THE CLIMATE TRUST

Invest with purpose.

aka NATIONAL CLIMATE TRUST / OREGON CLIMATE TRUST   |   Portland, OR   |  www.climatetrust.org

Mission

The Climate Trust mobilizes conservation finance to maximize environmental returns. The Climate Trust is headquartered in Portland, Oregon and operates across the United States.

Ruling year info

2008

Chief Operating Officer

Mr. Sheldon Zakreski

Chief Investment Officer

Mrs. Kristen Kleiman

Main address

80 SE Madison St Ste 420

Portland, OR 97214 USA

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EIN

26-0760633

NTEE code info

Natural Resource Conservation and Protection (C30)

Forest Conservation (C36)

Pollution Abatement and Control Services (C20)

IRS filing requirement

This organization is required to file an IRS Form 990-N.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

NW Natural Smart Energy

Thousands of homes and business are reducing their natural gas use and offsetting the rest with Smart Energy from NW Natural. For as little as $5.50 a month, NWN customers can support innovative environmental projects here in the Western United States.

Through the Smart Energy program, NW Natural and The Climate Trust will invest in carbon offset projects that are most compatible with NW Natural's business—natural gas distribution. The major focus will be investments in biogas development. The major focus will be investments in biogas development in our region. And with 14 million pounds of cow waste generated in Oregon each day, there's a lot of potential energy just waiting to be utilized. Smart Energy dollars are invested in projects that prevent the release of greenhouse gases.

In exchange for customer contributions, Smart Energy participants will have "Carbon Offsets" retired on their behalf. By helping a project become financially viable, they'll get credit for greenhouse gases removed or kept out of the atmosphere - equal to the amount of carbon dioxide created by their own natural gas use.

While many types of projects can provide positive environmental benefits, NW Natural focuses on biogas, which has the greatest potential to significantly reduce greenhouse gas emissions.

While natural gas is the cleanest burning fossil fuel, NW Natural believes we all must participate in finding ways to tackle the climate change challenge. Along with using energy as efficiently as possible, we think participating in Smart Energy is a step in the right direction.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of list subscribers

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

This metric represents the number of subscribers to The Climate Trust's monthly newsletter.

Number of press releases developed and distributed

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The number of media releases published each year by The Climate Trust.

Number of return website visitors

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Total tons of greenhouse gas reduced

This metric is no longer tracked.
Totals By Year
Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

We invest in high-quality greenhouse gas reduction projects from diverse sectors, with a focus on forestry, grassland conservation, and livestock digesters.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

From miserable heat waves, abundant drought, millions of acres lost to wildfires, and severe storms leaving people injured, homeless and much worse, it is no longer an option to deny the link between extreme weather events and climate change. The Trust encourages urgent action to confront this reality, accelerating the pace of carbon mitigation through conservation finance, and contributing to a reduction in our country's dependence on fossil fuels by helping industries to regulate and reduce their carbon pollution. The Trust works with industries that have regulatory requirements and those who choose to voluntarily reduce their impact. Further, in order to arrest the rise in greenhouse gas emissions and to avoid the most dangerous impacts of climate change, The Trust works to accelerate project implementation, develop financing solutions, and establish a supportive policy environment in the forestry, biogas, and grassland conservation sectors.

The Trust's primary audiences include: impact investors, project developers, and organizations seeking to meet carbon mitigation goals. The Trust offers greater potential for carbon mitigation by investing proceeds from their managed carbon investment fund into critical early-stage projects; providing immediate value for the project's carbon credits; and offering access to our technical experts. The Trust's active involvement with project developers in our preferred sectors—forestry, biogas, and grassland conservation—will ensure healthy yields of credits and fruitful revenues from the sale of the environmental credits.

The Climate Trust is focused on closing Fund I—deploying the remaining capital into quality projects, while continuing to build a robust pipeline of investment opportunities in the biogas, forestry and grassland conservation sectors for a future Fund II deployment. This pipeline is currently being built through The Trust's existing network of project developers already under contract, prospecting and networking at leading industry events, the issuance of a Request for Proposals for investment opportunities (as needed), and potentially the development of a national carbon-financing workshop for offset project developers.

The Climate Trust will invest capital into early-stage projects. It's planned investment sizes over a three year time period are in line with historic obligations the organization has contracted for in the recent past. The Trust is confident that given this track record and its reputation in the market as a credible counterparty, it will be able to deploy the necessary capital over a three-year period.

The Climate Trust conducts pre-feasibility assessments of all projects and offers carbon project development support to ensure credit delivery materializes. We either do this work in-house or connect with preferred partner organizations around the country. Specifically, carbon project development support includes establishing a comprehensive development timeline and monitoring plan for the project; including, managing the listing on the appropriate registry, on-going data collection requirements, a monitoring schedule, and a verification schedule.

The Climate Trust serves the demand from potential buyers by developing and managing a scalable offset pool with one-stop contracting for compliance entities looking for seamless solutions to their obligations. Additionally, The Trust provides voluntary buyers with credits from targeted, charismatic projects throughout the U.S.; matchmaking based on criteria such as geographic location, areas or sectors of interest, and the vintage of carbon credits. The Trust's extensive portfolio of projects allow for the aggregation of offsets and mitigation of many risks that buyers face.

The Climate Trust invests in high-quality greenhouse gas reduction projects from diverse sectors, with a focus on forestry, biogas and grassland conservation. Our portfolio currently includes 58 projects in ten sectors, which have delivered more than 3.6 million tons of emission reductions. Our projects are contracted to generate 5.9 million tons in emission reductions, equivalent to carbon sequestered by 6,989,802 acres of U.S. forests in one year. The offsets we retire and deliver provide tangible benefits for communities and the environment—all while meeting rigorous, third-party standards.

The Climate Trust is currently implementing a new business model focused on mobilizing conservation finance to maximize environmental returns; accelerating the pace of carbon mitigation and encouraging the growth of nascent environmental markets. Half of our $5.5M Fund I has been allocated to some exciting projects; we aim to close the Fund in early 2018.

Financials

THE CLIMATE TRUST
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Compare nonprofit financials to similar organizations

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THE CLIMATE TRUST

Board of directors
as of 11/7/2019
SOURCE: Self-reported by organization
Board co-chair

Ms. Laura Beane

Avangrid Renewables

Term: 2007 -


Board co-chair

Ms. Renee Dowlin

Jviation Inc.

Arya Behbehani

Portland General Electric

Neal Sacon

SkyBlue Center for Community Development LLC

Marc Hiller

GreenWood Resources, Inc.

Patrick Maloney

Occam Advisors

Odin Knudsen

Real Options International

Renee Dowlin

Jviation Inc.

Nini Redway

California State Treasurer

Jason Johns

Stoel Rives LLP

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No