One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler

 
One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler
One changing climate, one changing world
                      Have your investments changed?

Presenter’s Details
Date
One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler
Agenda

  What is climate change?
  A new world of investment opportunities
  DWS Climate Change Fund
One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler
One changing climate, one changing world
                      What is climate change?

Presenter’s Details
Date
One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler
Climate change warning signs

Heat waves and periods of unusually warm weather
Ocean warming
  „ Arctic and Antarctic warming

  „ Glaciers   melting
  „ Sea   level rising
  „ Coastal    flooding
Increasingly random and extreme weather patterns
  „ Hurricanes

  „ Flooding

  „ Droughts

  „ Tsunamis
One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler
Climate change evidence

The Earth is now at its highest temperature in the past 1,300 years1
Carbon dioxide levels are at an all-time high and are increasing 200
times faster than at any time in the last 650,000 years1
"Even if we halted all emissions, the climate would continue to warm
up”2
"Greenhouse gases survive for more than 100 years in the
atmosphere"2
1UN   climate report, 2/3/07, 5/4/07
2Professor  Martin Classen, Max Planck Institute for Meteorology
One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler
Reasons for climate change

Changing world
„   Rapidly growing population
„   Industrialization of the developing world
Increased burning of fossil fuels and deforestation
Greenhouse gases increase
„   Emissions thicken Earth’s greenhouse blanket
„   Gases become trapped
„   The surface temperature rises
„   The ozone layer thins
One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler
The sources of greenhouse gas emmissions

 60%-plus of greenhouse gas emissions come from CO2
 75% of greenhouse gas emissions come from OECD countries
                                                        Industry
                                                          14%
                              Other energy
                                 related                                                 Power
                                   5%                                                     24%

                                Waste
                                 3%

                                                                                          Transport
                                  Agriculture                                               14%
                                     14%

                                               Land use                      Buildings
                                                 18%                           8%

Source: World Resources Institute, 2006. The Organisation for Economic Co-operation and Development (OECD) is an international organization
of 30 developed countries that accept the principles of representative democracy and a free market economy.
One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler
Rising temperatures could have a profound impact

Source: Stern Review on the Economics of Climate Change, 2007
One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler
One changing climate, one changing world
                      A new world of investment opportunities

Presenter’s Details
Date
One changing climate, one changing world - Have your investments changed? Presenter's Details - Gensler
A new world of investment opportunities?

The market for low-carbon energy products could range from $500
billion to $1 trillion per year over the next five years
„ Could surpass $2 trillion per year by 2050

Largest private equity recipients in 2006—alternative energy
New markets may be created as consumers and companies look for
ways to decrease energy consumption
Financial services firms could benefit from increased activity in
designing instruments that tap into the growing demand in new
markets
Capital markets could play a critical role in raising funding for new
businesses in emerging technologies
Source: Stern Review on the Economics of Climate Change, 2007
Ways to invest in climate change
Finding companies responding to climate change
         A clean technology company
         Companies that manufacture “green” products
         Companies that are improving their operations to lessen their negative environmental impact
         A commercial forestry company that has engaged in a wide-scale reforestation effort, which is helping to
            reduce the level of CO2 in the atmosphere

         An energy-efficient company
         A leading manufacturer of automotive interior equipment
         Created a new type of foam pad used in the creation of vehicle seats
         Decreases dependence on petroleum products
         Less environmental impact

         An environmental management / damage limitation company
         One of the world’s largest consultancy firms
         Operates across Europe, conducting major activities in the environmental sector, including projects
           involving water, waste, land-use planning, nature conservation, railroad construction and renewable
           energy
         Helps protect against flooding
One changing climate, one changing world
                      DWS Climate Change Fund

Presenter’s Details
Date
Important risk information

DWS Climate Change Fund is subject to stock market risk. Investing
in foreign securities, particularly in emerging markets, presents
certain unique risks not associated with domestic investments, such
as currency fluctuation, political and economic changes, including
emerging markets and market risks. Stocks of small-cap companies
involve greater risk than securities of larger, more-established
companies, as they often have limited product lines, markets or
financial resources and may be subject to more-erratic and more-
abrupt market movements. Additionally, the fund concentrates its
investments in climate-change-related companies, increasing its
vulnerability to industry risks and regulatory developments. All of
these factors may result in greater share price volatility. Please read
the prospectus for specific details regarding the fund’s risk profile.
The DWS Investments difference

Climate change asset management expertise
Deutsche Asset Management manages $2.9 billion in climate
change assets globally (as of November 2007)
DWS Climate Change Fund's investment team is composed of a
climate change investment committee, portfolio managers, global
theme analysts and global sector analysts.
Investment process

Incorporates both top-down and bottom-up approaches
Top-down inputs include environmental and macroeconomic trends
Stock selection based on fundamental, bottom-up research
Top-down analysis
                                             Long-term trends
   Macroeconomic trends
                                       (energy, demographics, consumer
       (GDP, interest rates,
                                    needs, technological change, subsidies
  consumption and investment,
                                    for alternative energies, agro and water
  currencies, commodity prices,
                                        supply, carbon emisissions, crop
 money flows, leading indicators,
                                        reports, develpoment commodity
               etc.)
                                                  marktes, etc.)

                                                                               Political environment
                          Sector earnings                                         (legal, fiscal and
                             dynamic                                             economic certainty,
                                                                                geopolitical tensions)

                                                                                    Valuations
                                                                               (risk premium, dividend
                                                                                 and earnings yield to
                               Identification of trends                          bond and cash yield,
                               and themes                                           credit spreads)

                               Asset, country and
                               sector allocation                                Market sentiment
                                                                               (level of euphoria, risk
                                                                               aversion, consensus)
Bottom-up stock selection screening

Companies with an established market share or at least 20% of their
revenue derived from the fund’s investment themes (clean
technology, energy efficiency, environmental management/damage
limitation)
Companies with a unique and promising approach to solutions in
our investment universe
A strategic or regional advantage in comparison to peer group
Sound and proven management with an established track record in
their area, close relationship to management
DWS Climate Change Fund characteristics

Invests in global equities across the market-cap spectrum (small-cap, mid-
cap, large-cap)
No regional focus
Actively managed—i.e., managers select stocks instead of mimicking a
benchmark index
Buy-and-hold strategy
Fully invested
Invests in almost all sectors of the MSCI World Index
Broad diversification: 80 to120 stocks
Performance driven by stock selection via fundamental, bottom-up research
Maximum single-stock exposure 4% of net asset value (NAV)
Benchmark index: MSCI World Index

The MSCI World Index is a measure of stock markets around the world, including North America, Europe, Australia and Asia.
Important information

                                                                                                      © 2008 DWS Investments Distributors, Inc. All rights reserved. (12/07) 52804
 OBTAIN A PROSPECTUS
 To obtain a prospectus, download one from www.dws-investments.com, talk to your financial
 representative or call Shareholder Services at (800)-522-1441.
 We advise you to carefully consider the product’s objectives, risks, charges and expenses before
 investing. The prospectus contains this and other important information about the investment
 product. Please read the prospectus carefully before you invest.

 NOT FDIC/NCUA INSURED MAY LOSE VALUE
 NO BANK GUARANTEE NOT A DEPOSIT
 NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

DWS Investments is part of Deutsche Bank's Asset Management division and, within the US, represents
the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas,
Deutsche Investment Management Americas Inc. and DWS Trust Company.
DWS Investments Distributors, Inc.
222 South Riverside Plaza Chicago, IL 60606-5808
www.dws-investments.com rep@dws.com
Tel (800) 621-1148
INVESTING WITH GREEN PRINCIPLES
INVESTING WITH GREEN PRINCIPLES

SUSTAINABLE DESIGN:
Opportunity for Impact

Presented by Nellie Reid at Mobius LA   10.16.08
INVESTING WITH GREEN PRINCIPLES

The “Triple Bottom Line” Of Sustainability
                                            ECONOMIC
                                   Become eligible for available incentives
                                      Reduce hauling & disposal costs
                                   Reduce annual energy and O&M costs
                                 Increase productivity / reduce absenteeism
                                Improve financial performance / asset value

ENVIRONMENTAL                                                                       SOICAL
Conserve limited resources                                                     Improve occupant health
 (energy, water, materials)                                                   Enhance occupant comfort
Reduce pollution (air, water)                                                   Community education
 Preserve natural habitats                                                       Boost public image
INVESTING WITH GREEN PRINCIPLES

Increasing Cost of Energy
INVESTING WITH GREEN PRINCIPLES

U.S. Average Natural Gas Price
INVESTING WITH GREEN PRINCIPLES

Global Emissions of CO2 Continue to Grow

  Source: USGBC
INVESTING WITH GREEN PRINCIPLES

Cost Comparison of CO2 Reduction Strategies

    Source: McKinsey Quarterly Report
INVESTING WITH GREEN PRINCIPLES

U.S. Energy Consumption by Sector

Source: SF Environment
INVESTING WITH GREEN PRINCIPLES

U.S. Buildings account for…

 12%                  30%             65%      70%
 Water Use            Greenhouse      Waste    Electricity
                      Gas Emissions   Output   Consumption

Source: USGBC
INVESTING WITH GREEN PRINCIPLES

Average Savings of Green Buildings
INVESTING WITH GREEN PRINCIPLES

Architecture 2030 Challenge
  THE CHALLENGE                                          By 2035, 3/4 of the
  All new buildings and major renovations:               U.S. building stock
                                                         will be either new or
  60% fossil fuel reduction by 2010
                                                         renovated - AIA
  80% fossil fuel reduction by 2020
  Carbon neutral by 2030
  U.S. Conference of Mayors and the American
  Institute of Architects have partnered in this challenge
  along with many other groups

  THE SOLUTIONS
  Passive Design Strategies
  Active Technologies
  Carbon Offsets

  http://www.architecture2030.org/
INVESTING WITH GREEN PRINCIPLES

ENERGY STAR Ratings for buildings
 • Focus is on energy performance (and
   associated climate change impacts)

 • 7 step program

 • Looks for continuous improvements
   (annual performance assessments are
   encouraged)

 • Utilizes the Energy Star Portfolio
   Manager to track energy performance
   and benchmark building.

 • The facility's performance is rated on a
   scale from 1 to 100. A facility that
   scores 75 or higher is eligible to receive
   the ENERGY STAR label.

 http://www.energystar.gov
INVESTING WITH GREEN PRINCIPLES

LEED Rating System

    LEADERSHIP IN ENERGY & ENVRONMENTAL DESIGN

    5 Major Categories:            Currently Available
    Sustainable Sites              LEED-NC (new construction and major
    Water Efficiency               renovations)
    Energy & Atmosphere            LEED-CI (commercial interiors)
    Materials & Resources          LEED-EB (existing buildings)
    Indoor Environmental Quality   LEED-CS (core & shell)
    Plus:
    Innovation Points              Pilot Programs
    LEED Accredited Professional   LEED-H (homes)
    4 Certification Levels:        LEED Application Guides
    Certified                      LEED-ND (neighborhood developments)
    Silver                         LEED for Schools – K-12 (currently in public
    Gold                           draft stage)
    Platinum                       LEED Portfolio
INVESTING WITH GREEN PRINCIPLES

Initial Cost Premiums
INVESTING WITH GREEN PRINCIPLES

Financial Benefits

                                  $16.00
INVESTING WITH GREEN PRINCIPLES

LEED Registered & Certified Buildings

        605 Certified Projects
        4300 Registered Projects
        78 Million GSF in 50 States & 13 Countries
INVESTING WITH GREEN PRINCIPLES

Green Building Incentive Programs

 FEDERAL                                   State (CA)
                                           Savings by Design: up to $150,000
 •   Energy Efficient Commercial           rebate applied towards energy modeling
     Buildings Tax Deduction: $0.30-       and applied energy efficiency
     $1.80 per square foot, depending      measures)
     on technology and amount of
     energy reduction.                     Emerging Renewables Program:
 •   Solar: 30% tax credit for the         Cash incentives for grid-connected
                                           small wind and fuel cell renewable
     installation of qualifying solar
                                           energy electric-generating systems.
     equipment on buildings.
 LOCAL (SO CAL)                            California Solar Initiative: $2.50 per
                                           watt.
 •   Los Angeles, Pasadena, Santa
     Monica, Beverly Hills, Santa Clara,
                                           So Cal Gas Co’s Energy Efficiency
     Anaheim, Burbank, Glendale
                                           Program for commercial and industrial
                                           large business customers provides up
                                           to $1 million per eligible premise per
                                           year.
INVESTING WITH GREEN PRINCIPLES

State of Nevada Tax Incentives

• Assembly Bill 621 (signed into law June 15, 2007)
    • Reduces property tax incentives from AB 3
    • Superimposes minimum energy performance component

                                Min.                                 Amount of
     Level      LEED Points               Term of Abatement
                              EAc1 Pts                               Abatement
    Certified      26-32         2       No property tax incentive

      Silver       33-36         3              10 Years                25%
      Gold         39-51         5              10 Years                30%
    Platinum       52-69         8              10 Years                35%
INVESTING WITH GREEN PRINCIPLES

Insurance Benefits for Sustainable Design

 In October 2006, Fireman’s
 Fund received regulatory
 approval to offer a 5%
 property insurance discount
 on LEED or GreenGlobe
 certified buildings.
                                  “Fireman’s Fund Insurance Co. Website”
                                  www.firemansfund.com
INVESTING WITH GREEN PRINCIPLES

CITY CENTER                               Las Vegas, Nevada: Registered LEED Silver

Projected 30%
reduction in energy use
 •   High performance glazing and
     cool roofing materials
 •   Centralized cogeneration plant
     recovers waste heat (CHP)
 •   State-of-the-art building mgmt.
     systems and controls for
     optimized energy performance

Projected 30% reduction in
potable water use
 •   Studying use of greywater and/or
     reclaimed water for make up
     water in the cooling towers
 •   Water conserving plumbing fixtures

Goal is to minimize water use
for landscape irrigation by 50%
• Selection of plant types that require low amounts of water and high-efficiency irrigation
INVESTING
CITYCENTER:   WITH GREEN
            MANDARIN ORIENTAL PRINCIPLES
                              BY KPF, THE HARMON BY FOSTERS + PARTNERS
INVESTING     WITH
 CITYCENTER: VEER   GREEN
                  TOWERS     PRINCIPLES
                         BY MURPHY/JAHN, VDARA BY VINOLY
INVESTING
INVESTINGWITH
          WITHGREEN
               GREENPRINCIPLES
                      PRINCIPLES

The “Triple Bottom Line”
Return on Investment (ROI) Analysis
• (0) Many strategies have no incremental capital cost
• (+) Initial capital cost premium (estimated at less than 1%) includes:
    • Certain materials
    • Certain building systems and controls
    • Indoor air quality management and technologies
• (-) Nevada State Tax incentives and other savings:
    • Property Tax abatement (up to 50% for up to10 years, depending on LEED
       rating level)
    • Sales Tax reduction (on construction materials purchased for project)
    • Reduced energy and water bills and other long-term operational cost
       savings
• (=) ROI for achieving LEED Silver….less than one year!
INVESTING WITH GREEN PRINCIPLES

BANK OF AMERICA                                                Adelanto Marketplace

This 5,022 sf adaptation of Bank of America’s prototypical retail banking center is a learning laboratory for
ideas to roll out nationwide. It is attempting a LEED Platinum rating.
INVESTING WITH GREEN PRINCIPLES

BANK OF AMERICA                         Adelanto Marketplace

• Projected 60% reduction in energy use
• Projected 40% reduction in potable water use
INVESTING WITH GREEN PRINCIPLES
INVESTING WITH GREEN PRINCIPLES

SUSTAINABLE DESIGN:
The Most Cost-Effective
Opportunity for Impact
Presented by Nellie Reid at Mobius LA   10.16.08
The VALUE of Good Lighting

           Kathy Pryzgoda
 Principal Designer, Light Studio LA,
                INC.

          www.lightstudioLA.com
DAYLIGHTING:
    Our MOST efficient SOURCE-the SUN!

           LIGHTING CONTROLS:
“The Lamp that saves the most energy is the one
             that is switched OFF!”

        Efficient LIGHT TECHNOLOGY:
         Are LED’s the “Magic Bullet”?

            www.lightstudioLA.com
DAYLIGHTING:
      DAYLIGHTING:
The
The SUN
    SUN is
        is our
           our MOST
               MOST efficient
                    efficient
         SOURCE
         SOURCE

       www.lightstudioLA.com
DAYLIGHTING-SITING
   DAYLIGHTING-SITING the the
           Building
           Building
Take
Take advantage
     advantage of
               of Nature’s
                  Nature’s BEST
                           BEST
          Luminaire!
          Luminaire!

        www.lightstudioLA.com
DAYLIGHTING-FENESTRATION
DAYLIGHTING-FENESTRATION
   Consider
    Consider Clerestories
             Clerestories instead
                           instead of
                                   of Skylights
                                      Skylights
  -Allow
   -Allow LIGHT
          LIGHT impact
                 impact without
                        without HEAT
                                 HEAT impact!
                                        impact!

              www.lightstudioLA.com
DayLIGHTING:
     DayLIGHTING: SOLUTION
                  SOLUTION
  • Model light with the “HelioDome”, it’s free!

Local Source: Southern California Ed’s “CTAC”
www.sce.com/ctac
               www.lightstudioLA.com
DayLIGHTING:
DayLIGHTING: SOLUTION
             SOLUTION

     www.lightstudioLA.com
LIGHTING
         LIGHTING CONTROLS:
                  CONTROLS:
““The
  The Lamp
      Lamp that
            that saves
                 saves the
                        the most
                            most energy
                                 energy is
                                         is the
                                             the one
                                                 one that
                                                      that is
                                                            is switched
                                                               switched
                                OFF!”
                                OFF!”

                    www.lightstudioLA.com
LIGHTING
           LIGHTING
      CONTROLS:SOLUTION
      CONTROLS:SOLUTION
          DAY
          DAY LIGHT
              LIGHT HARVESTING
                    HARVESTING
Take ADVANTAGE the SUN during the HOURS we
                  need to
           CONSERVE the most!

            www.lightstudioLA.com
LIGHTING
LIGHTING CONTROLS:
         CONTROLS:
     SOLUTION
     SOLUTION
CaseDAYLIGHT
     Study: AIA-San
    DAYLIGHT  HARVESTING
                    Francisco
              HARVESTING

     www.lightstudioLA.com
G      G
          CONTROLS:SOLUTION
          CONTROLS:SOLUTION
        Use
        Use Occupancy
            Occupancy Sensors
                      Sensors and
                              and
                Dimmers
                Dimmers

If you Dim your lights 25% you save 20% on electricity
      And you extend the life of the bulb 4 times!

                          www.lightstudioLA.com
EFFICIENT
         EFFICIENT LIGHTING
                          LIGHTING
                  TECHNOLOGY:
                   TECHNOLOGY:
 Are
 Are LED’sLED’s the
Lumens per watt: ??
                     the “Magic
                         “Magic Bullet”?
                                Bullet”?
                                Color temperature?

                        Price?

                           Color rendering?

               www.lightstudioLA.com
EFFICIENT
     EFFICIENT LIGHTING
               LIGHTING
        TECHNOLOGY:
        TECHNOLOGY:
LED’s
LED’s are
      are still
          still evolving
                evolving (70+
                         (70+ Lumens
                              Lumens per
                                     per watt)
                                         watt)

               www.lightstudioLA.com
Efficient
  Efficient LIGHT
            LIGHT TECHNOLOGY:
                  TECHNOLOGY:
              SOLUTION
              SOLUTION
AA (5watt)
    (5watt) LED
            LED Step
                Step light
                      light is
                             is brighter
                                brighter than
                                          than aa 20watt
                                                  20watt Halogen!
                                                         Halogen!

                      www.lightstudioLA.com
Efficient
     Efficient LIGHT
               LIGHT TECHNOLOGY:
                     TECHNOLOGY:
                 SOLUTION
                 SOLUTION
           FLUORESCENT
           FLUORESCENT (90+
                        (90+ lumens
                              lumens per
                                     per watt)
                                         watt)

•   Good Color Rendering
•   Different Color Temps.
•   Electronic Ballasts
•   20,000 hours
•   It’s dimmable!

                    www.lightstudioLA.com
Efficient
Efficient LIGHT
          LIGHT TECHNOLOGY:
                TECHNOLOGY:
            SOLUTION
            SOLUTION
   METAL
   METAL HALIDE
         HALIDE (80+
                 (80+ Lumens
                      Lumens per
                             per Watt)
                                 Watt)

   Metal Halide isn’t just for Parking Lots anymore!

               www.lightstudioLA.com
Efficient
       Efficient LIGHT
                 LIGHT TECHNOLOGY:
                       TECHNOLOGY:
                   SOLUTION
                   SOLUTION
       Metal
       Metal Halide
             Halide is
                     is perfect
                        perfect for
                                 for Retail
                                     Retail (80+lumens
                                             (80+lumens per
                                                        per watt)
                                                            watt)
 •   Good Color Rendering
 •   Warm Color Temp.
 •   Small Par20 Lamps
 •   15,000 hours

Metal Halide 39watt Par 20= 2000 lumens
 Halogen 50watt Par 20 = 500 lumens

                             www.lightstudioLA.com
DAYLIGHTING:SOLUTION
             DayLight Modeling

    LIGHTING CONTROLS: SOLUTION
 DayLIGHT Harvesting, Sensors and Dimmers

 Efficient LIGHT TECHNOLOGY: SOLUTION
Use a variety of Energy efficient lamps including:
       LED, Fluorescent, and Metal Halide

            www.lightstudioLA.com
The VALUE of Good Lighting

           Kathy Pryzgoda
 Principal Designer, Light Studio LA,
                INC.

          www.lightstudioLA.com
investing with green principles

                      eco-friendly nail salon
a warm welcome

            eco-friendly nail salon
comfortable

              eco-friendly nail salon
healthy & safe

             eco-friendly nail salon
holistic approach

               eco-friendly nail salon
downtown shopping district

                   eco-friendly nail salon
embrace existing conditions

before                                   after

                        eco-friendly nail salon
passive cooling

             eco-friendly nail salon
stunning eco surfaces

                eco-friendly nail salon
striking countertops

                eco-friendly nail salon
attractive furniture & fabric

                     eco-friendly nail salon
efficient & effective systems

                     eco-friendly nail salon
most effective things you can do
NO COST
•open curtains on south-facing windows during the day, close at night
•lower water heater temp to 120°: $12/yr
•set thermostat as low as comfortable: $18/yr for 3°
•turn thermostat back 10-15° while sleeping or away and save 10%
•wash clothes in cold water: $18/yr
•air dry clothes during summer: $43/yr
•turn off unneeded lights: $21/yr
•close fireplace damper when not using fireplace
•when using fireplace, open dampers in the bottom or open a nearby
window 1” and close nearby doors
•turn off unneeded lights: $21/yr

                                                  eco-friendly nail salon
most effective things you can do
LOW COST
•get a setback and save up to 15% on heating: $58/yr
•energy-saving appliance features, including power-down or sleep
mode on PC: $43/yr
•electronic power-controlling devices for older appliances
•stop air leaks: $80/yr
•insulate water heater: $15/yr
•add attic insulation: $116/yr
•install efficient showerheads: $21/yr
•weatherize windows: $34/yr
•faucet aerators: $6/yr
•seal and insulate ducts: $82/yr
•replace 6 interior incandescents: $32/yr
adapted from www.rmi.org and www.energysavers.gov

                                                    eco-friendly nail salon
investing with green principles

                      eco-friendly nail salon
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