF named “Trusted Leader” in Inaugural GreenBiz NGO Report

Environmental Defense Fund (EDF) is honored to be ranked by GreenBiz as one of the three trusted leaders among environmental nonprofits, along with World Wildlife Fund (WWF) and The Nature Conservancy (TNC) – truly excellent company.

Murray_Tom

In its inaugural NGO Report, GreenBiz asked hundreds of sustainability executives from large corporations to rate and rank 30 leading NGOs in terms of influence, credibility and effectiveness. GreenBiz charted the responses and grouped the NGOs in four categories:

  • Trusted Partners – Corporate-friendly, highly credible, long-term partners with easy-to-find public success stories
  • Useful Resources – Highly credible organizations known for creating helpful frameworks and services for corporate partners
  • Brand Challenged – Credible, but not influential, organizations
  • The Uninvited – Less broadly known groups, or those viewed more as critics than partners Read more

Meeting Retrofit Chicago’s Energy Goals: 3 Key Constituencies

Following the lead of mayors and governors across the country, last month the President announced energy as a priority for the year. By focusing on energy management, organizations are contributing to the transformation of energy use in the country, saving billions in energy costs and cutting greenhouse gas emissions.

Mayor Rahm Emanuel’s Retrofit Chicago initiative, aimed at reducing participating buildings energy use in the city by 20 percent within the next five years, is a compelling example of this. For this reason, EDF Climate Corps, an innovative summer fellowship program that places specially trained graduate students in organizations to save energy and related costs, is working to recruit organizations in Chicago this month.

To ramp up energy savings in the area, EDF Climate Corps has already signed on AT&T, McDonald’s Corporation, Shorenstein Properties and Jones Lang LaSalle. Each summer, EDF Climate Corps fellows evaluate organizations for energy savings opportunities with many of them uncovering stakeholder engagement as a key savings opportunity.

After 400 EDF Climate Corps engagements, the program has found that there are three key constituencies to tap into for energy management:

Read more

EDF Climate Corps – Creating a New Generation of Leaders

Tyrone Davis

Tyrone Davis

In his State of the Union Address last night, President Obama offered a new twist on the customary pronouncement on the nation’s health, saying “it is you, our citizens, who make the state of our union strong.”

Seated in the gallery with the First Lady were some shining examples of those citizens.  One of them was former EDF Climate Corps fellow, Tyrone Davis.

Tyrone is from Winston-Salem, NC, and has been legally blind since the age of nine.  Despite his vision loss, he ran cross-country and track in high school, and received a political science degree and Masters of Public Administration from North Carolina State University.  He developed an interest in environmental issues during his time as an undergraduate, which led him to apply for an EDF Climate Corps fellowship in 2010. Read more

Is there a ray of environmental optimism?

First there were the producers of “Years of Living Dangerously”, who wanted to end their ground-breaking documentary on an optimistic note. Next, President Obama and the First Lady invited former EDF Climate Corps fellow Tyrone Davis to the State of the Union address.

It seems like everyone is coming to EDF Climate Corps to find that one, important ray of hope when talking about climate change. Could we be onto something here?

The answer is yes. EDF Climate Corps does represent hope for a more environmentally secure future. Why? Because we are tapping into the country’s brightest and most passionate graduate students to create a ripple effect of environmental change in the corporate sector, in cities, and in universities. This is the generation that will change the planet with a new approach to leadership that balances profitability with sustainability. President Obama said it nice and loud, “The debate is settled. Climate change is a fact.” The new generation of leaders understand that we need to find ways to provide goods, food and services for an exploding population without decimating our planet. They’ve got the passion. EDF gives them the tools. Now they’re getting the exposure they deserve.

Case in point:

Gina McCarthy and Tyrone Davis of EDF Climate Corps

We are all incredibly proud of Tyrone’s work and the well-earned attention he has brought to the next generation of leaders.

Look for “Years of Living Dangerously” to debut on April 13th at 10pm on Showtime.

Along with new EDF Climate Corps hosts, new project offerings in 2014

CC-200x300Environmental Defense Fund unveiled today the first group of participating organizations to sign on for EDF Climate Corps 2014, along with a revamped list of smart energy management offerings the program will provide for them. New host organizations including Starwood Hotels & Resorts Worldwide, Dow Chemical Company and Jackson Family Wines join veteran participants like AT&T, Shorenstein Properties, PepsiCo, Caesars Entertainment and McDonald’s in choosing EDF Climate Corps as a cost-effective resource to advance organizational energy management. Read more