2023-11-14T12:41:00-06:00 2022-12-31 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2022-01-01 900634376 C40 CITIES CLIMATE LEADERSHIP GROUP INC C40C 6463249209 120 PARK AVENUE FLOOR 23 NEW YORK NY 10017 JULIETTE CARTER MANAGING DIR, CORP SVCS. 6463249209 2023-11-13 1 JULIETTE CARTER 999009999 0 DEVIN L DUNCAN P01249521 2127589700 2023-11-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JULIETTE CARTER 120 PARK AVENUE FL NEW YORK NY 10017 54380631 0 X WWW.C40.ORG X 2010 DE C40 IS A NETWORK OF THE WORLD'S MEGACITIES COMMITTED TO ADDRESSING CLIMATE CHANGE. 10 10 35 10 0 0 44723486 54354368 3368 13738 4898 12525 439530 0 45171282 54380631 273750 1154661 0 0 21339778 23690572 0 0 235526 12368070 13919948 33981598 38765181 11189684 15615450 35030897 52177936 2795346 4326935 32235551 47851001 X C40 IS A NETWORK OF THE WORLD'S MEGACITIES COMMITTED TO ADDRESSING CLIMATE CHANGE. C40 SUPPORTS CITIES TO COLLABORATE EFFECTIVELY, SHARE KNOWLEDGE AND DRIVE MEANINGFUL, MEASURABLE AND SUSTAINABLE ACTION ON CLIMATE CHANGE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 0 0 24985537 1154661 13738 C40 EXPANDED ITS MEMBERSHIP TO 96 CITIES AND MAINTAINED ITS EQUAL REPRESENTATION BETWEEN GLOBAL NORTH AND GLOBAL SOUTH CITIES. C40 FOCUSED ON ITS STRATEGIC GOALS OF: ENGAGING MAYORAL LEADERSHIP; SUPPORTING CITIES TO PREPARE ROBUST INVENTORIES, TARGETS AND PLANS; ACCELERATING CLIMATE ACTION THROUGH PEER-TO-PEER EXCHANGE AND DIRECT SUPPORT; REMOVING BARRIERS TO CITY CLIMATE ACTION; AND PROVIDING GLOBAL THOUGHT LEADERSHIP, AGENDA-SETTING COMMUNICATIONS AND WORLD CLASS EVENTS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 24985537 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 28 0 1 35 1 0 1 UK SF CH DA IN 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA DE NY X RACHEL YOXEN 6463249209 120 PARK AVENUE FLOOR 23 NEW YORK NY 10017 MICHAEL R BLOOMBERG PRESIDENT AND DIRECTOR 0.10 0.00 X X 0 0 0 ANTHA WILLIAMS TREASURER AND DIRECTOR 0.10 0.00 X X 0 0 0 JUSTIN JOHNSON DIRECTOR 0.10 0.00 X 0 0 0 JESPER NYGARD DIRECTOR 0.10 0.00 X 0 0 0 BRUCE LINDSEY SECRETARY AND DIRECTOR 0.10 0.00 X X 0 0 0 SHIRLEY RODRIGUES VP AND DIRECTOR 0.10 0.00 X X 0 0 0 CAROLINA URRUTIA DIRECTOR 0.10 0.00 X 0 0 0 JENNIFER SEMAKULA MUSISI DIRECTOR 0.10 0.00 X 0 0 0 SRI HARYATI DIRECTOR 0.10 0.00 X 0 0 0 VITTORIA BERIA DIRECTOR 0.10 0.00 X 0 0 0 MARK WATTS EXECUTIVE DIRECTOR 40.00 0.00 X 234015 0 14041 KEVIN AUSTIN DEPUTY EXECUTIVE DIRECTOR 40.00 0.00 X 219050 0 11954 JULIETTE CARTER DIRECTOR OF CORPORATE SERV 32.00 0.00 X 134611 0 7346 HASTINGS CHIKOKO REGIONAL DIR. OF AFRIC 40.00 0.00 X 181724 0 7061 ANDREW DEACON DIR OF STRATEGY & OPERATIONS 40.00 0.00 X 150049 0 12829 LAMIA SENOUSI MANAGING DIR, COMM & EVENTS 40.00 0.00 X 140376 0 5582 ANNA BEECH MANAGING DIR, GOV & EXEC. ENGAGEMENT 40.00 0.00 X 140376 0 8374 EMILY RUSSELL DIRECTOR OF DEVELOPMENT 40.00 0.00 X 139124 0 21798 1339325 0 88985 25 0 1 0 SAFEGUARD WORLD INTERNATIONAL LTD STE 3-5 EDWIN FODEN BUS CTR MOSS L CHESHIRE UK CW11 3AE PAYROLL & EMPLOYMENT 645456 VELOCITY GLOBAL LLC 1701 PLATTE STREET SUITE 210 DENVER CO 80202 PAYROLL & EMPLOYMENT 268554 ARUP INTERNATIONAL PROJECTS LIMITED CENTRAL SQUARE FORTH ST NEWCASTLE UPON TYNE UK NE1 3PL CONSULTANCY 265590 BURO HAPPOLD LIMITED CAMDEN MILL LOWER BRISTOL RD BATH UK BA2 3DQ ENVIRONMENTAL SERVICES 244140 ORG MUN DIAL DE CIUDADES Y GOBIERNOS LO CARRER AVINYO 15 BARCELONA SP 08002 ENVIRONMENTAL SERVICES 223046 14 284038 54070330 54354368 SPEAKING EVENTS 900099 13738 13738 13738 12525 12525 54380631 13738 0 12525 X 406572 406572 748089 748089 621017 248407 372610 19077878 12939083 5949425 189370 678501 481127 186961 10413 1103120 814580 272545 15995 2210056 1489058 703980 17018 231735 25300 206435 318772 318772 7575493 4191067 3384426 390150 25621 364529 1046737 203109 843563 65 216250 209897 6353 2355960 2355960 1472 171 1301 9641 8195 1446 150133 150133 PAYROLL PROCESSING FEES 1160962 786237 372060 2665 TRAINING 267775 46814 220961 RECRUITMENT 191531 2913 188618 3337 3337 38765181 24985537 13544118 235526 27131923 46075069 7015615 5166078 861090 924161 301404 288776 22269 12628 35030897 52177936 2795346 4326935 2795346 4326935 X 18036920 12053451 14198631 35797550 32235551 47851001 35030897 52177936 15615450 0 X 0 1 X 0 0 X 30941344 30665322 32603013 44723486 54354368 193287533 30941344 30665322 32603013 44723486 54354368 193287533 118134416 75153117 11753 16104 11085 4898 12525 56365 8377 8891 435737 453005 193796903 100934 0.38780 0.36400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CREDIT CARD REBATE - 2019 AMOUNT: $ 8,377. 2020 AMOUNT: $ 8,891. FOREIGN CURRENCY GAIN - 2021 AMOUNT: $ 435,737. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38765181 38765181 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 PART 1-A, LINE 1 C40 HAS A 501(H) ELECTION IN PLACE. NO DIRECT OR INDIRECT LOBBYING ACTIVITIES OCCURRED DURING 2022. 246794 234166 12628 54610 54610 0 12628 X 55952905 1572274 1572274 54380631 0 54380631 40337455 1572274 1572274 38765181 0 38765181 PART X, LINE 2: THE ORGANIZATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ENTITY WITHIN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE UNDER SECTION 501(A). INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. 1 EAST ASIA AND THE PACIFIC 1 12 PROGRAM SERVICES CLIMATE INITIATIVES 1812047 EUROPE 3 177 PROGRAM SERVICES CLIMATE INITIATIVES 14966608 NORTH AMERICA 0 5 PROGRAM SERVICES CLIMATE INITIATIVES 780535 SUB-SAHARAN AFRICA 1 44 PROGRAM SERVICES CLIMATE INITIATIVES 2218000 SOUTH AMERICA 0 28 PROGRAM SERVICES CLIMATE INITIATIVES 1981287 SOUTH ASIA 1 20 PROGRAM SERVICES CLIMATE INITIATIVES 403128 EUROPE 0 0 PROGRAM SERVICES GRANTMAKING 658391 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES GRANTMAKING 89698 6 286 0 0 6 286 22909694 0 22909694 EUROPE FUNDING IN SUPPORT OF THE FOOD FORWARD CONSORTIUM PROJECT. 100000 BANK TRANSFER 0 EUROPE FUNDING IN SUPPORT GCOM GLOBAL-REGIONAL ENGAGEMENT AND LIGHT TOUCH TECHNICAL ASSISTANCE TO SELECTED CITIES. 209962 BANK TRANSFER 0 EUROPE FUNDING THE INSTALLATION OF PROJECT LUMIWEAVE AND DATA COLLECTION OVER THE COURSE OF THE GRANT TERM. 40000 BANK TRANSFER 0 EUROPE FUNDING OR THE GLOBAL-REGIONAL COORDINATION GRC 3 TO DELIVER ON THE CORE STRATEGIC GOALS AND INITIATIVES OF THE GCOM STRATEGIC PLAN. 223046 BANK TRANSFER 0 EUROPE FUNDING IN SUPPORT OF CLIMATE CRISIS ADVISORY GROUP COLLABORATION. 30383 BANK TRANSFER 0 SUB-SAHARAN AFRICA ACCELERATING CITY CLIMATE ACTION IMPLEMENTATION THROUGH INNOVATE4CITIES, ENGAGEMENT WITH THE URBAN TRANSITIONS MISSION, AND MULTI-LEVEL GOVERNANCE SUPPORT. 89698 BANK TRANSFER 0 EUROPE FUNDING THE IMPLEMENTION OF A ZERO EMISSION URBAN GOODS LOGISTICS SERVICE THAT IS FUNCTIONAL AND COST-EFFECTIVE FOR LAST MILE LOGISTICS OPERATORS. 55000 BANK TRANSFER 0 6 1 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS OF ALL GRANTS MADE FROM THE PROPOSAL STAGE, THROUGH THE DUE DILIGENCE PHASE WHICH DETERMINES THE SELECTION OF THE SUBGRANTEE, THE SIGNING OF THE GRANTS AGREEMENT AND THROUGHOUT THE ACTIVITY TO GRANT CLOSURE. REQUIRED REPORTS INCLUDE FINANCIAL REPORTS AND NARRATIVE/PROJECT RELATED REPORTS. ALL FINANCIAL REPORTS MUST INCLUDE A REPORT ON EXPENDITURE OF FUNDS AGAINST KPIS AND DELIVERABLES AS LISTED IN THE GRANT AGREEMENT. ALL REPORTS ARE REVIEWED AND APPROVED AS PER THE REQUIREMENTS OF THE GRANT AGREEMENT. PART III ACCOUNTING METHOD: 1 URBAN SUSTAINABILITY DIRECTORS NETWORK 700 12TH ST NW SUITE 700 WASHINGTON DC 200054052 825015863 501(C)(3) 50000 0 FUNDING IN SUPPORT OF THE USDN CLIMATE ACTION PROJECT CDP NORTH AMERICA INC 127 WEST 26TH STREET 3RD FLOOR NEW YORK NY 10001 364709977 501(C)(3) 356572 0 FUNDING IN SUPPORT OF THE STRENGTHENING CITYPROJECT PIPELINE AND TCFD ALIGNMENT TO ADDRESS THE PRIMARY GAP IN THE MAJOR PIVOT TOWARDS IMPLEMENTING CLIMATE INFRASTRUCTURE IS CITY FINANCE. 2 0 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS OF ALL GRANTS MADE FROM THE PROPOSAL STAGE, THROUGH THE DUE DILIGENCE PHASE WHICH DETERMINES THE SELECTION OF THE SUBGRANTEE, THE SIGNING OF THE GRANTS AGREEMENT AND THROUGHOUT THE ACTIVITY TO GRANT CLOSURE. REQUIRED REPORTS INCLUDE FINANCIAL REPORTS AND NARRATIVE/PROJECT RELATED REPORTS. ALL FINANCIAL REPORTS MUST INCLUDE A REPORT ON EXPENDITURE OF FUNDS AGAINST KPIS AND DELIVERABLES AS LISTED IN THE GRANT AGREEMENT. ALL REPORTS ARE REVIEWED AND APPROVED AS PER THE REQUIREMENTS OF THE GRANT AGREEMENT. X X X 0 0 0 0 0 0 0 0 0 MARK WATTS EXECUTIVE DIRECTOR 234015 0 0 0 0 0 14041 0 0 0 248056 0 0 0 KEVIN AUSTIN DEPUTY EXECUTIVE DIRECTOR 219050 0 0 0 0 0 11954 0 0 0 231004 0 0 0 HASTINGS CHIKOKO REGIONAL DIR. OF AFRIC 181724 0 0 0 0 0 0 0 7061 0 188785 0 0 0 ANDREW DEACON DIR OF STRATEGY & OPERATIONS 150049 0 0 0 0 0 0 0 12829 0 162878 0 0 0 EMILY RUSSELL DIRECTOR OF DEVELOPMENT 139124 0 0 0 0 0 8347 0 13451 0 160922 0 0 0 FORM 990, PART I, LINE 1: DESCRIPTION OF ORGANIZATION MISSION: C40 IS A NETWORK OF THE WORLD'S MEGACITIES COMMITTED TO ADDRESSING CLIMATE CHANGE. C40 SUPPORTS CITIES TO COLLABORATE EFFECTIVELY, SHARE KNOWLEDGE AND DRIVE MEANINGFUL, MEASURABLE AND SUSTAINABLE ACTIONS ON CLIMATE CHANGE. CREATED AND LED BY CITIES, C40 IS FOCUSED ON TACKLING CLIMATE CHANGE AND DRIVING URBAN ACTION THAT REDUCE GREENHOUSE GAS EMISSIONS AND CLIMATE RISKS, WHILE INCREASING THE HEALTH, WELL-BEING AND ECONOMIC OPPORTUNITIES OF URBAN CITIZENS. FORM 990, PART III, LINE 4A: PROGRAM SERVICE ACCOMPLISHMENT 2022 WAS ANOTHER SUCCESSFUL YEAR FOR C40 CITIES UK. THREE QUARTERS OF C40 CITIES ARE NOW DECREASING THEIR PER CAPITA EMISSIONS AT A FASTER RATE THAN THEIR OWN COUNTRIES, WHILE HIGH-IMPACT ACTIONS DELIVERED BY C40 CITIES - SUCH AS INTRODUCING LOW-EMISSION ZONES, INCREASING GREEN SPACES AND PLANTING MORE TREES TO IMPROVE AIR QUALITY AND TO REDUCE URBAN HEAT RISK, AND ACHIEVING UNIVERSAL WASTE COLLECTION - HAVE TRIPLED IN THE PAST DECADE, WHICH IS VITAL IF GLOBAL HEATING IS TO BE KEPT UNDER 1.5 DEGREES CELSIUS. C40 CITIES ARE DELIVERING CLIMATE ACTION THAT NOT ONLY CUTS EMISSIONS AND REDUCES CLIMATE RISKS, BUT ALSO IMPROVES THE QUALITY OF LIFE ENJOYED BY ALL OUR RESIDENTS. TOKYO IS COLLABORATING WITH KUALA LUMPUR IN A TRAILBLAZING GLOBAL NORTH-GLOBAL SOUTH PARTNERSHIP TO DEVELOP LOW-CARBON BUILDING STANDARDS. LAGOS IS DECARBONISING ITS ENERGY SUPPLY BY INSTALLING SOLAR PANELS ON SCHOOLS AND HEALTH CENTRES. LONDON IS EXPANDING ITS WORLD-LEADING ULTRA LOW EMISSION ZONE TO COVER ALL OF GREATER LONDON, ENSURING THAT ALMOST FIVE MILLION MORE PEOPLE WILL BE BREATHING CLEANER AIR. 12 C40 CITIES - FROM RIO TO TSHWANE TO MUMBAI - ARE PARTICIPATING IN THE OSLO-LED C40 CLIMATE BUDGETING PROGRAMME, A GOVERNANCE SYSTEM THAT OFFERS A WAY FOR CITIES TO TURN CLIMATE COMMITMENTS INTO FUNDED AND MEASURABLE ACTIONS. THE EXAMPLES SET BY C40 CITIES SHOW THAT WE'RE NOT POWERLESS TO ACT AND THAT WE CAN RISE TO MEET THE CHALLENGE OF THE CLIMATE CRISIS IF THE POLITICAL WILL AND VISION EXISTS. THANKS TO OUR TRACK RECORD OF DRIVING INNOVATIVE AND AMBITIOUS CLIMATE ACTION, THERE HAS ALREADY BEEN A 4 PER CENT REDUCTION IN GREENHOUSE GAS PER CAPITA EMISSION ACROSS C40 CITIES AND A 5 PERCENT IMPROVEMENT IN AIR QUALITY ACROSS C40 CITIES (150 MILLION RESIDENTS, GLOBALLY, ARE NOW BENEFITING FROM CLEANER AIR). OCTOBER 2022 ALSO SAW C40 HOST THE WORLD MAYORS SUMMIT IN BUENOS AIRES - OUR LARGEST-EVER CONVENING OF MAYORS TO DATE - WITH 75 C40 MAYORS ATTENDING IN PERSON OR VIRTUALLY; OVER 140 NON-MAYORS AND OTHER CITY REPRESENTATIVES; 60 YOUTH CLIMATE LEADERS, AND OVER 300 BUSINESS REPRESENTATIVES, PHILANTHROPISTS, CAMPAIGNERS, SCIENTISTS AND RESIDENTS TAKING PART. THE SUMMIT DEMONSTRATED THAT THE BEST WAY TO PROTECT PEOPLE EVERYWHERE FROM RISING PRICES, POLLUTED AIR AND EXTREME WEATHER IS TO INVEST IN GREENER, MORE RESILIENT CITIES, NOT FOSSIL FUELS. C40, LED BY THE CHAIR OF STEERING COMMITTEE AND MAYOR OF LONDON SADIQ KHAN, ANNOUNCED THE COLLECTIVE EFFORT BY MAYORS TO DRIVE THE CREATION OF 50 MILLION GOOD, GREEN JOBS BY THE END OF THE DECADE. LONDON, FOR EXAMPLE, HAS COMMITTED TO DOUBLE THE SIZE OF THE GREEN ECONOMY TO 100 BILLION POUNDS BY 2030, AN AMBITION THAT WILL KICK-START GREATER JOB GROWTH OVER THE NEXT DECADE. SECURING MORE FINANCE FOR GLOBAL SOUTH CITIES IS A PRIORITY FOR THE CHAIR. AT THE SUMMIT, C40 ALSO ANNOUNCED RECORD INVESTMENT IN CITIES IN THE GLOBAL SOUTH TO TACKLE THE CLIMATE EMERGENCY. FOR EXAMPLE, THE C40 CITIES FINANCE FACILITY (CFF) HAS SUPPORTED 34 PROJECTS IN CITIES IN THE GLOBAL SOUTH SINCE 2016. THANKS TO THIS, GLOBAL SOUTH CITIES ARE PROJECTED TO ACCESS OVER US $1 BILLION OF FINANCE FOR IMPLEMENTATION AND CONTRIBUTE TO AN OVERALL EMISSIONS REDUCTION OF MORE THAN 2.5 MILLION TONS OF POLLUTING GREENHOUSE GASES. C40 AMPLIFIED KEY MESSAGES FROM THE C40 SUMMIT AT COP27 IN SHARM-EL-SHEIKH. C40 DEMONSTRATED THAT CITIES ARE TAKING ACTION AND REDUCING EMISSIONS FASTER THAN THEIR RESPECTIVE NATIONAL GOVERNMENTS WITH MAYORS, CITY OFFICIALS AND STAFF TAKING PART IN MORE THAN 50+ STRATEGIC EVENTS TO SHOWCASE C40 CITY LEADERSHIP. NINE C40 MAYORS ATTENDED COP27, INCLUDING FOUR AFRICAN MAYORS, AND 107 UNIQUE ARTICLES COVERED C40'S PRESENCE THERE. C40'S PRESENCE AND ENGAGEMENT AT COP WAS CRITICAL TO ACHIEVE MORE SUPPORT FOR CITY CLIMATE ACTION AND A SEAT AT THE TABLE TO IMPLEMENT THE PARIS AGREEMENT. COP27 SAW THE LAUNCH OF THE FIRST EVER PRESIDENCY INITIATIVES TO SUPPORT CLIMATE ACTION (SUSTAINABLE URBAN RESILIENCE FOR THE NEXT GENERATION - SURGE), PUBLIC TRANSPORT (LOW CARBON TRANSPORT FOR URBAN SUSTAINABILITY - LOTUS) AND THE FIRST EVER MINISTERIAL MEETING ON URBAN CLIMATE ACTION WHICH INCLUDED MAYORS - C40 IS A PARTNER TO ALL THESE INITIATIVES. FORM 990, PART I, LINES 5 & 15 AND PART V, LINE 2A: U.S. AND FOREIGN COMPENSATION THE TOTAL SALARIES REPORTED ON FORM 990 ON PART I, LINE 15 AND PART IX, LINES 5-10 INCLUDE COMPENSATION OF BOTH U.S. AND FOREIGN EMPLOYEES. HOWEVER, PART I, LINE 5 AND PART V, LINE 2A ONLY REPORT THE TOTAL NUMBER OF U.S. EMPLOYEES. IN ADDITION TO THE U.S. EMPLOYEES, C40 ALSO EMPLOYED A TOTAL OF 355 FOREIGN EMPLOYEES DURING CALENDAR YEAR 2022. THE 36 U.S. EMPLOYEES ARE PAID BY A THIRD-PARTY EMPLOYER, A REPORTING AGENT OF C40. FORM 990, PART VI, SECTION A, LINE 2 RELATIONSHIPS AMONG BOARD MEMBERS MICHAEL BLOOMBERG AND ANTHA WILLIAMS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS THE ORGANIZATION'S BYLAWS PROVIDE THAT THE ORGANIZATION'S MEMBERS ARE CITY MAYORS SERVING ON THE STEERING COMMITTEE OF C40 CLIMATE LEADERSHIP GROUP (A COALITION OF MAYORS FROM AROUND THE WORLD) AND THAT SUCH MEMBERS WOULD ELECT THE DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS POWER TO ELECT SEE EXPLANATION TO PART VI, SECTION A, LINE 6 ABOVE. FORM 990, PART VI, SECTION B, LINE 11B REVIEW PROCESS FORM 990 WAS MADE AVAILABLE TO ALL OF THE BOARD MEMBERS PRIOR TO A PRINCIPAL OFFICER SIGNING AND FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY REVIEW PROCESS EACH DIRECTOR COMPLETES A CONFLICT OF INTEREST STATEMENT ANNUALLY WITH DISCLOSURES OF FINANCIAL INTERESTS, AND THESE ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND THE DIRECTOR OF CORPORATE SERVICES. IF APPROPRIATE, IF ANY CONFLICTS WERE DECLARED, A CONFLICTS COMMITTEE WOULD BE CONVENED. THERE HAVE BEEN NO MATERIAL CHANGES TO CONFLICTS IN THE LAST YEAR. AN INTERESTED PERSON DOES NOT PARTICIPATE IN THE DETERMINATION OF A VOTE ON CERTAIN TRANSACTIONS OR ARRANGEMENTS. AN INTERESTED PARTY SHALL NOT ATTEMPT TO INFLUENCE THE BOARD MEMBERS REGARDING MATTERS IN WHICH HE OR SHE HAS A FINANCIAL INTEREST AND SHALL NOT PARTICIPATE IN ANY VOTE TO DETERMINE WHETHER HIS OR HER FINANCIAL INTEREST RESULTS IN A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW PROCESS C40 FOLLOWS A COMPENSATION POLICY APPROVED BY THE C40 BOARD. IN LINE WITH THE POLICY, APPROVAL FOR ALL NEW COMPENSATION ARRANGEMENTS IS BASED ON, TO THE EXTENT REASONABLY AVAILABLE, INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS, OR ORGANIZATIONS IN COMPARABLE SECTORS, FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS AND ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS, AND OTHER RELEVANT INFORMATION. A GLOBAL NORTH BENCHMARKING EXERCISE WAS CARRIED OUT IN 2022 IN ORDER TO REVISE THE SALARY MODEL. A FURTHER BENCHMARKING EXERCISE FOR GLOBAL SOUTH HAS TAKEN PLACE IN 2023 TO ENSURE THE NEW SALARY MODEL IS APPLICABLE GLOBALLY. THE REMUNERATION POLICY INDICATES THAT THE REVIEW EXERCISE WILL BE UNDERTAKEN EVERY 3 YEARS. BASED ON C40'S PERFORMANCE AND FINANCIAL POSITION, THE MANAGEMENT TEAM AIM TO, AT THEIR DISCRETION, OFFER ALL STAFF AN ANNUAL INFLATIONARY INCREASE TO THEIR SALARY, WHERE APPROPRIATE. THIS IS DETERMINED BY THE EXECUTIVE DIRECTOR BASED ON THE AVAILABLE FUNDS AND FORMS PART OF THE ANNUAL BUDGET APPROVED BY THE BOARD. THE EXECUTIVE DIRECTOR RECEIVES INCREMENTS IN LINE WITH THOSE FOR OTHER STAFF, AND THESE ARE APPROVED BY THE BOARD'S FINANCE & AUDIT COMMITTEE, WHICH INCLUDES THE TREASURER, BASED ON INFLATION CONSIDERATIONS, BENCHMARKED INFORMATION FROM OTHER ORGANISATIONS AND OTHER RELEVANT INFORMATION. THE FINANCE & AUDIT COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD AND IS INDEPENDENT OF THE EXECUTIVE COMMITTEE. C40 HAS DOCUMENTED PAYSCALES AND A JOB EVALUATION FRAMEWORK. C40 ALSO RECORDS IN WRITING ALL MATERIAL INFORMATION PROVIDED BY THIRD PARTIES WHICH WAS RELIED UPON IN APPROVING OR DISAPPROVING SUCH COMPENSATION ARRANGEMENTS, AS WELL AS THE SOURCE OF SUCH INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. REQUEST FOR REVIEWING THE ORGANIZATION'S DOCUMENTS CAN BE ADDRESSED TO RACHEL YOXEN, IN CARE OF C40 CITIES CLIMATE LEADERSHIP GROUP, INC. AS NOTED IN PART VI, SECTION C, QUESTION 20. FORM 990, PART IX, LINE 11G CONTRACTORS AND OTHER: PROGRAM SERVICE EXPENSES 3,844,742. MANAGEMENT AND GENERAL EXPENSES 3,173,490. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,018,232. TRANSLATION: PROGRAM SERVICE EXPENSES 346,325. MANAGEMENT AND GENERAL EXPENSES 210,936. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 557,261. C40 CITIES CLIMATE LEADERSHIP UK 3 QUEEN VICTORIA STREET 1ST F LONDON UK EC2R 981351395 CHARITABLE UK 14146746 3297134 C40 C40 CITIES CLIMATE LEADERSHIP SOUTH AFRI TRADUNA HOUSE 16 JORRISON ST BRAA SF 2001 981421264 CHARITABLE SF 1469269 343709 C40 FORENINGEN C40 CITIES CLIMATE LDRSP DK C/O BLOXHUB BRYGHUSPLADSEN COPENHAGEN DA 8 1473 981507048 CHARITABLE DA 1083647 1069597 C40 C40 CITIES INDIA PRIVATE LIMITED 3RD FLOOR DEVIKA TOWER NO 6 NEHR SOUTH DELHI IN 110019 CHARITABLE IN 0 0 C40