REPORT

TABLE OF CONTENTS INTRODUCTION 04 From the CEO, Chief Scientist, and Board Chair—Thank You 06 United and Driving Impact A CLEAN, PROSPEROUS, AND SECURE LOW-CARBON FUTURE 08 A Winning Formula 12 Tackling Climate Change by Profitably Decarbonizing the Economy 14 Affordable Clean Energy for All 16 Healthy, Efficient Buildings 18 Powering the Economy with Renewables 20 Getting Transportation Off Oil DRIVING IMPACT 24 Creating the Electricity Grid of the Future 26 The Corporate Connection: Going Big With Renewables 28 Transitioning Island-Nations to a Clean Energy Future 30 Driving Efficiency Improvements in the Trucking Industry 32 Making Efficiency Waves in Global Shipping UNRIVALED SUPPORT 10 A Testament to Philanthropic Trust 22 "World's Greatest Money Manager" Invests 34 A Legacy of Giving CARBON 36 Financials ROCKY MOUNTAIN IN STIT U TE WA R R O O M 40 Board of Trustees 42 Donors Transforming global energy use to create a clean, prosperous, and secure low-carbon future.