2021-07-13T09:52:30-05:00 2021-03-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2020-04-01 364709977 CDP NORTH AMERICA INC CDPN 2123782086 127 W 26TH STREET NO 300 NEW YORK NY 10001 ATELISIKA IYALLA MANAGING DIRECTOR 2123782086 2021-07-12 1 ATELISIKA IYALLA 999009999 GARRETT M HIGGINS P00543209 9143818900 2021-07-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ATELISIKA IYALLA 127 W 26TH STREET NO 300 NEW YORK NY 10001 15363143 0 X WWW.CDP.NET/EN X 2011 DE TO PREVENT DANGEROUS CLIMATE CHANGE, PROTECT RESOURCES, AND CREATE A SUSTAINABLE GLOBAL ECONOMY. 7 6 77 8 0 0 4980381 7877918 6094620 7483310 14129 1915 0 0 11089130 15363143 1462016 2243054 0 0 5415329 6137536 0 0 645210 3529814 4479691 10407159 12860281 681971 2502862 8321971 12413803 4286398 5875368 4035573 6538435 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 6012300 2243054 3033328 DISCLOSURE & GLOBAL INITIATIVES:OVER 2,700 NORTH AMERICAN COMPANIES DISCLOSED TO CDP IN 2020 ACROSS OUR CLIMATE, WATER AND FORESTS PROGRAM AREAS. THEY WERE JOINED BY 208 NORTH AMERICAN CITIES, STATES AND REGIONS.IN ADDITION TO INCREASING DISCLOSURE, CDP-NA DROVE INCREASING ACTION AND IMPACT AS EVIDENCED BY THE 93 NORTH AMERICAN COMPANIES THAT SET OR COMMITTED TO SET SCIENCE-BASED TARGETS IN 2020 ALONE, AND THE NOW 88 NORTH AMERICAN COMPANIES THAT ARE WORKING TOWARD OR HAVE ACHIEVED 100% RENEWABLE ENERGY THROUGH RE100.CDP HAS 169 SIGNATORY INVESTORS IN NORTH AMERICA WITH $48.3 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; NET PURPOSE, AN EARLY STAGE STARTUP, IS USING CDP CLIMATE AND WATER DATA TO BUILD ESG PRODUCTS FOR INVESTORS TO ASSESS THE IMPACT OF THEIR PORTFOLIOS; 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. 5207857 4116110 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 88 MEMBERSHIPS ACROSS 76 NORTH AMERICAN COMPANIES, WHICH BENEFIT FROM STRATEGIC ACCOUNT MANAGEMENT AND ENHANCED DATA ACCESS THAT SUPPORT IMPROVEMENT IN THE QUALITY OF THEIR DISCLOSURE.THROUGH CDP SUPPLY CHAIN, 61 NORTH AMERICAN COMPANIES, WITH OVER $1.6 TRILLION IN PURCHASING POWER, COLLECTED DATA FROM MORE THAN 8,600 GLOBAL SUPPLIERS IN 2020 MANY OF WHICH WOULD NOT OTHERWISE DISCLOSE THEIR ENVIRONMENTAL IMPACT. 175681 333872 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. 11395838 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 77 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY CA X X LORI LLEWELLYN 2123782086 127 W 26TH STREET NO 300 NEW YORK NY 10001 BRUNO SARDA PRESIDENT THRU OCT 2020/DIRECTOR MARCH 2021 40.00 X X 265459 0 58266 MARTIN WISE BOARD CHAIR 1.50 X X 0 0 0 MARTIN WHITTAKER TREASURER 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 USHA RAO-MONARI DIRECTOR 1.00 X 0 0 0 DAVID WOLFSON DIRECTOR 1.00 X 0 0 0 ATELISIKA IYALLA HEAD OF SUPP THRU SEPT 2020/MANAGING DIR.OCT 2020 40.00 X 137076 0 25939 LORI LLEWELLYN HEAD OF FINANCE AND PEOPLE 40.00 X 102251 0 37717 EMILY KREPS GLOBAL DIRECTOR, CAPITAL MARKETS 40.00 X 179061 0 43759 JONATHAN LABOZZETTA HEAD OF DEVELOPMENT 40.00 X 158939 0 62466 ELIZABETH SMALL GENERAL COUNSEL 40.00 X 109334 0 7123 ANDREA TENORIO OPERATIONAL PLANNING LEAD 40.00 X 104449 0 26753 1056569 0 262023 7 0 1 0 ADP TOTALSOURCE 10200 SUNSET DRIVE MIAMI FL 33173 PAYROLL ADMIN FEES 149290 PAULA DIPERNA PO BOX 467 COOPERSTOWN NY 13326 ENVIRONMENTAL CONSULTANT 106380 2 863905 7014013 7877918 MEMBERSHIP PROGRAM SERVICE FEES 813312 4116110 4116110 GLOBAL PROGRAM 813312 3033328 3033328 PARTNERSHIPS AND EVENTS 813312 333872 333872 7483310 1915 1915 15363143 7483310 0 1915 2243054 2243054 988874 782818 111646 94410 4012550 3176438 453025 383087 293863 232629 33178 28056 516100 408558 58269 49273 326149 258188 36823 31138 153423 121453 17322 14648 14758 13494 830 434 35348 32319 1990 1039 44707 40876 2517 1314 107987 107987 397963 389888 5302 2773 128757 104675 6737 17345 2946000 2946000 375407 328594 30757 16056 27737 4050 23630 57 5690 831 4847 12 49555 43377 4058 2120 25258 23094 1422 742 ENVIRONMENTAL REPORT 151507 124786 25262 1459 STAFF DEVELOPMENT 8944 7080 1010 854 REPAIR AND MAINTENANCE 4595 4022 376 197 RECRUITMENT EXPENSE 2055 1627 232 196 12860281 11395838 819233 645210 2299708 2720426 1159654 1237628 709578 2467000 2645296 4052077 0 1700948 854895 475 441394 303420 187529 137974 465311 97275 8321971 12413803 920858 926868 3319229 3903127 46311 1045373 4286398 5875368 X 2493895 3549225 1541678 2989210 4035573 6538435 8321971 12413803 2502862 0 X X 0 1 X 1 0 X 3064119 6402953 2289255 4980381 7877918 24614626 3064119 6402953 2289255 4980381 7877918 24614626 7262534 17352092 211 105 105 14129 1915 16465 24631091 26351110 0.70450 0.78800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 211958 210901 1057 229436 92519 136917 137974 DEFERRED RENT 51495 DUE TO CDP WORLDWIDE 993878 1045373 X 15393597 30454 30454 15363143 0 15363143 12890735 30454 30454 12860281 0 12860281 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, 2021 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, 2018. 1 EUROPE 0 0 GRANTMAKING 2243054 0 0 0 0 0 0 2243054 0 2243054 EUROPE 1) FULFILLMENT OF SUBGRANT FOR VARIOUS PURPOSES (PROMOTE SCIENCE BASED TARGETS IN INDIA, MITIGATE CLIMATE CHANGE, HALTING DEFORESTATION AND ETC.) AND 2) OPERATING GRANT TO SUPPORT THE GLOBAL ENVIRONMENTAL DISCLOSURE SYSTEM. 1800620 WIRE TRANSFER EUROPE 1) FULLFILLMENT OF GRANT DELIVERABLES FROM NEW VENTURE FUND, AND 2) FULFILLMENT OF SUBGRANT FOR THE MOORE FOR CLIMATE DISCLOSURE STANDARDS BOARD GRANT. 442434 WIRE TRANSFER 2 0 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION HAS THE FOLLOWING PROCEDURES FOR MONITORING THE USE OF ITS 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: X X X 0 0 0 0 0 0 0 1 0 BRUNO SARDA PRESIDENT THRU OCT 2020/DIRECTOR MARCH 2021 200146 0 64327 0 986 0 22806 0 35460 0 323725 0 0 0 EMILY KREPS GLOBAL DIRECTOR, CAPITAL MARKETS 168700 0 10015 0 346 0 13922 0 29837 0 222820 0 0 0 JONATHAN LABOZZETTA HEAD OF DEVELOPMENT 149280 0 9193 0 466 0 13755 0 48711 0 221405 0 0 0 ATELISIKA IYALLA HEAD OF SUPP THRU SEPT 2020/MANAGING DIR.OCT 2020 130387 0 6487 0 202 0 11197 0 14742 0 163015 0 0 0 PART I, LINE 7 DISCRETIONARY BONUSES WERE PAID TO THE FOLLOWING INDIVIDUALS IN CALENDAR YEAR 2020 AS REPORTED ON SCHEDULE J, PART II, COLUMN B(II) AND INCLUDED ON THE FORM 990, PART VII COLUMN (D). - BRUNO SARDA, PRESIDENT, $64,327 - EMILY KREPS, GLOBAL DIRECTOR, CAPITAL MARKETS, $10,015 - JONATHAN LABOZZETTA, HEAD OF DEVELOPMENT, $9,193 - ATELISIKA IYALLA, MANAGING DIRECTOR, $6,487 - LORI LLEWELLYN, HEAD OF FINANCE AND PEOPLE, $4,648 - ANDREA TENORIO, OPERATIONAL PLANNING LEAD, $5,913 - ELIZABETH SMALL, GENERAL COUNSEL, $2,400 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 PAID TO ADP TOTALSOURCE IN FY2021 WERE $153,423. 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 HEAD OF FINANCE AND PEOPLE AND MANAGING DIRECTOR 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. (CDP-NA) 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 ON THE FORM ARE DISCUSSED AS PART OF THE GOVERNANCE AND BUSINESS AGENDA AT THE FOLLOWING 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 CDP-NA 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 OF THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PAID TO THE MANAGING DIRECTOR OF THE ORGANIZATION IS DETERMINED BASED ON A VARIETY OF FACTORS, INCLUDING THE EMPLOYEE'S LEVEL OF RESPONSIBILITY AND PERFORMANCE IN THE ROLE, THE RATE OF INFLATION, AND COMPARABILITY DATA INCLUDING FORM 990S OF OTHER ORGANIZATIONS, SALARY SURVEYS, AND OTHER BENCHMARKING DATA OF ORGANIZATION'S 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 JANUARY 2021 FOR IMPLEMENTATION IN JULY 2021. THE DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED. CDP-NA'S MANAGING DIRECTOR IS RESPONSIBLE FOR ASSESSING THE PERFORMANCE OF THE HEAD OF FINANCE AND PEOPLE VIA AN ANNUAL REVIEW WHICH AFFECTS COMPENSATION. 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, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST TO 127 W. 26TH STREET, SUITE 300, NEW YORK, NY 10001. FORM 990, PART XII, LINE 2C: THE FINANCE AND AUDIT COMMITTEE 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.