CONFRONTING A NEW REALITY 2019-2020 WRI ANNUAL REPORT Our Mission and Values

WRI is a global research organization that works closely URGENCY with leaders to turn big ideas into action at the nexus of Change in human behavior is urgently needed to end the environment, economic opportunity and human well-being. scourge of poverty and reverse accelerating environmental deterioration. Our Mission is to move human society to live in ways that protect Earth’s environment and its capacity to provide for INTEGRITY the needs and aspirations of current and future generations. Honesty, candor and openness guide our work to ensure credibility and build trust. INNOVATION “I look forward to building on WRI’s To lead change for a sustainable world, we must be creative, foundation in Africa to set a vision forward thinking, entrepreneurial and adaptive. and direction to address urgent INDEPENDENCE environmental issues as we support Our effectiveness depends on work that is uncompromised sustainable, equitable economic by partisan politics, institutional or personal allegiances, or sources of financial support. growth across the continent.” -Wanjira Mathai, RESPECT Vice President and Regional Our relationships are based on the belief that all people Director for Africa, WRI deserve respect. Table of Contents

Our Global Reach...... 4 WRI’s 2019 Top Outcomes ...... 6 Looking Back/Looking Forward...... 8 Global Challenges...... 10 Thanking Our Donors ...... 28 WRI Boards and Leadership...... 44 Operations and Finance...... 48 Ways to Give/Get Involved ...... 52

“In these times, WRI’s mission is more critical and urgent than ever. We must protect people today, as we tackle longer term challenges to the environment, climate and sustainability. We must build stronger, more resilient communities for everyone.” -David Blood, Co-founder and Senior Partner, Generation Investment Management; Co-Chair, WRI Global

Annual Report 2019-2020 | 1 A New Reality

We are at a unique and troubling Goals—were forged when world leaders This must now change. The crisis just moment in history. As I write this came together, put aside individual might provide a once-in-a-generation letter, the coronavirus continues to agendas and agreed to tackle massive opportunity to reset the social contract spread, posing grave danger to people, collective action issues. But since then, between citizens, governments and undercutting the global economy and we’ve seen a fracturing of this spirit, a corporations—one founded on a new disrupting our way of life. deterioration of trust and a weakening of commitment to support the vulnerable, This year, 2020, was supposed to be global cooperation. protect natural systems and address one of crucial decisions on climate, biodiversity and the ocean. Progress is now more difficult in the near term. But at a deeper level, the current crisis could open the door for important change. The pandemic reminds us that we are all more vulnerable than we thought, that we need to radically improve our capacity to assess, reduce and manage risk, and that solving global problems requires global cooperation. We must emerge from the current crisis with a clear understanding that there is a better way. Two of the signature moments of international diplomacy in the last decade—the Paris Agreement and the Sustainable Development The residents of Mapati, Republic of Congo display the participatory map they produced with WRI and CDHD.

2 | World Resources Institute common threats together. We shouldn’t with offices in 11 countries; invested On behalf of WRI’s Board and staff, count on this, of course. History reminds heavily in best-in-class data systems; I would like to express our deepest us that crises can bring us together sharpened our focus on economic appreciation to our partners and or push us apart. Crises can lead to development, and worked intensively supporters—all of you—for standing with cynicism and a “looking inward,” or to with partners to create a set of platforms us through good times and bad. Our a determination to “build back better.” that promote system-wide change mission is more critical and urgent than At WRI, we will work hard to achieve across key sectors. ever. Thank you for supporting us as we the latter. The crisis has again reminded us all seek to become even more effective in For example, we are working to ensure that it is the poor who are least able these precarious times. the trillions of dollars that will be spent to protect themselves and who suffer to reboot economies around the world most. At WRI, we are reinforcing our will not simply build back the same focus on the vulnerable. We are also vulnerable, high-carbon, unequal scaling up our work in Africa and are paths of the past, but promote new especially pleased that Wanjira Mathai approaches, new technologies, more has recently joined WRI, as our Vice and better jobs, and the achievement of President and Director for Africa. the Sustainable Development Goals. This report seeks to bring to life some WRI is well placed to work with our of the exciting impacts of the past year, partners during the make-or-break and some of our plans for the coming years ahead. Over the past decade, years. We are very proud of the work of we’ve greatly expanded our capacity: our 1,000 highly professional staff and Andrew Steer internationalized our operations, now our many partners. President & CEO Washington, DC April 6, 2020

Annual Report 2019-2020 | 3 OUR GLOBAL REACH

WRI’s presence spans five continents,

with international offices and “More than ever, the world needs sharp solutions regional hubs forming a global rooted in evidence, which is what I hope to network, united by shared values deliver alongside the WRI China team.” and common goals that aim to drive -Fang Li, systemic change in response to Chief Representative, WRI China urgent environment challenges while creating opportunities for inclusive growth and prosperity for all.

London The Hague

Istanbul Beijing Washington, DC

New Delhi Mexico City Mumbai Bengaluru Addis Ababa

Kinshasa Jakarta

São Paulo Porto Alegre

International O iceRegional HubProgram O ice 4 | World Resources Institute AFRICA | WRI Africa’s new strategy aims to spur sustainable INDIA | WRI India provides cutting-edge research and economic transformation. It’s supported by three pillars: Vital analysis to inform the approach of government officials and Landscapes that focus on rural areas, forest protection and business leaders with a focus on sustainable cities, energy, restoration, and water and energy access; Thriving Resilient forests and climate. Our work aims to help improve the Cities, bringing together sustainable urban areas, water, energy incomes and well-being of the urban and rural poor—in a and climate; and Institutional and Economic Transformation to manner that is inclusive, sustainable and resilient. support governance and policy reform.

INDONESIA | WRI Indonesia is working with government BRAZIL | In the face of a challenging political context, officials at national and local levels to advance sustainable WRI Brasil is expanding its efforts to make the economic economic growth through Indonesia’s new Low Carbon case for more inclusive low-carbon action. Working with Development initiative. WRI Indonesia is also working to foster leaders of states, cities and city associations, WRI Brasil is sustainable agriculture production and protect intact forests, also working to intensify the drive for people-centered urban while expanding clean energy access and enhancing food communities and unlock the potential of forest restoration. security.

CHINA | China’s progress on climate change will help MEXICO | WRI México focuses on four key areas—climate, shape the global response. WRI China is supporting the shift cities, forests and energy—to inform the planning and toward a low-carbon economy, while tackling water issues implementation of sustainable urban design, expand the and encouraging environment-smart urban development. electrical vehicle fleet, protect forests, restore rural landscapes WRI China is also conducting analysis and outreach to and increase access to clean energy. Our team works with improve the sustainability of the Belt and Road Initiative. federal and local governments and the private sector to spur greater climate ambition in Mexico and across Latin America.

EUROPE | As the European Green Deal aims for a climate-neutral EU by 2050, WRI Europe works to inform UNITED STATES | Despite environmental rollbacks the continent’s intellectual, leadership and financing role in by the current administration, WRI U.S. supports state and development and environmental issues. Staff in The Hague local action, working with members of Congress to lay the and London work on WRI’s core issues, including a circular groundwork for future legislation. We provide independent economy, food, cities, the ocean, water and climate, along analysis and recommendations to help cities and businesses with fundraising and communications. accelerate renewable energy procurement, electrify vehicles, improve energy efficiency in buildings and spur innovation.

Annual Report 2019-2020 | 5 WRI’s 2019 Over 100 countries commit to enhance NDCs in 2020; 65 are supported by the TOP OUTCOMES NDC Partnership WRI’s research and outreach helped At WRI, we measure our success by our outcomes: significant actions mobilize and equip countries to commit by governments, companies and civil society, informed by our work, that to increased climate ambition. The NDC improve people’s lives and the environment . Each year, our leadership Partnership, of which WRI is a member, provides technical assistance and selects the biggest outcomes which WRI’s staff has contributed to— funding to help developing countries our Top Outcomes . implement and enhance their NDCs. Our 2019 Outcomes highlight innovations in public policy, business Food providers serving nearly a strategy and investments at the local, national and global levels . They billion meals per year commit to the are made possible by cutting-edge research, analysis and strategic Cool Food Pledge partnerships in dozens of countries around the world . WRI and partners are helping hotels, restaurants, hospitals and other dining facilities cut their food-related greenhouse gas emissions by 25% “WRI’s Top Outcomes reflect the kinds of shifts we need by 2030—and save money—by serving more plant-based dishes and to make in order to transform our global systems. championing “delicious climate action.” We need to find a better way forward—one that is secure, low-carbon and resilient.” Over 100 companies monitor commodity- -James Harmon, related deforestation in their supply Chairman, Caravel Management LLC; chains and investments Co-Chair, WRI Global Board of Directors The Global Forest Watch Pro online mapping tool helps large companies

6 | World Resources Institute and local NGOs understand, report Cities in the U .S . and companies in mainstream low-carbon development on and help eliminate deforestation China and Mexico lead a shift to and its numerous economic benefits by by agricultural commodity suppliers in renewable energy making climate action central to its new more than 90 countries. five-year national development plan. WRI helps accelerate demand for The Global Commission on Adaptation renewable energy through new Bogotá and Medellín, Colombia, and coalitions, such as supporting the city elevates climate adaptation’s political Santiago, Chile, adopt Latin America’s of Cincinnati on a deal for the largest profile and catalyzes major commitments municipal solar array in the U.S. and largest electric bus fleets WRI and partners recruited high-profile helping companies in China and Mexico WRI provided technical assistance to champions to bring greater visibility set examples for their peers. plan for and procure nearly 1,000 electric to climate change adaptation through buses, including the two largest fleets a new report and a Year of Action Over 280 companies set ambitious outside China. The new buses will lower focused on accelerating revolutions in targets to reduce greenhouse gas operating costs and improve local air understanding, planning and finance for emissions in their value chains quality while also reducing greenhouse adaptation in key economic sectors. gas emissions. By the end of 2019, the Science Based Four iconic cities around the world and Targets initiative validated targets from The U .S . government allocates $60 million companies with a combined market four states in India and Mexico save lives to develop carbon removal technology capitalization of over $9 trillion. They will on the road work to reduce emissions throughout WRI helped make the case for federal WRI and partners have helped their value chains, spurring other support to develop direct air capture governments adopt comprehensive companies to follow. and other carbon removal technologies road safety plans and regulations that take carbon out of the atmosphere, that have reduced vehicle speed Indonesia adopts its first Sustainable which could play a pivotal role in and improved road design to make Development Plan, informed by stabilizing the global climate by streets less car-centric and safer for WRI’s analysis mid-century. pedestrians and cyclists. WRI led a research consortium to support Indonesia’s efforts to

Annual Report 2019-2020 | 7 WRI had 316 sta and one oicial WRI Europe WRI helps forge the Paris WRI exceeds 1,000 oice outside the GHG Protocol “Scope 3” Agreement and Sustainable sta with 50% U.S., in Beijing WRI India Standards WRI Brasil WRI Indonesia Development Goals WRI México WRI Africa outside the U.S. 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Reefs at Risk Sustainable Cities Aqueduct Water WRI Ross Center for AFR100 NDC Partnership WRI supports the Sustainable Ocean Global Commission Revisited Report Initiative, in Beijing Risk Atlas Sustainable Cities New Urban Agenda Initiative on Adaptation Science Based New Climate Economy Targets initiative P4G Initiative 20x20 Resource Watch

Global Forest Watch

Looking Back: The 2010s WRI grew in size and reach, with expansion to new geographic regions, undertook groundbreaking economic research on the benefits of climate action, created new and unusual partnerships to drive change at scale and gave extensive support for the landmark international agreements of this era.

Global Growth: The Institute expanded from one full-time Support For Big Ideas: Our trusted research and analysis international office outside the United States to offices in 11 informed critical aspects of two of the decade’s landmark countries on five continents. global agreements: the Paris Agreement and Sustainable Incisive Data Tools: Aqueduct’s Water Risk Atlas, Global Development Goals. Forest Watch and Resource Watch are in the vanguard of Platforms That Drive Impact: WRI brought together unusual WRI’s online information platforms, built to get timely data and partners to create political momentum to scale our work and insights into the hands of decision-makers who need them. deliver transformative change in the world.

8 | World Resources Institute WRI had 316 sta and one oicial WRI Europe WRI helps forge the Paris WRI exceeds 1,000 oice outside the GHG Protocol “Scope 3” Agreement and Sustainable sta with 50% U.S., in Beijing WRI India Standards WRI Brasil WRI Indonesia Development Goals WRI México WRI Africa outside the U.S. 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Reefs at Risk Sustainable Cities Aqueduct Water WRI Ross Center for AFR100 NDC Partnership WRI supports the Sustainable Ocean Global Commission Revisited Report Initiative, in Beijing Risk Atlas Sustainable Cities New Urban Agenda Initiative on Adaptation Science Based New Climate Economy Targets initiative P4G Initiative 20x20 Resource Watch

Global Forest Watch

Looking Forward: The 2020s The stakes couldn’t be higher. Beating climate change, and protecting the world’s forests, ocean, water, and biodiversity, while building back better from the current crisis and promoting a more equal, resilient and healthy future, cannot be achieved by incremental change. Systemic change is required across all key areas of economic life. WRI’s entire program will be directed toward this end, focusing on:

The Economic Narrative: The revolutions required in energy, Coalitions for Transformational Change: Individual agriculture, transport, urban design and manufacturing can be actors cannot solve problems on their own. Coalitions of achieved in a way that increases efficiency, good jobs, good governments, business, finance, civil society and research health and prosperity. can create ambition loops and drive progress toward positive Social Inclusion and Resilience: Successful transformation will tipping points. require engagement of all citizens and a much greater focus on Leadership on the Front Line: Resources to influence change assessing, reducing and managing risk, especially for the poor must be allocated carefully and boldly so they can achieve the and most vulnerable. most transformation at scale. We will place our best staff and resources where they will have the biggest impact.

Annual Report 2019-2020 | 9 FACING THE WORLD’S BIGGEST CHALLENGES

10 | World Resources Institute To turn the tide in this decade, WRI is focused on seven urgent Global Challenges: Food, Forests, Water, Cities, Climate, Energy and the Ocean. To ensure the effectiveness of the solutions we develop, we complement our program work with four Centers of Excellence: Business, Economics, Finance and Governance.

To amplify our real-world impact and catalyze systemic change, WRI creates and manages diverse coalitions that we call Delivery Platforms. The following represent a selection of these platforms: Better Buying Lab, Coalition for Urban Transitions, Food and Land Use Coalition, Global Commission on Adaptation, NDC Partnership, New Urban Mobility Alliance, P4G and Science Based Targets initiative. “This is an unprecedented moment—and yet we The following pages describe these activities in more detail, cannot let despair lead to inaction. We must including highlights over the past year. continue to rise in the face of great challenges, learn from them, and come together as a global community for a brighter future.” –Christiana Figueres, Former Executive Secretary of the United Nations Framework Convention on Climate Change; Global Board Director, WRI

Annual Report 2019-2020 | 11 FOOD Setting a Sustainable Table for 10 Billion People

To sustainably feed a global population that is expected to reach nearly 10 billion by 2050, the Food team focuses on reducing food loss and waste, encourages the shift to plant-rich diets and helps countries transform the way they use land to produce food .

In the past year, WRI’s specialists: Looking ahead, we plan to:

Released a groundbreaking, comprehensive report, Creating a Build on our research and work with countries to transform Sustainable Food Future, on how to sustainably feed the planet their agriculture sectors to produce more nutritious food with while supporting the Paris Agreement climate goals. lower carbon dioxide emissions.

Secured commitments to cut rice losses in half by 2030. Encourage governments to add food loss and waste Rice cultivation accounts for one-sixth of greenhouse gas commitments as part of their national climate plans under emissions from agriculture. the Paris Agreement.

Launched 10x20x30, an initiative bringing together 10 global Marshal a total of 70 organizations, serving more than food retailers and providers to each engage 20 of their 1.5 billion meals, to sign up to the Cool Food Pledge to cut suppliers to halve their food loss and waste by 2030. their food-related emissions.

Worked with nearly 30 organizations serving nearly 1 billion Rollout a behavioral strategy playbook and workshops for meals per year to sign the Cool Food Pledge to cut food- restaurants and food providers to implement strategies that related emissions by 25% by 2030. encourage diners to choose more plant-rich dishes.

Conducted and published new behavioral research that demonstrates how more appetizing language can increase sales of plant-based foods by up to 70%.

12 | World Resources Institute Better Buying Lab The Better Buying Lab brings together about plant-based foods; popularizing leading minds in consumer research, plant-rich “power dishes”; and helping behavioral economics and marketing to companies and other organizations track promote strategies and plans that help the environmental benefits of shifting consumers select sustainable foods, diets over time. specifically plant-based foods, that are In 2019, the Better Buying Lab will build less carbon-intensive to produce than on World Resources Institute’s Shifting meat or dairy products. Diets for a Sustainable Food Future paper This partnership and its members have and the Shift Wheel, a new framework identified three areas where change and based on lessons learned from a range innovation are needed: transforming of successful consumption shifts from how the food industry communicates around the world.

Food and Land Use Coalition The Food and Land Use Coalition benefits for environment, health, (FOLU) is a self-governed community inclusive development and food of more than 60 organizations and security, and shows that benefits far individuals committed to transforming outweigh costs. food and land use for people, nature and FOLU’s three main strategic priorities climate. The Coalition supports science- are: supporting country-level based solutions to unlock collective, transformation of food and land use; ambitious action that can deliver research, analysis and tools that support sustainable development and climate implementation of the integrated reform and biodiversity goals. agenda, and leveraging international Growing Better, the Coalition’s landmark processes and events during 2020 September 2019 report, proposes a and beyond. concrete reform agenda to deliver

Annual Report 2019-2020 | 13 FORESTS Mapping, Protecting and Restoring Nature’s Lungs

Each year, the world loses millions of hectares of tropical forests, which provide critical habitats for biodiversity, food and livelihoods and store carbon to mitigate climate change . To conserve forests and their value for humanity, WRI’s Forests team uses satellite technology to monitor and share information on the state of the world’s forests, through Global Forest Watch; works to restore forests and degraded land, particularly in Africa and Latin America; and promotes policies and technologies to deter illegal logging .

In the past year, WRI’s experts: Looking ahead, we plan to: Launched GFW Pro, an online platform used by more than Introduce WRI’s Global Forest Review, which provides insights 150 companies—including Cargill, Inc., Mondelēz, Olam, P&G, and interpretation of satellite data about the world’s forests in Walmart and Unilever—to identify and reduce deforestation an interactive online format to encourage governments and linked with production of commodities like palm oil, soy and businesses to reduce deforestation. cocoa in their supply chains. Expand Global Forest Watch Pro to more corporate users who Curbed deforestation by equipping over 3 million users want to detect and act on deforestation within complex supply with near-real-time information on Global Forest Watch. chains and investment portfolios. Easy-to-use tools, like the Forest Watcher app, helped block Launch TerraMatch, an online service and mobile app to help illegal logging. match investors with businesses and rural communities with Made forest data more transparent in Paraguay, partnering feasible plans to revitalize forests and farms. with the government, private sector and indigenous Publish research to promote and secure women’s land rights communities to help combat one of the world’s highest within indigenous and customary lands, which can lead to rates of deforestation. better environmental and social outcomes. Published The Road to Restoration: A Guide to Identifying Priorities and Indicators for Monitoring Forest and Landscape Restoration.

14 | World Resources Institute WATER Reducing Risk, Increasing Access to a Vital Resource

WRI’s Water team leverages cutting-edge global maps, data and analysis to identify places with the highest water risk, reduce impacts from floods and droughts, and anticipate and avoid water-related conflict . WRI experts also encourage more investment in nature to strengthen sustainable water management .

In the past year, WRI’s experts: Looking ahead, we plan to: Created and released an update of the Aqueduct Water Risk Identify risks for coastal and riverside communities through Atlas, as well as new Country Rankings and Aqueduct Food. Aqueduct floods, which will help decision-makers understand These tools show which regions and crops face the most water the costs and benefits of investing in protective measures. stress so government and business leaders can make more Better anticipate and avoid conflicts over water through a informed choices to reduce water risks. new Global Conflict Early Warning System, which will enable Conducted an in-depth analysis of Ethiopia’s water supply and governments to better understand the relationship between demand to encourage officials to enhance resilience to climate water and security. change and water stress. Make public water management transparent by compiling and Expanded the Cities4Forests initiative to more than 60 cities— publishing data collected by multinational companies for their including Jakarta, Los Angeles and Mexico City—to encourage business risk assessments. them to better conserve, manage and restore their forests. Support greater climate resilience in cities in Africa by helping Developed new tools to elevate water, peace and security them plan for and manage risks from droughts and floods. on the UN agenda, bringing research before a UN Security Council forum to show that water risks are security risks.

Annual Report 2019-2020 | 15 CITIES Resilient, Inclusive Urban Areas that Put People First

WRI Ross Center for Sustainable Cities seeks to improve the lives of the 3 .5 billion people who now reside in cities, and shift to a zero-carbon urban future that includes more livable neighborhoods, safe and equitable streets and transportation systems, and more efficient use of energy and natural resources .

In the past year, our experts: Looking ahead, we plan to:

Conducted groundbreaking analysis in our flagship report, Deepen our impact in cities in Ethiopia and other cities in Towards a More Equal City, showing how core urban services Africa by mapping public transport, improving urban water for under-served populations can make cities more prosperous resilience and strengthening nature-based solutions. and resilient. Expand affordable and sustainable housing in India by Awarded the first-ever $250,000 WRI Ross Center Prize participating in the Indian government’s Global Housing for Cities to highlight transformative urban initiatives and Technology Challenge. inspire action. Encourage leadership on road safety in Latin America and Aided the expansion of electric bus fleets in the Colombian the Caribbean through the new Vision Zero Challenge, which cities of Bogotá and Medellín and Santiago, Chile, which provides resources and training to decision-makers. now have Latin America’s largest fleets. Inspire solutions to mobility challenges faced by women Informed India’s landmark motor vehicle and road safety law by scaling up projects to combat sexual harassment in to reduce traffic deaths by encouraging legislators to include public transport, such as the citywide policies enacted measures that emphasize road safety, safe infrastructure, in Fortaleza, Brazil. pedestrian access and non-motorized vehicles.

16 | World Resources Institute New Urban Mobility Alliance Inspired by the Shared Mobility This past year, NUMO released its Principles for Livable Cities and New Mobility Atlas, which uses open launched in 2019, NUMO—the New data to track which shared electric Urban Mobility alliance—convenes transportation options—such as diverse allies, works with cities to dockless scooters, bicycles and pilot innovations, and creates online mopeds—are available in cities. The platforms to share data, research and platform, which covers 626 cities in 53 emerging practices. NUMO aims to countries, empowers users to advocate harness technology-based disruptions for sustainable, equitable mobility in transportation to help communities options that are accessible to everyone. become more sustainable, affordable and just.

Coalition For Urban Transitions The Coalition for Urban Transitions providers, strategic advisory companies, (CUT) is a policy- and research-led NGOs and city networks engages with initiative that demonstrates how a rapid national governments to address the shift toward low-carbon cities will not transition to a more prosperous, low- only benefit the climate but also make carbon economy in cities. CUT launched cities more competitive, healthy and fair. a major report, Climate Emergency, Co-managed by WRI and C40 Cities, this Urban Opportunity, in September at the collaboration of more than 35 leading UN Climate Action Summit, which was research institutes, intergovernmental received by the UN Secretary General. organizations, investors, infrastructure

Annual Report 2019-2020 | 17 CLIMATE Bold Action and Better Growth for a Prosperous, Safe Future

To avoid the most severe impacts of climate change, the world must halve global greenhouse gas emissions by 2030 and reach net-zero emissions by mid-century . To advance these goals, WRI’s Climate Program provides technical support, advocates for greater climate ambition among governments, engages in international climate negotiations, and holds countries accountable by measuring and reporting on their progress .

In the past year, WRI’s experts: Looking ahead, we plan to: Provided technical support and guidance that led four Encourage more countries to ramp up their climate countries to enhance their national climate commitments. commitments, including by highlighting progress on Identified breakthrough opportunities for smart climate action enhanced NDCs and long-term climate strategies. that delivers economic and social benefits, including strategies Use political engagement and communications to advocate to cut air pollution and greenhouse emissions in Mexico and to for greater climate action and prevent backsliding in countries promote low-carbon development in Indonesia. where WRI has a significant presence, including China, India, Conducted analysis (in conjunction with Mission 2020) to Indonesia, Mexico, Brazil, the United States, Colombia and evaluate progress toward key milestones the world needs Ethiopia. to reach in 2020 to stay within 1.5–2 degrees C (2.7–3.6 Help India, Fiji and Guatemala access climate finance to degrees F) of global warming. implement and strengthen their NDCs by seconding WRI staff Worked with the CEO Climate Dialogue, which includes 18 to finance ministries to ensure that action on climate change is CEOs of Fortune 500 companies, to advance an economy- integrated into their operations. wide price on carbon, based on six guiding principles.

18 | World Resources Institute NDC Partnership The NDC Partnership, comprising by the Netherlands and Costa Rica. WRI more than 100 countries and more than co-hosts the Partnership’s Support Unit, 60 international organizations, works with the UNFCCC Secretariat. to support faster implementation of In 2019, the Partnership launched the Nationally Determined Contributions Climate Action Enhancement Package (NDCs) in member countries, bringing (CAEP) to deliver targeted, fast-track members together to deliver technical support to enhance the quality, increase assistance, knowledge exchange ambition and boost implementation and project finance around public, of NDCs in 65 countries during 2020. government-led plans. More than 40 partners, including WRI, The Partnership was formed in 2016, are delivering this support. WRI also under the co-chairmanship of Morocco manages a technical assistance fund to and Germany and is currently co-chaired support rapid action under CAEP.

Global Commission on Adaptation The Global Commission on Adaptation in 2019 on its flagship report. WRI (GCA) is a group of 30 Commissioners conducted outreach efforts that elevated and 20 convening countries, co- the political visibility of adaptation and chaired by Ban Ki-moon, Bill Gates led to a series of new commitments and and Kristalina Georgieva, which aims initiatives to integrate resilience into to inspire world leaders, business government strategies and economic executives, investors and other systems. In 2020, the Commission is international actors to urgently prepare catalyzing a Year of Action designed to for and respond to the disruptive effects help strengthen communities and spur of climate change. sustainable development in the face of WRI serves as the Commission’s co- mounting climate impacts. managing partner and led research

Annual Report 2019-2020 | 19 ENERGY Clean, Affordable Energy for Everyone

WRI’s Energy team helps businesses, cities and other institutions take the lead to connect more people to clean energy and shows how efficient buildings can improve people’s lives and save money .

In the past year, WRI’s specialists: Looking ahead, we plan to:

Launched the American Cities Climate Challenge Renewables Help utility and government leaders in Vietnam and Indonesia Accelerator, in partnership with Rocky Mountain Institute, an design new renewable energy offerings and implement initiative to train local officials and other individuals in over 100 policies to avoid new fossil fuel power plants. U.S. cities to procure renewable energy. Release the Energy Access Explorer’s powerful visualization Unveiled a new Energy Access Explorer, a state-of-the-art tools in two Indian states and build on our partnerships with platform that leverages satellite imagery combined with public health clinics, schools and farmers in East Africa to expand data to visualize energy access in Kenya, Tanzania their services and productivity using clean power. and Uganda. Support China’s shift to clean energy by engaging with Supported Mexico’s largest retail chain in purchasing nearly provincial governments and making the case for China’s Belt 7 megawatts of renewables to supply its 75 stores through the and Road Initiative to invest in renewable energy infrastructure. Clean Energy Investment Accelerator. Advance decarbonization in cities in India and Mexico by deploying renewable energy for new electric transportation and by improving the efficiency of their buildings.

20 | World Resources Institute OCEAN Turning the Tide for a Sustainable Ocean Economy

The ocean covers two-thirds of the planet, providing food, jobs and livelihoods and absorbing excess carbon emissions . Yet, the ocean faces enormous pressure from demand on its resources as well as from climate change . The Ocean team focuses on safeguarding the global ocean by building political will through the High Level Panel for a Sustainable Ocean Economy and the Friends of Ocean Action in collaboration with the World Economic Forum .

In 2019, WRI’s experts: Looking ahead, we plan to: Released a special report that found the ocean can deliver up Launch a major report on the Sustainable Ocean Economy, to 20% of emissions reductions needed to limit warming to 1.5 based on insights from 16 Blue Papers, that will inform the degrees C (3.6 degrees F). This first-of-its-kind analysis also global narrative around the ocean and outline necessary shifts quantified country-by-country climate impacts on ocean- in the ways people think about, value and use the ocean. based sectors. Reveal a transformative, science-informed agenda to trigger, Released new research that finds that the ocean could amplify and accelerate action worldwide toward a sustainable sustainably provide over six times more food than it ocean economy. does today. Cultivate multi-stakeholder partnerships to advance action on Demonstrated the private sector’s importance in delivering the illegal fishing, harmful fisheries subsidies, ocean protection, nature agenda via the marine protection business case report. food security, finance, shipping, ocean data and tourism.

Annual Report 2019-2020 | 21 CENTERS OF EXCELLENCE

“WRI’s deep bench of experts who understand how business and finance work is a powerful force for shaping the economy of the future.” –William Chen, Founding Managing Partner, ClearVue Partners; Global Board Director, WRI

22 | World Resources Institute GOVERNANCE

The Governance Center aims to empower people and strengthen governments to build a resilient, just and sustainable future .

In 2019, our experts: Supported environmental defenders through the Produced a flagship report, Adapt Now: A Global Call for Environmental Democracy Practice, Open Government Leadership on Climate Resilience, which aims to raise Partnership and the Escazú Agreement. awareness and inspire global action to make communities In 2020, we plan to accelerate the integration of climate more resilient and prosperous in the face of mounting adaptation into development by building on our partnerships climate impacts. and knowledge products, including through the Global Launched the Energy Access Explorer, a global data Commission on Adaptation. We also plan to deepen and platform that connects affordable, reliable and clean energy expand WRI’s in-country assistance as part of this integration. to sustainable development solutions for all.

“When economic shocks strike, the toll is greatest on the poorest and most marginalized people. We need to pursue development pathways that not only boost the economy, but do so in ways that are more inclusive, efficient and sustainable.” –Manish Bapna, Executive Vice President and Managing Director, WRI

Annual Report 2019-2020 | 23 BUSINESS

The Center for Sustainable Business works with executives, investors and other stakeholders to trigger changes in strategy and policy to help companies thrive economically while operating within resource boundaries .

In 2019, our experts: Partnered with other NGOs to call on companies to advocate Developed new guidance for the apparel industry to measure for, and align their trade associations and allocate spending to the environmental and economic impact of clothing repair advance science-based climate policy. and re-use. In 2020, we will use our analysis and convening power Under the Science Based Targets initiative, added 288 new to encourage more companies to adopt ambitious commitments that are consistent with staying below 2 strategies aligned with science. This includes publishing degrees C (3.6 degrees F) of global warming, bringing the the State of the Art report, which will explore how multi- total to over 800 companies in 40 countries. stakeholder partnerships can identify new models for transformative change.

“We work with WRI in order to help us develop sustainability strategies at a global scale that are grounded in science and data. Ambitious sustainability goals are needed to ensure a resilient future that prioritizes people.” –Kathleen McLaughlin, Executive Vice President and Chief Sustainability Officer for Walmart and President of the Walmart Foundation; Global Board Director, WRI

24 | World Resources Institute Science Based Targets Initiative Science Based Targets initiative (SBTi) over $2.8 trillion and carbon dioxide provides companies a clear framework emissions comparable to those to reduce corporate greenhouse gas of France—have committed to set emissions in line with what science emissions targets aligned with keeping says is necessary to meet the goals of warming to 1.5 degrees C (2.7 degrees F) the Paris Agreement. So far, over 800 above pre-industrial levels. companies are taking climate action In 2020, the initiative will encourage based on science, and 333 companies more companies to set these more have approved science-based targets to ambitious targets, as well as pursue reduce their emissions. companies from other sectors to join Of those, 177 companies—with a the initiative. combined market capitalization of

Partnering for Green Growth and the Global Goals 2030 (P4G) P4G accelerates innovative public- Established National Platforms in private partnerships to advance Colombia, Mexico and the Netherlands, solutions in five areas: food and and engaged with the five platforms agriculture, water, energy, cities and the established in 2018. circular economy. Recognized five successful P4G 2019 Achievements: State-of-the-Art Partnerships and one Funded 20 partnerships: 13 start-ups Partnership of the Year on the sidelines (up to $100,000) and seven scale-ups of the UN Climate Action Summit. (up to $1 million) to create more than 30 This year, P4G plans to recognize its solution-driven partnerships. third round of start-up and scale-up partnerships, bringing the pipeline of concrete partnerships up to 50.

Annual Report 2019-2020 | 25 FINANCE

The Finance Center conducts research and engagement with financial institutions and stakeholders to shift finance flows toward environmentally sustainable activities and away from unsustainable ones .

In 2019, the team launched seven major products and The Climate Resilience Principles aimed at unlocking capital initiatives, including: for adaptation finance, in collaboration with the Climate The Green Targets Tool to compare private banks’ sustainable Bonds Initiative. finance commitments, finding that over half of private banks In 2020, we will focus on a new effort to help China pursue do not have sustainable investment targets and most banks more sustainable investments in its Belt and Road Initiative, continue to invest in fossil fuels more than sustainable sources. improve sustainable investment products and engage A Guide for the Perplexed to help stakeholders navigate the institutional investors, and enhance access to climate finance Green Climate Fund. in partner countries. A paper on Financial Implications of Parched Power to improve understanding of climate-related physical risks in the energy sector.

“As we start to recover from the current crisis, the financial sector needs to increase the flow of investments toward sustainable, resilient opportunities that will help us build a better and more equitable world.” –Afsaneh Beschloss, Founder and CEO of Rock Creek; Global Board Director, WRI

26 | World Resources Institute ECONOMICS

WRI’s Economics Center demonstrates how a healthy environment and stable climate provide value to people and to economic growth . We work with partners to increase investment in nature and environmental protection and seize the opportunities of sustainable development .

In 2019, our experts: In 2020, the Economics Center will focus on the social and Helped inform Indonesia’s new five-year development plan equity benefits of climate action to encourage a just transition by conducting analysis that found that Indonesia’s economy that puts people at the center of policymaking. We plan to can grow faster by reducing emissions more rapidly. We found substantiate the economic case for companies to responsibly that with low-carbon action, the country would be able to manage water, help cities improve water supplies using halve extreme poverty and add $5.4 trillion to GDP in 2045 natural infrastructure, and showcase the economic benefits of compared to business-as-usual. expanding climate action and renewable energy use. Worked with a range of development organizations to In 2020, watch for increased activity from PACE, the Platform promote public financing for landscape restoration. WRI’s New for Accelerating the Circular Economy, a public-private Restoration Economy project has profiled dozens of companies collaboration for global leaders and their organizations to across Africa that are profiting by restoring degraded land. accelerate the transition to a circular economy.

“Through the New Climate Economy, we understand that smart climate action and nature- based solutions can boost employment and productivity. As governments reboot their economies, they should focus on climate-aligned, resilient investments and policies that benefit people and the economy.” –Joaquim Levy, Former President, Brazilian Development Bank (BNDES); Former Managing Director and , World Bank; Global Board Director, WRI

Annual Report 2019-2020 | 27 Each year as we prepare our Annual Report, we look back with deep gratitude at how the vision and generosity of our donors make our accomplishments possible . We value all our donors and we are very proud to recognize the THANKING diverse group of supporters who share our commitment to a more sustainable and prosperous world for all . European government partners continue to be among our largest donors, providing both institutional and programmatic OUR DONORS support. In FY2019, they provided $84 million. We are particularly grateful to the governments of Denmark, the Netherlands and Sweden for their crucial continued support and core funding to WRI. This funding allows us to be mission-focused to address long-term challenges while also helping to fund nascent areas of work and new ideas. In short, it underpins our ability to deliver transformative outcomes to advance our common agenda on poverty alleviation and sustainable development.

We are also grateful to the governments of France, Germany, Ireland, Norway and the United Kingdom for their generous support to WRI’s programmatic work.

WRI’s core and programmatic donors recently our work to decarbonize the provide vital core support for the WRI also support a range of impactful global U.S. economy. Ross Center for Sustainable Cities. delivery platforms including: Partnership WRI’s new membership group—The As we were finalizing this report, for Green Growth and the Global Goals Sustainer’s Circle—exceeded 100 The Children’s Investment Fund 2030 (P4G); Global Commission on members in FY2019. Foundation’s Board approved a $16 Adaptation; the NDC Partnership; million investment in the Greening the WRI’s work on science-based targets, Friends of Ocean Action and the High Belt and Road Initiative (BRI). Donors water, forests, climate and food Level Panel for a Sustainable Ocean are increasingly looking to WRI as a remain popular areas for collaboration Economy; Water, Peace and Security key partner for addressing the climate with our corporate partners. We are Initiative; the New Climate Economy; and environmental impacts of BRI, both pleased to recognize four donors and the Coalition for Urban Transitions. in China and in the countries where that have renewed and expanded Foundation support, our second-largest it is investing. WRI President & CEO their partnership with WRI: FEMSA source of funds, remains strong. Notable Andrew Steer’s position as co-chair Foundation, IKEA Foundation, UPS recent awards include The Bill and of the Greening the BRI Coalition and Foundation and Walmart Foundation. Melinda Gates Foundation for support the hiring of Fang Li as the new Chief Looking ahead, we will be strengthening of the Global Commission on Adaptation Representative our partnerships with Cargill, Inc. and and the John D. and Catherine for WRI China have further solidified HSBC. WRI’s Corporate Consultative T. MacArthur Foundation for its WRI’s position. Group (CCG), which now stands at support for developing subnational 38 members, brings together the best Support from WRI Board members, decarbonization pathways in China. This minds to advance sustainable business Global Leadership Council members, builds on the MacArthur Foundation’s practices and provides important WRI staff, and individual and family flexible support for our climate work unrestricted core support, which allows foundation donors continues to rise. in the United States, China and India, WRI to remain nimble, further innovate, This is an incredibly important source and complements the foundation’s and maintain open source tools, data of flexible and core support. Stephen investment in our green power market and research. M. Ross Philanthropies continues to development work in India, and most

Annual Report 2019-2020 | 29 2019 DONOR LISTINGS

(Includes revenue received Energy, and Industrial Strategy IKEA Foundation Ministry of Infrastructure and 10/1/18-1/15/20 and older grants of the United Kingdom (BEIS) Water Management of the still open as of 10/1/18. Irish Aid - Department of Netherlands Recognizes revenue of Doris Duke Charitable Foreign Affairs and Trade $1,000+only) Foundation National Geographic Society John D . and Catherine T . MAJOR DONORS ($750,000+) European Climate Foundation MacArthur Foundation Oak Foundation Acacia Conservation Fund Federal Ministry for Economic Michael Polsky Family Open Society Foundations Cooperation and Development Asian Development Bank (ADB) Ministry for Europe and Foreign Pact of Germany (BMZ) Affairs of France Bernard and Anne Spitzer PepsiCo, Inc . Federal Ministry for the Charitable Fund Ministry of Foreign Affairs of Environment, Nature Roger and Vicki Sant Sweden Bill and Melinda Gates Conservation, Building and Royal Danish Ministry of Foundation Nuclear Safety of Germany Ministry of Foreign Affairs of Foreign Affairs (Danida) (BMU) the Netherlands (DGIS) Bloomberg Philanthropies FedEx Corporation C40 Cities Climate Leadership Group FEMSA Foundation Cargill, Inc . Ford Foundation Strategic Core Funding Partners Charles Stewart Mott German Agency for Foundation International Cooperation (GIZ) We are pleased to acknowledge our institutional strategic partners, who provide core funding to WRI: Children’s Investment Fund Global Environment Facility Foundation Good Energies Foundation Irish Aid – Department of Foreign Affairs and Trade¹ Citi Foundation Gordon and Betty Moore Ministry of Foreign Affairs of the Netherlands (DGIS) Climate and Land Use Alliance Foundation Royal Danish Ministry of Foreign Affairs (Danida) ClimateWorks Foundation Humanist Institute for Swedish International Development Cooperation Co-operation with Developing Agency (Sida) Department for Business, Countries (Hivos)

30 | World Resources Institute Royal Norwegian Ministry of World Bank Climate and Environment World Economic Forum Royal Norwegian Ministry of Anonymous (2) Foreign Affairs Ruth McCormick Tankersley GOVERNMENTS Charitable Trust AND MULTILATERAL ORGANIZATIONS Shell Foundation Strategic Core Funding Partners Stephen M . Ross Philanthropies Agence Française de Développement (AFD) Swedish International Irish Aid – Department of Foreign Development Cooperation Affairs and Trade 1 Agency (Sida) WRI hosted the 10th Multi-Partner Meeting (MPM) on November 4 and 5. The MPM is an Ministry of Foreign Affairs of the annual opportunity for WRI and our main government partners to review progress on the The Tilia Fund Netherlands (DGIS) implementation of our Strategic Plan and identify mutual priorities looking forward. In 2019, representatives participated from Denmark, France, Germany, the Netherlands, Norway Toyota Mobility Foundation Royal Danish Ministry of Foreign and Sweden. Affairs (Danida) U K. . Department for Swedish International International Development Development Cooperation Agency Department of Foreign Affairs and Federal Ministry for the (DFID) (Sida) Trade of Australia Environment, Nature Conservation, Building and Nuclear Safety of U .S . Agency for International Program/Project Partners Environment and Climate Change Germany (BMU) Development (USAID) Asian Development Bank (ADB) Canada Food and Agriculture Organization U .S . Department of State City of Philadelphia Environmental Protection Agency of the United Nations (FAO) of Sweden United Nations Environment Department for Business, Energy, Food and Drug Administration and Industrial Strategy of the European Bank for Reconstruction (FDA) Programme (UNEP) United Kingdom (BEIS) and Development (EBRD) Foundation for the Global Compact United Nations Office for Department of Energy and Climate European Commission (EC) Project Services (UNOPS) Change of the United Kingdom German Agency for International European Forest Institute (EFI) Cooperation (GIZ) UPS Foundation Department for Environment, Federal Ministry for Economic Global Environment Facility (GEF) Food, and Rural Affairs of the Cooperation and Development of Walmart Foundation United Kingdom Germany (BMZ) Inter-American Development Bank William and Flora Hewlett Department of Communications, (IDB) Foundation Climate Action & Environment of Islamic Development Bank Ireland

1. Note: Irish Aid core provided core support to WRI through October of 2019.

Annual Report 2019-2020 | 31 Japan International Cooperation Swiss Agency for Development United Nations Environment World Health Organization (WHO) Agency (JICA) and Cooperation (SDC) Programme World Conservation Monitoring Center (UNEP-WCMC) World Bank Ministry for Europe and Foreign Swiss Federal Office for the Affairs of France Environment (FOEN) United Nations Capital FOUNDATIONS Development Fund (UNCDF) Ministry of Agriculture, Nature and U K. . Department for International Better Tomorrow Fund Food Quality of the Netherlands Development (DFID) United Nations Department of Economic and Social Affairs Bill and Melinda Gates Foundation Ministry of Environment of Poland U .S . Agency for International (UNDESA) Development (USAID) Bloomberg Philanthropies Ministry of the Environment, United Nations Development Charles Stewart Mott Foundation Climate and Sustainable U .S . Department of Agriculture Programme (UNDP) Development of the Grand Duchy (USDA) Children’s Investment Fund of Luxembourg United Nations Environment Foundation U .S . Department of State Programme (UNEP) Ministry of the Environment and Climate and Land Use Alliance Energy of Sweden U .S . Environmental Protection United Nations Office for Project Agency (USEPA) Services (UNOPS) ClimateWorks Foundation Ministry of Foreign Affairs of Sweden U .S . Forest Service International United States Fish and Wildlife Conrad N . Hilton Foundation Programs Service (USFWS) Ministry of Forest Economy and Sustainable Development of the Republic of Congo Ministry of Infrastructure and Water Management of the Charles Stewart Mott Foundation Netherlands Municipality of The Hague Since WRI’s founding in 1982, we have worked with the Charles Stewart Mott Foundation National Environment Agency of to achieve our shared vision of thriving communities supported by an environmentally and Singapore economically sustainable global society. Overseas Environmental To honor the legacy of its founder, the Mott Foundation supports innovative, systemic Cooperation Center, Japan (OECC) changes that improve human well-being and protect natural resources in the Foundation’s Reducing Emissions from hometown of Flint, Michigan, and around the world. WRI is privileged to partner with Deforestation and Forest the Mott Foundation on initiatives that provide renewable energy access to rural Degradation Programme communities in sub-Saharan Africa and ensure that global finance supports people and Royal Norwegian Ministry of the environment. Together we are delivering solutions that address the climate crisis while Climate and Environment strengthening families and communities. Royal Norwegian Ministry of Foreign Affairs

32 | World Resources Institute The David and Lucile Packard Foundation Walmart Foundation DOEN Foundation For many years, the Walmart Foundation has been a generous donor and strategic Doris Duke Charitable Foundation partner to WRI. Like WRI, the Walmart Foundation works at the nexus of the Energy Foundation environment and society to create opportunities to improve people’s lives. Energy Foundation China Since 2017, the Foundation has provided critical support to WRI’s Food Loss and Ernesto Bertarelli Foundation Waste program, and in the coming year, we are excited to be expanding the scale of European Climate Foundation this work. By engaging food suppliers and launching a pilot project to shift social and behavioral norms, we aim to reduce barriers to food loss. Separately, the Foundation’s FIA Foundation support for the Global Forest Watch platform provides the continued investment The Finnish Innovation Fund needed in new methods, strategies and technologies to monitor and reduce (SITRA) global deforestation. Ford Foundation We are so thankful to have the Walmart Foundation as a trusted partner. Goldschmeding Foundation voor Mens, Werk en Economie Good Energies Foundation Rockefeller Brothers Fund Citi Foundation 2019-2020 Corporate Gordon and Betty Moore Consultative Group Members Foundation Rockefeller Foundation FedEx Corporation 3M Heising-Simons Foundation Skoll Global Threats Fund FEMSA Foundation Abbott Laboratories Hollomon Price Foundation Swedish Postcode Lottery Generation Foundation Baker McKenzie John D . and Catherine T . MacArthur Wallace Global Fund HSBC plc Foundation Bank of America William and Flora Hewlett Inc . The Kresge Foundation Foundation The Bank of New York Mellon IKEA Foundation MAVA Foundation Anonymous (6) Best Buy Co ,. Inc . Laudes Foundation Mulago Foundation Caesars Entertainment CORPORATIONS Microsoft Corporation Nathan Cummings Foundation Strategic Relationships Shell Foundation Cargill, Inc . Oak Foundation 3M Toyota Mobility Foundation Caterpillar Inc . Open Society Foundations Bank of America UPS Foundation The Chemours Company Pisces Foundation Cargill, Inc . Walmart & Walmart Foundation Citigroup, Inc .

Annual Report 2019-2020 | 33 Apple Inc . Arconic Foundation BASF Berkshire Hathaway Energy Bunge Loders Croklaan C&A Corporation CMS Energy Corporation Coca-Cola Dairy Management, Inc . eBay, Inc . Ecolab Eileen Fisher, Inc . Facebook, Inc . WRI President & CEO Andrew Steer presents trends and insights at the Corporate Consultative Group’s 2019 meeting, MindShare. Ford Motor Company Colgate-Palmolive Company Johnson Controls The Walt Disney Company FrieslandCampina DuPont Kimberly-Clark VF Corporation Genentech, Inc . eBay Inc . Mars, Inc . Program/Project Golden Agri-Resources Edison Energy, LLC PepsiCo, Inc . Partners Heineken ADM Capital Foundation Equinor ASA Pfizer Inc . Hilton Worldwide Adobe, Inc . Exelon Corporation Related Honda Motor Co ., Ltd Alcoa Foundation FedEx Corporation Shell IKEA Food Services AB American Electric Power General Mills, Inc . Target Corporation IKEA of Sweden AB Allotrope Partners General Motors Temasek International Paper Company Amazon Web Services Goldman Sachs Group, Inc . Tetra Pak International Johnson Controls Foundation Amazon .com Google Inc . Tyson Foods, Inc . Kimberly-Clark American Electric Power The Hershey Company United Parcel Service, Inc . Levi-Strauss and Co . Apeel Sciences HSBC Bank USA, N .A . Walmart L’Oreal U .S .A

34 | World Resources Institute Mærsk The Hongkong and Shanghai Bristol Myers Squibb Foundation Program Banking Corporation Limited Mars, Inc . Dentons Earthshare The Kellogg Company Max Hamburgerrestauranger AB IBM Corporation Erie Insurance Tyson Foods, Inc . McKinsey & Company, Inc . Pfizer Foundation Ford Foundation Matching Gift Uber Technologies, Inc . Program MGM Resorts International Spring Point Partners Underwriters Laboratories, Inc . Generation Foundation Monde Nissin Corp Terra Alpha Investments LLC Unilever Goldman, Sachs & Co . Matching Mondelēz International Thornton Tomasetti Gift Program UPS Foundation Morgan Stanley Undertone ING Bank US Pulses and Dry Pea Association Nestlé Paypal Giving Fund Wells Fargo MATCHING AND WORKPLACE Newmont Goldcorp Corporation GIVING S&P Global Foundation WeWork Nike Acacia Conservation Fund Salesforce .org Wilmar International Limited PepsiCo, Inc . American International Group, Inc . The Merck Foundation Xcel Energy Inc . Philips Bright Funds Foundation The Prospect Hill Foundation Supporters Procter & Gamble Bristol Myers Squibb Foundation AECOM Virginia Credit Union, Inc Qualcomm Foundation Dodge and Cox Gift Matching Blistex, Inc . World Bank Community Rabobank Connections Fund REI INDIVIDUALS AND FAMILY Royal DSM FOUNDATIONS Sainsburys $500,000+ Acacia Conservation Fund Shell Stephen M . Ross Philanthropies Sime Darby Berhad Roger and Vicki Sant Sodexo Bernard and Anne Spitzer Southern Company Generation Charitable Fund Tennessee Valley Utility Ruth McCormick Tankersley Tesco PLC Charitable Trust The Tilia Fund The Danish Agriculture & Food WRI supporters Heidi Drymer (left) and Peter Graham (right) with WRI Global Board Director Council Daniel Weiss (center) at WRI’s Fall 2019 Global Board of Directors dinner.

Annual Report 2019-2020 | 35 $100,000 - $499,999 The Morrow Family Fund David Blood The Murray Family Foundation David K . Smoot Sustainability of Myers Family Charitable Fund Life on Earth Fund AB Nadiv Foundation James A . Harmon Jeff Nathanson Linden Trust for Conservation The Nint Foundation Minerva Foundation The Nowak Family Charitable Michael Polsky Family Remainder Trust Sall Family Foundation Thomas A . Nowak, M D. . The Summit Foundation Pritzker Innovation Fund Anonymous (2) WRI Ethiopia Country Director Haileselassie Medhin and Alpha Ledger Founding Partner The Prospect Hill Foundation and WRI Global Board Director Tammie Arnold at WRI’s Fall Board of Directors dinner. $10,000 - $99,999 David W . Richardson, CFA Abelow Family Foundation Ms . Heather L . Ross & The MGDC Apgar Foundation Tim Disney Chris and Lisa Kaneb Fund Mr . Edward L . Strohbehn Jr . Duncan Austin Daniel L . Doctoroff The Ina Kay Foundation Sally Mead Hands Foundation John E . Bartlett Timothy Dunn and Ellen Stofan Knight Britton Charitable Fund Jennifer Scully-Lerner Frances G . Beinecke / Frances Brean Epp Samuel Krasnik & The Shanken Family Foundation Beinecke Elston Fund Kathleen Corless Pam and Peter Flaherty Anne Smeeta Souza-Roy Elizabeth Belfer Herbert and Katherine Kurth Steve and Heather Fredette Religious Foundation, Inc . The Speyer Family Foundation, Inc . Afsaneh M . Beschloss Maria Gea and John Niccolai The Ingeborg Lock Trust Liesbet and Andrew Steer David Brewster The Goulder Family Foundation The Chris and Melody The Philip Stephenson Foundation Jefferson Bull and Marilyn Malachowsky Family Foundation Packard-Luther Peter Graham and Heidi Drymer Steve Strongin The Matz Family Fund Nathaniel Chamberlin Cynthia R . Helms Sue and John Tierney Jeff and Ashley McDermott William A . Chen Andrew W . and Lauran Jack / Lizzie and Jonathan Tisch W Andrew and Lauran G Jack Paul Meister Foundation, Inc . Cox Family Fund Charitable Fund Wilhelm Merck and Nonie Brady Lee and Dorothy Thomas / The Carla and David Crane Foundation Julie Juenemann Thomas Family Foundation of the Jewish Community Leo Model Foundation Federation and Endowment Fund Ulla Johnson Clint A . Vince / Clint and Sandi Vince Charitable Foundation

36 | World Resources Institute Benjamin Wagner Daniel Weiss / Angeleno Group Robert Zoellick David K. Smoot Sustainability of Life on Earth Fund

Anonymous (9) Remembered for his voracious reading kind of issues David was concerned Sustainer’s Circle Members and hard-working nature, David K. about. WRI is pleased to recognize David ($1,000 - $9,999) Smoot and his pneumatic conveying Smoot’s legacy and his support of WRI’s The Rona and Jeffrey Abramson company kept the U.S. Patent Office Global Restoration Initiative, which works Foundation busy with new designs, obtaining over to restore and sustain forests for future Steve and Jayne Adams 10 patents in his industry. In his early generations around the globe. John and Betsy Addlesperger years as a young engineer at a milling The Aeneid Fund of the company, David became so interested Jewish Communal Fund in how compressed air moves material Mark and Meg Alberts through pipes that he made it his life’s work. That same passion and curiosity Bradley E . Alger informed David’s environmentalism Eleanor and Dean Anderson and his concerns on population, human Elaine and Arthur Aron consumption, climate change and the Steven D . Averbuch MD planet’s ability to sustain life. He also believed we could indeed protect the Hattie Babbitt planet and still have economic growth. Girish Balakrishnan David passed away in May 2018, Jessica and Geoffrey Baldwin generously leaving the majority of Benjamin M . Baker Charitable his estate to fund the David K. Smoot Fund Sustainability of Life on Earth Fund. Tiago Bandeira His longtime friends Marcelo and Patty Manish Bapna Silveira were appointed to manage the Fund and reached out to WRI this year Bonnie J . Beck to discuss a gift that would support the Vicki Berry Kasturi and Ashwin Bhatt Foundation

Annual Report 2019-2020 | 37 Rohit Bhayana Kathleen Cooper The Episcopal Church Dr . Linda Gochfeld Charitable Fund of the Princeton Area Community The Birenbaum Family Fund Janice Cooperstein Mark and Glori Engel Foundation The Jeffrey and Julie Blake Peter Cormier Adam Fass Goldberg-Smith Trust Charitable Fund Tony Cummings Shannon Fast Scott and Shari Goldstein Robert O . Blake, Jr . David Cushing Eva Fernandez Millie Gorson Sylvia Blake Charlene Yaunke Cutler Mary Fields Graves Family Tomas Bok and Florentien de Ruiter Leslie Dach and Mary Dickie Mark Finley Jason Gwinn Karen and Ken Boudreau N . Dahlin Giving Fund Bonnie L . Fischer David and Kelly Hackett Foundation Bray-Sugg-Nuccio-Selby Family Danem Foundation Craig and Diane Fischer Byron Hall Stephen Brenninkmeijer Kathryn Deegan Gilbert Flanagan Craig Hamilton Edward Brittenham / Judith DeGraaf Maureen Flannery Brittenham Family Gift Fund Rabecca Delamotte and Agnieszka Flizik Nancy Hammond Peter Bloom Adrienne and Andrew Bro Patrick Flynn Robert E . Hansen Family Yafang Deng Foundation Janet Brownstone and Art and Nora Forni Charitable Trust Andrew W . Verhalen Fund Amit Desai Craig and Iben Hanson Lisa and Jim Fox Richard and Alison Bruce Peter and Gretchen Detre AJ Harradine Mary and Paul Fox Charitable Fund Laurie and Brice Buchanan Charitable Donations Account Kathryn Harris Richard Fromer Judy Buechner Advised Fund Benjamin DiCicco-Bloom Teresa Hartle Fuller Family Foundation Richard Burck and Alice Hecht Helen Dimos and Benjamin Oko Anita L . Hatanaka Raymond Gagne Ildefonso Burgos Michael and Jenn DiPietro David Hays Christopher Gardner Donna and Jay Bushnell Bonnie & Rick Dlott Carolee and Jon Hazard Judith Gayer Sally Cameron Andrea Dodge Janet Hendricks Susan Gerngross Kenneth Chang and Julia Espel Conor DuBois Amy and Ziggy Hirsch Daniel and Catherine Gerst Jennifer Lyn Chu Brad Eastwood Ho Chen Family Foundation Charlie Gibson June M . Clase Debbi Echt Steve Hoffman Ian Glover David and Kira Connaughton The David Geoffrey Elkins Fund The Hollione Fund Carl Gobel Elizabeth Cook The Elson Family Charitable Fund Ian Hooley

38 | World Resources Institute Leslie Hope Karl F . Kuhlmann Donald McCurdy Jyoti Patel Brandon Hubbard The Kurtz Family Foundation Allan D . McKelvie Priyesh Patel Margaret VB . Hughes Alice Lam and Ziba Scott Giving Nathan McKenzie Andrea Patineau Fund Humanity Foundation Patrick McNulty Andra Patterson Tania Landauer Melissa Huther Carla Miller Mr . and Mrs . James L . Patton, Jr . Lashof Family Giving Account Zeynep Imre Ben Millis Melissa Pearlstone Yoel E Lebowitz Eric M Jackson Helen Mountford and Vladimir Salil Phadnis and Ginny Lee Lopez-Bassols Charity Fund Meghana Mudiyam Hilary Rosenblum Jefferson Mary Soon Lee and Andrew Moore Scott Mordock The Phillips-Green Foundation, Inc . Ted and Beth Powers-Johnson Richard Lee Karen Morris Carol K . Pforzheimer and Charles and Phyllis Johnson Carl A . Pforzheimer Fund William Levan Sari Mintz and Gary Morrison Richard Johnson Point House Fund Levinson Charitable Trust Aubert and Barbara Mowry Susan Johnson Lester Poretsky Family Jeffrey Levitt Carole and Harold Moskowitz Foundation Justine Jordan Family Foundation Glenn Lopate David Porteous and Vicky Smith Mayya Kawar Jeanne A Musgrove Richard Loudis Account Malorie and Siraj Khaliq Senthil Natesan Thomas E . Lovejoy III John Pratt Jeeyoon Kim Nesler Family Fund Lawrence MacDonald Ellen B . Proctor Taeeun Kim Bob and Toni Newton Marion Charity Fund Evan Purcell Valerie Kirkby Jillian Niggel William Martin William Putnam Nick Kirsch Michael Nigro The Martin Family Charitable The Putnam Family Christa Knapp Foundation, Inc . Rolando Nuñez Baza Charitable Fund Christopher Kozuch The Marxe Family Foundation Carol O’Hare Pzena Investment Charitable Fund Steven Kramer and Teresa Amabile Thomas May Kim Olson John G . Rakocy Tanya Kranenburg Anne McBryde Family Foundation Christopher and Sara Oot William and Elizabeth Reilly Michael and Anne Krepick Bill & Carol McClain Richard W . Orser The Honorable Bill Richardson Charitable Gift Fund McCormick Family Giving Fund Bartosz Ostenda Elly Richards Ms . Maja Kristin / Family & Beyond Maia McCormick Dr . Hal E . Ott The Grace Jones Richardson Trust William A . Krug

Annual Report 2019-2020 | 39 David Robbins Silverman Giving Fund Ariane van der Straten John Ziemer Dorothy Robyn Silver Tie Fund Emily V . Wade L . Kenneth Zweig and Wendy Reed Ethan Roday Peter Slade / Taylor, Ganson & Patrick N . Wagner Anonymous (59) Perrin LLP Gillian Rowan June Wang Jane and Carl Smith OTHER INSTITUTIONS Roxbury Fund of the New York The Weill Family Foundation American Forest Foundation Community Trust Robert and Heidi Smith Weyl Family Fund American Forests Rubin Family Fund The Snider Foundation Andrew Whalley American Mushroom Council Michael and Pooja Rutberg Jonathan and Cleo Sonneborn Advisory Fund Anne Wilkes Aspen Institute Benjamin Sachs Drew Sorrels Gregory Todd Williams Association of Corporate Counsel Kathy and Gary Salvner Spark Directed Fund N . Noel Wilson The Benevity Community Alison Sander Impact Fund Paul M . Spiegel Richard Winegar Naomi Saunders C40 Cities Climate Leadership Michael Spiegelman Anita Winn Tedd and Ella Saunders Group Carl Stanton Winston Family Charitable Fund Lisa Schlecht Carbon Disclosure Project, Jocelyn Starzak Laura Woodland North America The Schmitz-Fromherz Family Fund Janet Strickler TSSF Howie and Alison Schwab Maryellen Sullivan Family Fund Sweat Family Foundation David Schwartz/David Schwartz Foundation Inc . Ardith Talbott Schwartzman Moss Family Fund Helga Tarver Patrick Scott and Susan Kraft Amy and Mark Tercek Foundation The Seltzer Family Foundation Timon P . Tesar Katharine Shapiro Daniel and Sheryl Tishman Tad Shepperd David H . Thomas Shepperd Family Charitable Fund Victor Torgrimson Ben and Leah Sherman Laura D . Tyson Greg T . VandeKerk UNAIDS Executive Director Winnie Byanyima addresses the audience, as WRI President & Silton Family Foundation CEO Andrew Steer, European Investment Bank Vice President Emma Navarro, and others listen, at the Fall Global Board of Directors dinner.

40 | World Resources Institute The Chesapeake Bay Foundation, Lawrence Livermore National University of Illinois at Urbana- Future Earth Inc . Laboratory Champaign George Washington University Cities Alliance Joint Work London School of Hygiene & Verra Programme Tropical Medicine Google Inc . Vital Strategies Climate Focus North America Inc . LTS International Limited Indiana University Waste and Resources Action Coffey International Development National Geographic Society Programme ING Bank Limited The Nature Conservancy West Virginia University Japan International Cooperation Commission for Environmental Agency (JICA) Network for Good Wildlife Conservation Society Cooperation Johnson Controls New America The Windward Fund Duke University Johns Hopkins University Night Light Marketing Winrock International Institute for Family Medical and Maternity Microsoft Care, P C. Concepts LLC Agriculture Development Ocean Doctor World Economic Forum Ministry of Foreign Affairs Firsthand Capital Management of the Netherlands Open Data Charter World Wildlife Fund Future Earth Mount Holyoke College Open Space Institute, Inc . Anonymous (6) German Development Institute National Geographic Society Overseas Development Institute Germanwatch GIFTS-IN-KIND Nicholas Goedekeing Pact Global Impact Investing Network Accenture Strategy NYU Marion Institute Practice Greenhealth The Gold Standard Foundation American University Resonance Global ProForest Green Climate Fund BNY Mellon Stanford University Pulse Canada Harvard University Brandeis University UCLA Rights and Resources Initiative Humanist Institute for Cooperation Brown University University of Chicago with Developing Countries (Hivos) Stanford University Dartmouth University of Maryland IDH Sustainable Trade Initiative Stockholm International Descartes Lab University of Michigan IDH Delft Foundation Water Institute ESRI Yale International Center for Tamarack Habilitation Tropical Agriculture Technologies Federal Ministry for Economic Cooperation and Development of ISEAL Alliance Toshiba Memory America, Inc . Germany (BMZ) KTH Royal Institute of Technology U .S . Endowment for Forestry Ford Foundation and Communities The Lawrence Berkley National Laboratory University of Cambridge

Annual Report 2019-2020 | 41 COURAGE TO LEAD: Celebrating Urban Transformation

WRI’s sixth Courage to Lead Dinner, other measures to help children get to school held April 10, 2019, at the newly opened safely. So far, SARSAI has helped more than Shed venue in , featured 38,000 students in Dar es Salaam, and the the inaugural WRI Ross Center Prize for project has expanded to nine cities across Cities to honor transformational urban sub-Saharan Africa. projects around the world. With support SARSAI was among five finalists selected from philanthropist and WRI Global Board from the nearly 200 project applicants. Director Stephen M. Ross, the first prize was Other finalists included a waste-pickers’ awarded to School Area Road Safety and cooperative in Pune, India; a revitalized Improvement (SARSAI), which redesigns marketplace for informal traders in Durban, city streets to save children’s lives in Dar es South Africa; an aerial tram system in David Blood, Generation Investment Management and Co-Chair, WRI Global Board Salaam, Tanzania. of Directors; Manish Bapna, WRI; Dr. Sanjay Gupta, CNN; Adriana Lobo, WRI Medellín, Colombia; and an urban redesign México; Stephen Ross, Related Companies and WRI Global Board Director; Liz Rapid urbanization, rising vehicle traffic project in Eskisehir, Turkey. Cook, WRI; Andrew Steer, WRI (from left to right). and haphazard development in Tanzania’s In addition to awarding the prize, the capital have created perilous conditions for evening featured a lively panel discussion pedestrians, especially children who walk on reimaging cities, moderated by CNN miles to and from school every day. As a Chief Medical Correspondent Dr. Sanjay result, some Dar es Salaam schools see Gupta. WRI’s Courage to Lead Dinner honors more than a dozen students killed or injured leaders and organizations that share WRI’s each year. SARSAI identifies schools with the dedication to tackling today’s urgent global highest rates of student injury and installs environmental and economic development pedestrian crossings, speed humps and challenges. Held biennially, the dinner raises funds to advance WRI’s mission.

Jennifer Scully-Lerner, Goldman Sachs, and Nader Mousavizadeh, Macro Advisory Partners, both are WRI Global Board Directors. Courage to Lead 2019 Supporters

AECOM Tina T . Duong Levinson Charitable Trust Jennifer Scully-Lerner Tammie Arnold Andrew L . Farkas, Island Capital Jeffrey Levitt The Shanken Family Foundation Bank of America Group & C-III Capital Partners William Martin Shell Frances G . Beinecke Pam Flaherty Paul Meister The Speyer Family Foundation, Inc . Bernard and Anne Spitzer Fried, Frank, Harris, Shriver & Mubadala Carl Stanton Jacobson LLP Discussion on public spaces and cities Charitable Fund NED Management L P. . Jocelyn Starzak featuring: Elizabeth Diller, Diller Scofidio + Afsaneh M . Beschloss Michael and Rebecca Gamzon Renfro; Dan Doctoroff, Sidewalk Labs; Ann The Olayan Group Liesbet and Andrew Steer Rosenberg, SAP Next-Gen; Stuart Wood, Gibson, Dunn & Crutcher LLP David Blood Pascucci Family The Philip Stephenson Foundation Heatherwick Studio; and Dr. Sanjay Gupta, Goldman Sachs CNN (left to right). Stephen Brenninkmeijer Proskauer Rose LLP Steve Strongin Elizabeth Goldstein Caterpillar Inc . William Quan Taconic Investment Partners James A . Harmon CBRE Inc . Related Companies Sue and John Tierney Hudson News Distributors, LLC Elizabeth Cook Richman Real Estate Investment, Lizzie and Jonathan Tisch The Corcoran Group Ingrao Inc . Foundation, Inc . Cushman & Wakefield Jaros Baum and Bolles Robert A M. . Stern Architects, LLP Daniel and Sheryl Tishman Davis and Gilbert LLP JPMorgan Chase Rockwell Group Thornton Tomasetti Dentons Kohlberg, Kravis, Roberts & Co Roger and Vicki Sant Daniel Weiss / Angeleno Group Kohn Pedersen Fox Associates Helen Dimos and Benjamin Oko SAP Foundation Wells Fargo Stephen Ross (far left), Chairman and Founder, Daniel L . Doctoroff Langan International Related Companies, and WRI Global Board Director; and Ani Dasgupta (far right), Global Director, WRI Ross Center for Sustainable Cities, flank the inaugural prize winners, Jeffrey Witte and Ayikai Charlotte Poswayo, representing the School Area Road Safety Assessments and Improvements (SARSAI) Program of AMEND. Annual Report 2019-2020 | 43 BOARDS AND LEADERSHIP

DIRECTORS Frances Beinecke Jamshyd Godrej Former President, Natural Resources Chairman and Managing Director, Godrej & Boyce James Harmon Defense Council (NRDC) Mfg . Co . Ltd . India; Commissioner, The Global CO-CHAIR Commission on the Economy and Climate Chairman, Caravel Management LLC; former President Afsaneh Beschloss of the Export-Import Bank of the United States Founder and CEO, Rock Creek Caio Koch-Weser Chair, European Climate Foundation: Former Vice David Blood Stephen Brenninkmeijer Chairman, Deutsche Bank Group: Commissioner, The CO-CHAIR Founder and Principal, Willows Investments Global Commission on the Economy and Climate Co-founder and Senior Partner, Generation Investment Management Felipe Calderón Hinojosa Joaquim Levy Former President of Mexico; Former President, Brazilian Development Bank Pamela Flaherty Honorary Chair, The Global Commission on the (BNDES): Former Managing Director and Chief VICE CHAIR Economy and Climate Financial Officer, World Bank Former President and CEO, Citi Foundation Former Director of Corporate Citizenship, Citi Robin Chase Kathleen McLaughlin Founder, Zipcar, Buzzcar, Veniam Executive Vice President and Chief Sustainability Susan Tierney Officer, Walmart Inc; President, Walmart Foundation VICE CHAIR William Chen Senior Advisor, Analysis Group, Inc . Founding Managing Partner, ClearVue Partners Nader Mousavizadeh Co-founder and Partner, Macro Advisory Partners Tamara Arnold Dino Patti Djalal Founding Partner, Alpha Ledger Technologies, Inc . Former Deputy Foreign Minister, Republic of Indonesia Michael Polsky President and CEO, Invenergy Christiana Figueres Former Executive Secretary, UNFCCC Stephen Ross Chairman and Founder, Related Companies

“It is an honor to be among the distinguished leaders Roger Sant who guide WRI’s work through its global network Chairman, The Summit Foundation; Co-founder and Chairman Emeritus, The AES Corporation of boards.” –Jamshyd Godrej, Jennifer Scully-Lerner Vice President of Private Wealth Management, Chairman and Managing Director, Godrej & Boyce Goldman Sachs Mfg. Co. Ltd. India; Global Board Director, WRI; Chair, WRI India Board of Directors

44 | World Resources Institute Andrew Steer Leslie Dach Dan Morrow President and CEO, WRI Chair, Protect Our Care Independent Consultant

Clinton A. Vince Tim Disney Leslie Myers Chair, Global Energy Practice, Dentons Chairman, CalArts President, Hot Girls Pearls

Daniel Weiss Timothy P. Dunn Rolando Nuñez Baza Co-founder and Managing Partner, Angeleno Group Chief Investment Officer, Managing Member, Founder; Director, Marketing & BD, Latin America, Terra Alpha Investments, LLC Khan Academy GLOBAL LEADERSHIP COUNCIL Paula Gold-Williams David Richardson WRI’s Global Leadership Council is a select group of President and CEO, CPS Energy Executive Director, Global Client Service & Business business, philanthropic and civic leaders committed Development, Impax Asset Management to helping the Institute achieve its mission . Council Peter Graham members form an international network of advisors Partner, One Better Ventures Dorothy Robyn to enhance WRI’s effectiveness, profile, resources and Senior Fellow, Boston University Institute for impact, as well as engage in the Institute’s program work Douglas Harmon Sustainable Energy in various ways, based on their interests and expertise . Chairman of Capital Markets, Cushman & Wakefield Alison Sander Frances Beinecke W. Andrew Jack Director, Center for Sensing and Mining the Future, CO-CHAIR Partner, Covington & Burling LLP Boston Consulting Group Former President, Natural Resources Defense Council H.R.H. Prince Jaime de Bourbon Parme Edward L. Strohbehn, Jr. Daniel Weiss Senior Advisor, Private Sector Partnerships, Counsel (Retired), Morgan Lewis CO-CHAIR United Nations High Commissioner for Refugees Co-founder and Managing Partner, Angeleno Group Lee M. Thomas Peter S. Knight Former Administrator, U .S . Environmental Elizabeth Belfer Retired Partner, Generation Investment Management Protection Agency Equity Analyst, Belfer Management, LLC Krista Kurth, Ph.D COUNCIL OF BOARD CHAIRS Ambassador Robert O. Blake, Jr. Climate Activist, Author, former Director, Senior Director, McLarty Associates Green America Center for Sustainability Solutions The WRI Council of Board Chairs is a non-fiduciary, advisory body composed of the Chair from each WRI David Brewster Jonathan Matz International Office Board of Directors and the Co-chairs of Entrepreneur Managing Director, Goldman Sachs the WRI Global Board of Directors . The Council convenes annually to provide guidance and recommendations on Brian Cox Jeff McDermott items of importance to WRI’s global network . President, MFX Solutions Managing Partner, Greentech Capital Advisors

Annual Report 2019-2020 | 45 BOARDS AND LEADERSHIP (continued)

Dino Patti Djalal INTERNATIONAL OFFICES WRI India Board of Directors CHAIR WRI Brasil Board of Directors Jamshyd Godrej WRI Indonesia Board Chair CHAIR Marcelo Furtado Global Board Member Chairman and Managing Director, CHAIR Godrej & Boyce Mfg . Co . Ltd . David Blood Executive Director, Instituto Alana WRI Global Board Co-Chair Narvroz Dubash Manish Bapna Professor, Centre for Policy Research Marcelo Furtado Executive Vice President and WRI Brasil Board Chair Managing Director, WRI Ashok Khosla Chairman, Development Alternatives Group Jamshyd Godrej Franklin Feder WRI India Board Chair Former Vice President, Alcoa Sanjay Kirloskar Global Board Member Chairman and Managing Director, Leonardo Colombo Fleck Kirloskar Brothers Limited James Harmon Program Officer, Conservation and Markets Initiatives, WRI Global Board Co-Chair Gordon and Betty Moore Foundation WRI Indonesia Board of Directors Dino Patti Djalal Cecilia Martinez Denise Lanfredi Tosetti Hills Lopes WRI Mexico Board Chair Global Sustainability Director, Natura CHAIR Founder, Foreign Policy Community of Indonesia; Former Deputy Foreign Minister for the United States, PATRON OF WRI Valmir Ortega PATRON OF WRI Partner, Geoplus Geotecnologia Republic of Indonesia His Royal Highness The Prince of Wales His Royal Highness The Prince of Wales Janet Ranganathan Desi Anwar Vice President for Science and Research, WRI Director, Senior Anchor, Correspondent, CNN Indonesia TV Anamaria Schindler Co-president Emeritus, Ashoka Dharsono Hartono President Director, PT Rimba Makmur Utama Orlando Strambi Professor, University of São Paulo, Department of Kuntoro Mangkusubroto Transportation Engineering Former Head of Presidential Delivery Unit for Development Monitoring and Oversight, Republic of Johannes Henricus Maria Van de Ven Indonesia Managing Director, Good Energies Foundation

46 | World Resources Institute Handry Satriago Li Yonghong Ani Dasgupta CEO, General Electric Indonesia Deputy Secretary General, China Council for Global Director, WRI Ross Center for Sustainable Cities International Cooperation on Environment and Andrew Steer Development Julia Carabias President and CEO, WRI Professor, National Autonomous University of Mexico; Zhang Haibin Former Secretariat, Environment and WRI China Advisory Committee Members Associate Dean of the School of International Natural Resources Zhou Dadi Studies of Peking University, Head of Department of CHAIR International Organizations and International Public Sergio Chagoya Díaz Executive Vice Chairman of China Energy Research Policy Partner, Santamarina y Steta, S C. . Association WRI Europe Board of Directors Adrián Fernández Liu Shijin Andrew Steer CEO, Climate Works Chief Consultant of China Council for International CHAIR Ignacio García Cooperation on Environment and Development, President and CEO, WRI Former Deputy Director of the Development Research General Director, Cummins Mexico Center of the State Council, Dean of School of Elizabeth Cook Ernesto Hanhausen Economics and Management of Harbin Institute of Vice President for Institutional Strategy Managing Director, Emerging Energy and Technology (Shenzhen) and Development, WRI Environment, LLC . He Jiankun Becky Marshall José Saruhkan Kermez Vice Chairman of the National Experts Panel on Chief of Staff, WRI Former Rector of UNAM and Science Adviser of Climate Change, Research Fellow of the Counsellors’ Mexico’s Government Office of the State Council, Former Vice President of Janet Ranganathan Vice President for Science and Research, WRI Tsinghua University Steve Knaebel Former Executive President, Cummins Xu Qinghua WRI México Board of Directors Former Chief Engineer of the Ministry of Cecilia Martínez Adriana de Almeida Lobo Environmental Protection CHAIR Director, WRI Mexico Former Regional Director, UN-HABITAT Li Nuyun Enrique Norten Executive Deputy Director of the Climate Office of Rolando Núñez Baza Founder, Ten Arquitectos the State Administration of Forestry and Grassland, Head of Latin America, Khan Academy Secretary General of China Green Carbon Foundation Eugene Towle Wachenheim Managing Partner, Softec Real Estate Consulting

Annual Report 2019-2020 | 47 OPERATIONS AND FINANCE Equipping WRI for a New Decade As WRI grows in size and reach, we are strengthening our internal systems to enable us to deliver impact at the scale that is required . This is even more true in light of the current COVID-19 crisis . For example, we are making investments to strengthen our IT systems and our virtual communications capacity to enable our business to continue .

“It’s no surprise that Charity Navigator lists WRI as one of the 10 best charities because of its exceptional financial management.” –Pam Flaherty, Former President and CEO, Citi Foundation; Vice Chair, Global Board of Directors, WRI While we are always seeking to improve, our operational Investing in Our People: To strengthen our staff management capacity and financial management are strong. Last year, and provide additional opportunities for staff to interact with WRI’s Operations team was recognized by Association their managers, we are implementing StandOut, a new online TRENDS, including naming our CFO, Steve Barker, as the CFO management system that leverages staff strengths for better of the year. Charity Navigator rated WRI as one of its Top 10 results individually and as an institute. Charities, among large, complex organizations with budgets Diversity, Equity, Inclusion: We are very proud of the diversity exceeding $100 million and at least $65 million in net assets, of our staff, but we recognize that we can do more to ensure citing in particular our “exceptional financial management.” equity and inclusion across our teams and global network. In the past year, we hired a full-time, dedicated staff member 2019 Highlights: in Human Resources to lead these efforts. Last year, we conducted microaggression awareness training and the Edge Financial Sustainability: The Board approved a new Reserve gender bias and inclusion certification. Policy and fundraising approach to set aside 15% of our annual Making WRI More Sustainable: WRI now has more than operating budget by the end of fiscal 2024. Each year, WRI is 60 Global Sustainability Champions across eight locations. raising more and spending less unrestricted funds to ensure Over 160 staff participated in our global Plastic Free July we can absorb potential funding interruptions without slowing campaign. WRI’s Sustainability Initiative has brought together critical bodies of work. The COVID-19 pandemic is precisely sustainability managers and green team leaders from over 40 the kind of unforeseen event that shows the need for a solid NGOs and nonprofit organizations to share ideas. financial reserve.

Annual Report 2019-2020 | 49 OPERATIONS AND FINANCE (continued)

Statement of Consolidated Activities ($000s) (At September 30, 2019, with comparative totals for 2018)

The trust of our supporters is of great SOURCES OF OPERATING FUNDS - WITHOUT DONOR RESTRICTIONS 2019 2018 concern to WRI. We receive donations Grants/Contributions $125,733 $103,567 from individuals, governments, foundations and corporations, and have Federal Grants 4,502 5,572 stringent financial controls in place to Support from Endowment Income/Others 1,907 2,013 ensure compliance with donors’ wishes. Total Revenues and Other Support 132,142 111,152 100% of our revenue directly supports WRI’s mission. To maintain our EXPENSES credibility and effectiveness, our income Program Activities 116,716 99,396 and expenditures are reviewed by independent auditors. General Administration 10,022 7,016 Development 2,003 2,470 Total Expenses 128,741 108,882 Change in Operating Net Expenses 3,400 2,270

Total Net Assets at the Beginning of the Fiscal Year 114,869 82,066 CHANGE IN NET ASSETS DURING THE FISCAL YEAR Net Assets without Donor Restrictions 3,400 2,270 Net Assets with Donor Restrictions 32,473 31,733 Nonoperating Activities (2,633) (1,200) Total Change in Net Assets 33,240 32,803

Ending Net Assets 148,109 114,869

50 | World Resources Institute Uses of Operating Funds Operating Revenue

2019(%) 2018(%) 2019(%) 2018(%) 3 5 U.S. GOVERNMENT OPERATIONS 8 6 1 ENDOWMENT DRAW& 2 2 MISC. INCOME DEVELOPMENT 1 10 SHARED & SPECIAL PROJECTS 4 9 INDIVIDUALS & 8 FAMILY FOUNDATIONS GOVERNANCE, FINANCE & BUSINESS CENTERS 13 9 16 15 FOUNDATIONS 3 ENERGY 4 5 CORPORATIONS 8 MULTILATERAL CITIES 19 22 6 ORGANIZATIONS 6

FOOD, FOREST, 34 33 59 OTHER GOVERNMENT & WATER & OCEAN 55 INTERNATIONAL SOURCES

CLIMATE 17 17

Note: Communications costs are included in programs and other categories and account for about 9% of operating funds.

Annual Report 2019-2020 | 51 WAYS TO GIVE

Your financial support powers WRI’s Sustainer’s Circle Workplace Giving work to turn data into global action . With a gift of $1,000 or more annually, Help us deliver solutions at scale and your membership will help WRI respond increase the impact of your gift by Online Giving to emerging opportunities, seed new asking your employer to match your work and invest in innovation. contributions to WRI. Donating to WRI online is easy, fast and secure. Give today and help us create solutions that protect the Earth and Leave a Legacy Stock, Bonds & Mutual Funds improve people’s lives. By designating WRI as a beneficiary in Donating your appreciated securities is your will or estate plans, you will create an easy and tax-efficient way to support Recurring Gifts a lasting impact that adapts system- WRI’s cutting-edge research. wide change to sustain people and Your recurring donation helps ensure the planet. WRI has dependable resources to continue delivering transformative outcomes to global challenges.

52 | World Resources Institute GET INVOLVED

Become an active part of WRI’s WRI Alumni Network Global Leadership Council growing community of supporters. Current and former WRI staff are invited Members of this invitation-only group Sign up to hear from WRI and be to stay in touch as part of an affinity of business, scientific, philanthropic and among the first to explore our latest group through the WRI Alumni Network civic leaders help enhance WRI’s profile, objective analyses, insightful resources, Facebook group. resources and effectiveness. events and more. WRI Board Alumni Network Corporate Consultative Group Follow @WorldResources to join the conversation online and help share our Former directors are invited to stay This global, cross-industry membership insights and graphics on Facebook, involved and to help steer WRI’s work network of companies engages with Twitter and Instagram, or connect with in a number of different ways based on WRI experts and drives business value us professionally on LinkedIn. individual interests and expertise. through WRI’s tools, research and cutting-edge solutions.

“As a board member of several foundations that are fighting climate change, I see WRI as one of the places where philanthropists can make a great impact.” –Susan Tierney, Senior Advisor, Analysis Group, Inc.; Vice Chair, Global Board of Directors, WRI

Annual Report 2019-2020 | 53 10 G STREET NE Photo credits: C APImages; IC Lawrence MacDonald/WRI; TOC Axel Fassio/CIFOR; p.2 Molly Bergen/WCS, WWF, WRI; SUITE 800 p.6 Jonathan Talbot/WRI; p.8 Tyler Casey/Unsplash, Benoit Colin/WRI, WRI Brasil/Flickr, David Meenagh/Flickr, Kyle WASHINGTON, DC 20002, USA LaFerriere/WRI, jefka/Flickr; p.10 Eric Gerhardy/Unsplash; p.12 Edgar Castrejon/Unsplash; p.13 Graph Wyatt/Unsplash, +1 (202) 729-7600 Markus Spiske/Unsplash; p.14 Maite Knorr-Evans/WRI; p.15 Simon Fanger/Unsplash; p.16 Kyle LaFerriere/WRI; p.17 Saurabh Jain, Kyle LaFerriere/WRI; p.18 Andy Falconer/Unsplash; p.19 Julia Manzerova/Flickr, CIAT/Flickr; p.20 Mariana Proenca/Unsplash; p.21 Francesco Ungaro/Unsplash; p.22 Molly Bergen/WRI; p.23 Dylan Gillis/Unsplash; Africa | Brazil | China | Europe | India | Indonesia | Mexico | United States p.24 Bernard Hermant/Unsplash; p.25 Bojan Rantaša/Flickr, Modern Affliction/Unsplash; p.26 Caitlin Smith/WRI; p.27 Asian Development Bank/Flickr, G20 Argentina/Flickr; p.28 l-w-l/Unsplash; p.30 Ling Tang/Unsplash; p.31 Bill WRI.org Dugan/WRI; p.32 L-W-L/Unsplash; p.34 Dan Meyers/Unsplash, Bill Dugan/WRI; p.35 Aaron Minnick/WRI; p.36 Marek Okon/Unsplash, Aaron Minnick/WRI; p.38 Axel Fassio/Flickr; p.40 Karsten Wurth/Unsplash, Aaron Minnick/WRI; p.42-43 Ellen Wolff; p.44 Zbynek Burival/Unsplash; p.46 WRI Ross Center/Flickr; p.48 Shayan Ghiasvand/Unsplash; p.50 Nanda Sluijsmans/Flickr; p.52 René Zamora/WRI; p.53 Wong Zihoo/Unsplash.