CERES INC

Programs

1. Accelerating sustainable capital market: see schedule oaccelerating sustainable capital market: the ceres accelerator for sustainable capital markets aims to improve the practices and policies that govern capital markets to reduce the financial impacts of climate change and promote opportunities associated with these changes. We educate and engage regulators, financial institutions, investors, insurers and corporate boards to act on climate risk as a systemic financial risk.ceres meaningfully engages with investors, companies, policymakers, and regulators to build responsible leadership and spur real economic change. We:- deliver clear, data-driven research and insights on financial risks and market opportunities that make the business case for action.- educate and support investors and companies to set practical goals, develop transition plans, and implement strategies that boost profitability and competitiveness.- engage state and federal policymakers on both sides of the aisle to advance market-based policies.- lead global initiatives that encourage innovation, increase accountability, and improve transparency.- host high-level gatherings to foster collaboration and…

   $14,879,054 spentof which $6,341,607 as grants$1,343,956 earned by the program
   49% of program spending

2. Policy: see schedule opolicy: the ceres policy network represents some of the most well-known brands in the u.s. That have emerged as leading advocates for clean and affordable energy policies at the state and federal level. We work with major u.s companies, equipping them with the necessary tools and knowledge to collectively advocate for policy solutions at the state and federal levels. Network members are committed to supporting policies that prioritize clean energy technologies and environmental justice to transform industries, unlock new business opportunities, and foster innovation and job growth. Their influential voices are respected across the political spectrum and have been crucial in securing ambitious policy wins at all levels of government. Through in-person meetings with policymakers, sign-on advocacy letters, speaking engagements, and op-ed placement, the ceres policy network provides members with numerous opportunities to demonstrate their leadership toward building a cleaner, just and more resilient economy. Ceres does not contribute to or become involved in political campaigns.

   $4,856,255 spent$1,495,124 earned by the program
   16% of program spending

3. Climate change: see schedule oclimate change: ceres educates and supports investors, companies, and policymakers to spur investment in clean and affordable energy solutions, reduce pollution, and achieve a cleaner, just and more resilient economy. We engage with investors and companies in key economic sectors to ratchet up the ambition of their climate goals, create robust transition action plans, and improve disclosure, all in the context of fulfilling fiduciary duty. We also support investors and companies who engage with key lawmakers and regulators to make the economic case for innovative climate and energy policies at all levels of government.

   $3,378,342 spentof which $50,000 as grants$302,538 earned by the program
   11% of program spending

4. Nature and biodiversity loss: ceres supports investors and companies working to reverse nature and biodiversity loss by addressing key drivers such as deforestation, pollution, water scarcity and climate change in a way that safeguards a healthy planet for all. Ceres supports and educates investors to help them address these escalating risks within their own investment strategies and with the companies they invest in. Our food emissions 50 initiative supports investors in engaging 50 of the largest food companies operating in north america to reduce greenhouse gas emissions across the sector and capitalize on opportunities in the transition to a more resilient food system. We are also a founding partner of nature action 100, a voluntary initiative for investors to engage companies in key sectors to act on the financial impacts of nature loss and biodiversity decline. Ceres also works with some of the largest companies to understand and reduce their impact on natural ecosystems and advocate for policies that will help protect nature and biodiversity now and for years to come. Ceres is the convener of the u.s. Consultation group for the taskforce for nature-related financial…

   $2,796,066 spentof which $122,430 as grants$32,143 earned by the program
   9% of program spending

5. Responsible business strategies:the ceres company network draws on decades of research and expertise to support companies in integrating responsible business strategies that protect their bottom line while safeguarding the health of the planet and their communities. Our voluntary membership network includes fortune 500 firms and other companies across sectors including electric power, food, financial services, technology and transportation. We work closely with each company network member to understand their unique business needs, identify their most material sustainability issues, and co-create tailored strategies that turn risk into opportunity.

   $2,775,054 spent$2,171,302 earned by the program
   9% of program spending

6. Water scarcity and pollution:we support investors and companies that are turning smart water management into a business fundamental, advancing private-sector action to address the impacts of growing demand, wasteful use, harmful pollution, and the worsening climate crisis to the benefit of all. We educate and support investors to address water risk within their own investment strategies and with the companies they invest in. The investor water toolkit, developed by ceres and more than 40 institutional investors, is a comprehensive resource enabling investors to evaluate and tackle the water risks in their investment portfolios. The ceres valuing water finance initiative is a voluntary initiative for investors to engage companies to act on the financial impacts of water risk and protect water systems. More than 100 investors are engaging with more than 70 companies from four water intensive industriesapparel, beverage, food, and high-techto address their broad water impacts. These companies, while at different stages of their water journeys, all have the potential to better steward and protect freshwater resources within their business operations and supply chains to drive…

   $1,674,669 spent$32,650 earned by the program
   6% of program spending

The 6 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $30,359,440.