2023-01-17T10:34:40-06:00 2022-03-31 271728945 PKF O'CONNOR DAVIES LLP 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2021-04-01 364709977 CDP NORTH AMERICA INC CDPN 2123782086 127 W 26TH STREET 300 NEW YORK NY 10001 LORI LLEWELLYN MANAGING DIRECTOR 2123782086 2023-01-17 1 LORI LLEWELLYN XXX-XX-XXXX GARRETT M HIGGINS P00543209 2122862600 2023-01-17 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z LORI LLEWELLYN 127 W 26TH STREET 300 NEW YORK NY 10001 41906601 0 X WWW.CDP.NET/EN X 2011 DE TO PREVENT DANGEROUS CLIMATE CHANGE, PROTECT RESOURCES, AND CREATE A SUSTAINABLE GLOBAL ECONOMY. 3 3 96 5 0 0 7877918 24918217 7483310 10789006 1915 121565 0 0 15363143 35828788 2243054 3592654 0 0 6137536 7053887 0 0 795300 4479691 6514496 12860281 17161037 2502862 18667751 12413803 33043858 5875368 7837672 6538435 25206186 X CDP NORTH AMERICA, INC. 'S ("CDP-NA") VISION FOR THE FUTURE IS A THRIVING ECONOMY THAT WORKS FOR PEOPLE AND PLANET IN THE LONG TERM. WE FOCUS INVESTORS, COMPANIES AND GOVERNMENTS ON TAKING URGENT ACTION TO BUILD A TRULY SUSTAINABLE ECONOMY BY MEASURING AND UNDERSTANDING THEIR ENVIRONMENTAL IMPACT. TO THAT END, CDP PIONEERED THE ONLY GLOBAL SYSTEM FOR COMPANIES AND GOVERNMENTS TO DISCLOSE AND MANAGE THEIR ENVIRONMENTAL PERFORMANCE. CDP-NA IS PART OF THE NOT-FOR-PROFIT CHARITY NETWORK CDP WORLDWIDE WHICH TRACKS HOW COMPANIES AND CITIES MEASURE, DISCLOSE, MANAGE AND ACT UPON VITAL ENVIRONMENTAL INFORMATION. 0 0 8275966 3592654 4882588 DISCLOSURE & GLOBAL INITIATIVES:CDP HAS 204 SIGNATORY INVESTORS IN NORTH AMERICA WITH AT LEAST $50 TRILLION IN ASSETS. HIGHLIGHTS FOR HOW NORTH AMERICAN INVESTORS USED CDP DATA OVER THE YEAR INCLUDE: BLOOMBERG INTEGRATES CDP CLIMATE DATA, SCORES DATA, AND MODELLED EMISSIONS DATA INTO THE BLOOMBERG TERMINAL; INVESCO INDEXING IS USING CDP CLIMATE DATA TO CREATE TRADEABLE INDICES AND INVESTMENT PRODUCTS FOR CLIENTS; MSCI USES CDP DATA TO BUILD INDEX PRODUCTS AS WELL AS PROVIDING OTHER IN-DEPTH ESG SERVICES TO THEIR CLIENTS; ISS USES CDP DATA IN ENVIRONMENTAL & SOCIAL DISCLOSURE QUALITY SCORE, ESG CORPORATE RATING AND CARBON AND CLIMATE FOOTPRINT DATA; S&P GLOBAL IS USING CDP CLIMATE, WATER AND FORESTS DATA TO INFORM THEIR RESEARCH AND SERVICE OFFERINGS TO CAPITAL MARKETS AND CORPORATIONS; AND CDP HAS ALSO ESTABLISHED SYMBIOTIC PARTNERSHIP AGREEMENTS WITH THREE ENVIRONMENTAL NGO'S (SHARE, ICCR, EMIA), WHERE CDP DATA IS USED TO DRIVE CORPORATE ENGAGEMENTS.IN ADDITION TO INCREASING DISCLOSURE, CDP-NA DROVE INCREASING ACTION AND IMPACT AS EVIDENCED BY THE 207 NORTH AMERICAN COMPANIES THAT SET OR COMMITTED TO SET SCIENCE-BASED TARGETS IN 2021 ALONE, INCLUDING 140 JOINING THE MOST AMBITIOUS BUSINESS AMBITION FOR 1.5 CAMPAIGN. 6764237 0 5347873 MEMBERSHIP PROGRAMS:OUR MEMBERSHIP OFFERINGS INCLUDING CAPITAL MARKETS, CDP REPORTER SERVICES AND CDP SUPPLY CHAIN, PROVIDE ENHANCED SUPPORT TO ACCELERATE MEMBERS' CLIMATE ACTION.CDP PROVIDES AN UNPARALLELED SET OF ENVIRONMENTAL DATA AND AWARD-WINNING INSIGHTS TO INVESTOR MEMBERS TO ARM THEM WITH THE INFORMATION THEY NEED TO PROTECT THEIR INVESTMENTS FROM RISKY CLIMATE CHANGE IMPACTS. CDP REPORTER SERVICES INCLUDES 116 MEMBERSHIPS, WHICH BENEFIT FROM STRATEGIC ACCOUNT MANAGEMENT AND ENHANCED DATA ACCESS THAT SUPPORT IMPROVEMENT IN THE QUALITY OF THEIR DISCLOSURE.THROUGH CDP SUPPLY CHAIN, 102 NORTH AMERICAN COMPANIES, WITH OVER $1.6 TRILLION IN PURCHASING POWER, COLLECTED DATA FROM MORE THAN 30,000 GLOBAL SUPPLIERS IN 2021 MANY OF WHICH WOULD NOT OTHERWISE DISCLOSE THEIR ENVIRONMENTAL IMPACT. 254277 0 558545 PARTNERSHIPS AND EVENTS:CDP PARTNERSHIPS FOCUS ON BUILDING A STRONG NETWORK OF EXTERNAL STAKEHOLDERS TO DRIVE REAL EMISSIONS REDUCTIONS BY SUPPORTING RESPONDING ENTITIES WITH DATA COLLECTION, SUSTAINABILITY STRATEGY RECOMMENDATIONS, AND MUCH MORE. CDP'S PARTNERS RANGE FROM ACCREDITED SERVICE PROVIDERS TO LARGE COMPANIES THAT ARE INTEGRATING CLIMATE STRATEGY INTO THEIR CORE BUSINESS. CDP-NA ORGANIZES ANNUAL EVENTS WHICH SERVE AS OPPORTUNITIES TO CONVENE EXPERTS AND PRACTITIONERS TO DISCUSS ADVANCES IN SUSTAINABILITY PRACTICES. THE EVENTS HAVE BEEN HELD AT LOCATIONS RANGING FROM GOOGLE'S CAMPUS TO COLUMBIA UNIVERSITY. DURING THE COVID 19 PANDEMIC, THESE EVENTS WERE HELD VIRTUALLY AND FEATURED SPEAKERS INCLUDING FORMER PRESIDENT BILL CLINTON, VP OF OPERATIONS AT GOOGLE JIM MILLER, AND FORMER EPA ADMINISTRATOR GINA MCCARTHY. 15294480 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 96 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY CA X X LORI LLEWELLYN 2123782086 127 W 26TH STREET 300 NEW YORK NY 10001 DAVID WOLFSON BOARD CHAIR 1.50 X X 0 0 0 MARTIN WISE BOARD CHAIR THRU JUNE 2021 1.50 X X 0 0 0 MARTIN WHITTAKER TREASURER THRU NOV 2021 1.00 X X 0 0 0 JOYCE HABOUCHA SECRETARY 1.00 X X 0 0 0 DAVID LUBIN DIRECTOR 1.00 X 0 0 0 ATELISIKA IYALLA MANAGING DIRECTOR THRU JAN 2022 40.00 X 202425 0 29799 LORI LLEWELLYN MANAGING DIRECTOR/HEAD OF FINANCE & PEOPLE 40.00 X 157136 0 42156 JONATHAN LABOZZETTA HEAD OF DEVELOPMENT 40.00 X 166892 0 59145 ELIZABETH SMALL GENERAL COUNSEL 40.00 X 152574 0 19985 EMILY KREPS GLOBAL DIRECTOR CAPITAL MARKETS THRU SEP 2021 40.00 X 140626 0 32589 SIMON FISCHWEICHER HEAD OF CORPORATIONS & SUPPLY CHAINS 40.00 X 122704 0 22643 KATHERINE WALSH HEAD OF CITIES STATES & REGIONS 40.00 X 118656 0 24770 ANDREA TENORIO VP, CORPORATE DISCLOSURE 40.00 X 111843 0 26282 ANNA CLARK DIRECTOR OF COMMUNICATIONS 40.00 X 107087 0 17050 BRUNO SARDA FORMER PRESIDENT/DIRECTOR 40.00 X 108000 0 0 1387943 0 274419 11 1 1 0 ADP TOTALSOURCE 10200 SUNSET DRIVE MIAMI FL 33173 PEO SERVICES 183026 GROUP DC 1370 PENNSYLVANIA AVE NW SUITE 500 WASHINGTON DC 20006 STRATEGY CONSULTANT 120000 PAULA DIPERNA PO BOX 467 COOPERSTOWN NY 13326 ENVIRONMENTAL CONSULTANT 111705 OCEAN TOMO 200 WEST MADISON ST SUITE 1020 CHICAGO IL 60606 VALUATION SERVICES 103381 4 50000 24868217 17746026 24918217 MEMBERSHIP PROGRAM SERVICE FEES 813312 5347873 5347873 GLOBAL PROGRAM 813312 4882588 4882588 PARTNERSHIPS AND EVENTS 813312 558545 558545 10789006 56769 56769 6142609 6077813 64796 64796 64796 35828788 10789006 0 121565 725554 725554 2867100 2867100 797765 297572 194252 305941 108000 108000 4776927 3957472 515905 303550 337348 282386 35475 19487 586365 499205 67386 19774 447482 346824 55985 44673 185570 143827 23217 18526 65951 57103 5167 3681 261450 211882 28945 20623 21500 21500 404755 388819 9304 6632 195234 171350 13667 10217 4670225 4670225 431433 371121 35219 25093 92324 22792 64293 5239 10525 2598 7330 597 34919 30036 2852 2031 24329 21065 1906 1358 RECRUITMENT EXPENSE 58859 45619 7364 5876 ENVIRONMENTAL REPORT 28698 28398 300 REPAIR AND MAINTENANCE 20776 17872 1696 1208 STAFF DEVELOPMENT 7948 6160 994 794 17161037 15294480 1071257 795300 2720426 4458311 1237628 6267786 2467000 14227474 4052077 6133577 1700948 1756380 475 0 441394 338339 137974 103055 97275 97275 12413803 33043858 926868 706971 0 25000 3903127 5174850 1045373 1930851 5875368 7837672 X 3549225 4528421 2989210 20677765 6538435 25206186 12413803 33043858 18667751 0 X X 0 1 X 0 0 X 6402953 2289255 4980381 7877918 7172191 28722698 6402953 2289255 4980381 7877918 7172191 28722698 9264996 19457702 105 105 14129 1915 56769 73023 28795721 33504289 0.67570 0.70450 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: TO SUPPORT THE SCIENCED BASED TARGETS INITIATIVE DATE: 08/25/21 AMOUNT: 17746026. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 211958 211958 0 229436 126381 103055 103055 DEFERRED RENT 69631 DUE TO CDP WORLDWIDE 1861220 1930851 X 35947592 118804 118804 35828788 0 35828788 17279841 118804 118804 17161037 0 17161037 PART X, LINE 2: CDP-NA RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT CDP-NA HAS NO UNCERTAIN TAX POSITIONS AS OF MARCH 31, 2022 THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. CDP-NA IS NO LONGER SUBJECT TO EXAMINATIONS BY APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO MARCH 31, 2019. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 2827100 SOUTH AMERICA 0 0 GRANTMAKING 40000 0 0 0 0 0 0 2867100 0 2867100 EUROPE 1) FULFILLMENT OF SUBGRANTS FOR VARIOUS PURPOSES (PROMOTE SCIENCE BASED TARGETS, MITIGATE CLIMATE CHANGE, HALTING DEFORESTATION AND ETC.) AND 2) OPERATING GRANT TO SUPPORT THE GLOBAL ENVIRONMENTAL DISCLOSURE SYSTEM. 2742883 WIRE TRANSFER 0 EUROPE FULFILLMENT OF SUBGRANTS FOR VARIOUS PURPOSES (PROMOTE SCIENCE BASED TARGETS, MITIGATE CLIMATE CHANGE, AND TAXONOMIES) 84217 WIRE TRANSFER 0 SOUTH AMERICA FULFILLMENT OF SUBGRANT TO HELP GROW THE CAPACITY OF CITIES TO ADVANCE SUSTAINABLE, EQUITABLE URBAN INFRASTRUCTURE PROJECTS. 40000 WIRE TRANSFER 0 3 0 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION HAS THE FOLLOWING PROCEDURES FOR MONITORING THE USE OF GRANTS OUTSIDE THE UNITED STATES: CDP NORTH AMERICA (CDP-NA) PROVIDES SUBGRANTS TO FOREIGN ORGANIZATIONS. CDP-NA IS RESPONSIBLE FOR REPORTING TO THE ORIGINAL GRANTORS REGARDING THE GRANT FUND EXPENDITURES, AND CDP-NA HAS REPRESENTATIVES WHICH WORK DIRECTLY WITH THE RECIPIENT ORGANIZATIONS ON THE USE OF THE FUNDS. PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR ITS EXPENDITURES. PART III ACCOUNTING METHOD: 1 WORLD RESOURCES INSTITUTE 10 G STREET NE SUITE 800 WASHINGTON DC 20002 521257057 501(C)(3) 400554 0 FULLFILLMENT OF GRANT DELIVERABLES (THROUGH THE SCIENCE BASED TARGETS INITIATIVE) FOUNDATION FOR THE GLOBAL COMPACT 801 2ND AVE 2ND FLOOR NEW YORK NY 10017 161756484 501(C)(3) 325000 0 FULLFILLMENT OF GRANT DELIVERABLES (THROUGH THE SCIENCE BASED TARGETS INITIATIVE) 2 0 PART I, LINE 2: THE ORGANIZATION HAS THE FOLLOWING PROCEDURES FOR MONITORING THE USE OF GRANTS TO DOMESTIC ORGANIZATIONS: CDP NORTH AMERICA (CDP-NA) PROVIDES SUBGRANTS TO ORGANIZATIONS. CDP-NA IS RESPONSIBLE FOR REPORTING TO THE ORIGINAL GRANTORS REGARDING GRANT FUND EXPENDITURES AND HAS REPRESENTATIVES WHICH WORK DIRECTLY WITH THE RECIPIENT ORGANIZATIONS ON THE USE OF THE FUNDS. X X X 0 0 0 0 0 0 0 1 0 ATELISIKA IYALLA MANAGING DIRECTOR THRU JAN 2022 194601 0 7498 0 326 0 16014 0 13785 0 232224 0 0 0 JONATHAN LABOZZETTA HEAD OF DEVELOPMENT 158590 0 7802 0 500 0 14076 0 45069 0 226037 0 0 0 LORI LLEWELLYN MANAGING DIRECTOR/HEAD OF FINANCE & PEOPLE 150452 0 5371 0 1313 0 13708 0 28448 0 199292 0 0 0 EMILY KREPS GLOBAL DIRECTOR CAPITAL MARKETS THRU SEP 2021 131848 0 8519 0 259 0 11919 0 20670 0 173215 0 0 0 ELIZABETH SMALL GENERAL COUNSEL 146222 0 6090 0 262 0 13160 0 6825 0 172559 0 0 0 BRUNO SARDA FORMER PRESIDENT/DIRECTOR 0 0 0 0 108000 0 0 0 0 0 108000 0 0 0 PART I, LINE 7 INDIVIDUALS REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II RECEIVED BOARD APPROVED DISCRETIONARY BONUS IN 2021. X 1 17746026 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES ADP TOTALSOURCE, A PROFESSIONAL EMPLOYER ORGANIZATION ("PEO"). AS A PROFESSIONAL EMPLOYER ORGANIZATION, TOTALSOURCE PROVIDES PROFESSIONAL EMPLOYER SERVICES TO CDP NORTH AMERICA, INC. (CDP-NA). IN THE PEO RELATIONSHIP, TOTALSOURCE AND CDP-NA SHARE CERTAIN RESPONSIBILITIES AND ALLOCATE OTHER EMPLOYER RESPONSIBILITIES BETWEEN EACH OTHER. CDP-NA REMAINS AN EMPLOYER OF THE WORKSITE EMPLOYEES AND TOTALSOURCE IS A CO-EMPLOYER OF CDP-NA'S EMPLOYEES. TOTALSOURCE RESERVED THE RIGHT OF DIRECTION AND CONTROL OVER EMPLOYEES AS IS NECESSARY TO FULFILL ITS OBLIGATIONS AND PROVIDE ITS SERVICES UNDER AN AGREEMENT BETWEEN CDP-NA AND TOTALSOURCE. TOTALSOURCE AND CDP-NA HAVE A RIGHT TO HIRE, DISCIPLINE, AND TERMINATE EMPLOYEES AS TO EACH ONE'S EMPLOYMENT RELATIONSHIP WITH EMPLOYEES. FEES INCURRED FOR ADP TOTALSOURCE IN FY2022 WERE $185,570. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE CURRENTLY NO COMMITTEES THAT ARE MADE UP OF BOARD MEMBERS. THE FULL BOARD OF DIRECTORS OVERSEES ALL AREAS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS IT FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS THEN REVIEWED BY THE MANAGING DIRECTOR/HEAD OF FINANCE AND PEOPLE AND DIRECTOR OF FINANCE PRIOR TO DISTRIBUTION TO ALL BOARD MEMBERS FOR THEIR REVIEW. ONCE THE FORM 990 IS APPROVED BY THE BOARD, THE RETURN IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CDP NORTH AMERICA, INC. HAS A WRITTEN CONFLICT OF INTEREST POLICY, WHICH IS MONITORED AND ENFORCED ANNUALLY. ALL DIRECTORS, PRINCIPAL OFFICERS AND COMMITTEE MEMBERS WITH GOVERNING BOARD DELEGATED POWERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST THAT MAY EXIST WITH THE ORGANIZATION ON AN ANNUAL BASIS. ANY DISCLOSURES MADE ARE DISCUSSED AS PART OF THE GOVERNANCE AND BUSINESS AGENDA AT THE REGULAR MEETING OF THE BOARD. THE BOARD REVIEWS EACH CIRCUMSTANCE AND DECIDES AS TO WHETHER A POTENTIAL CONFLICT EXISTS, WHETHER ACTUAL CONFLICTS CAN BE FULLY AND SATISFACTORILY ADDRESSED, OR WHETHER OTHER ACTION IS REQUIRED. OUTSIDE LEGAL COUNSEL IS CONSULTED AS PART OF THE DETERMINATION PROCESS, AS NECESSARY. ALL DIRECTORS, PRINCIPAL OFFICERS AND COMMITTEE MEMBERS WITH GOVERNING BOARD DELEGATED POWERS ARE REQUIRED TO INFORM THE BOARD CHAIR OF ANY MATERIAL CHANGES THAT DEVELOP DURING THE YEAR REGARDING THE CIRCUMSTANCES OR ADJUSTMENTS TO INFORMATION DISCLOSED IN THE CONFLICT OF INTEREST DISCLOSURE STATEMENT. IF AN INDIVIDUAL HAS A CONFLICT OF INTEREST, THEY ARE EXCUSED FROM PARTICIPATING IN THE VOTE REGARDING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PAID TO THE MANAGING DIRECTOR / HEAD OF FINANCE AND PEOPLE OF THE ORGANIZATION IS DETERMINED BASED ON A VARIETY OF FACTORS, PERFORMANCE IN THE ROLE, THE RATE OF INFLATION, AND COMPARABILITY DATA INCLUDING FORM 990S OF OTHER ORGANIZATIONS, SALARY SURVEYS, AND OTHER BENCHMARKING DATA OF ORGANIZATIONS COMPARABLE TO CDP-NA AND OTHER ORGANIZATIONS WHICH HAVE POSITIONS WITH SIMILAR TALENT AND SKILLS REQUIRED TO DELIVER THEIR WORK AND ACHIEVE THEIR MISSION. THIS PROCESS WAS LAST UNDERTAKEN IN FY2022. THE DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG, AS WELL AS OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST TO 127 W. 26TH STREET, SUITE 300, NEW YORK, NY 10001. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.