FW: Climate Change & Insitutional Investors/Visit to Washington

From:frederic.samama@amundi.com To: john.podesta@gmail.com Date: 2015-08-07 18:15 Subject: FW: Climate Change & Insitutional Investors/Visit to Washington

Dear John, I read with a great level of interest the recent statements made by Hillary Clinton on short-termism. This very topic is one which Joseph Stiglitz refers to in Rewriting the Rules of the American Economy (proposal 9) when referencing our work. As per my previous email on climate change and the mobilization of asset owners around the world (and how governments are now leveraging this), I will be in NYC and Washington from August 17 to 20 and would be glad to stop by your office at your convenience. Best regards, Fred Dear John, I can be in either NYC or Washington ‎July 30 and 31 (and if needed, July 29). Best regards, Fred Envoyé de mon smartphone BlackBerry 10 sur le réseau SFR. De: John Podesta Envoyé: lundi 20 juillet 2015 17:50 À: Samama Frederic (AMUNDI) Objet: Re: Climate Change & Insitutional Investors/Visit to Washington I'm out West on the 24th. Let me know the next time you are in DC or NYC. On Monday, July 20, 2015, Samama Frederic (AMUNDI) <frederic.samama@amundi.com<mailto:frederic.samama@amundi.com>> wrote: Dear John, I hope this email finds you well. I am glad to report that we are witnessing a striking development in response to climate change: investors are increasingly tackling climate change-related risks. This movement is due to: - A growing awareness of the economic risks presented by climate change (e.g. exposure to increased taxation and stranded assets), - The emergence of innovative investment solutions aimed at reducing these risks, - The establishment of knowledge transfer organizations to exchange best practices, such as the Portfolio Decarbonization Coalition (PDC). o The PDC is supported by the United Nations and by its Environment Program (UNEP), o PDC signatories have recently made a commitment to decarbonize $45 billion of their portfolios, o This initiative sends a strong message to the investor community: reducing climate change related risk is feasible and is being undertaken on a large scale. The policy makers are very interested into these initiatives: • The Chief Economist of People’s Bank of China asked me to present our work at his own conference three weeks ago, • France is accelerating this process by passing a law that makes the carbon footprint mandatory for all asset owners, • President Francois Hollande referred to our project in his recent speech (after Ban Ki-moon and Dr Kim). I am attaching a couple of documents for your review. Please be advised, I will be in Washington this Friday (July 24) and will be glad to catch-up with you if it works well with your schedule. Alternatively, I should return back to the US mid-August. Kind regards, Fred Ps I am attaching a 2 page note, a ppt presentation and an academic paper.