ENVIRONMENTAL FINANCIAL ADVISORY BOARD

Members

Kerry O'Neill, Chair
Ashley Allen Jones
Courtney L. Black
Steven J. Bonafonte

Angela Montoya Bricmont
Matthew T. Brown

Stacy Brown
Theodore Chapman
Albert Cho
Janet Clements
Lori Collins
Zachary Davidson
Jeffrey R. Diehl
Sonja B. Favors
Phyllis Garcia
Eric Hangen
Edward Henifin
Barry Hersh
Craig Holland
Craig A. Hrinkevich
Margot Kane
Thomas Karol
George W. Kelly

Gwendolyn Keyes Fleming
Cynthia Koehler
Colleen Kokas
Joanne V. Landau
Lawrence Lujan
MaryAnna H. Peavey
Dennis A. Randolph
Eric Rothstein
Sanjiv Sinha
William Stannard

Marilyn Waite
David L. Wegner
Gwen Yamamoto Lau
David Zimmer

Designated Federal
Officer

Edward H. Chu

October 18, 2022

The Honorable Michael S. Regan
Administrator

U.S. Environmental Protection Agency
1200 Pennsylvania Avenue, NW
Washington, D.C. 20460

Dear Administrator Regan:

The Environmental Financial Advisory Board (EFAB)is pleased to submit this report,

"Catalyzing Pollution Prevention Finance," developed by the EFAB Pollution Prevention
Workgroup (P2 Workgroup). As you know, EFAB works to provide the EPA administrator and
other leadership with guidance and expertise on a variety of environmental financing and
investment topics, issues, and challenges. EFAB provides critical perspectives from EPA's
diverse customers, partners, and stakeholders - with a particular focus on the financial
community and its capacity to deliver effective financing to advance the nation's most
pressing environmental financing issues. The P2 Workgroup embraced its work with a keen
eye toward EPA's capacity to serve as a catalyst for source pollution prevention, the highest
level of impact in the waste management hierarchy.

P2 Workgroup Approach

The P2 Workgroup approached its task with three concrete goals: (i) engage a diverse set of
financial sector experts, customers, partners, and stakeholders in pollution prevention
finance conversation focused on priority manufacturing sectors; (ii) move swiftly to draw
meaningful conclusions related to challenges of and potential solutions to pollution
prevention funding and finance activities; and (iii) provide recommendations with immediate
actionable items to advance EPA's pollution prevention remit. A Series of three P2 Finance
Forums held between March and August 2022, engaged more than two dozen experts across
diverse segments of the finance field alongside manufacturing support organizations and
specialists in technology, supply chain sustainability and business strategy roles to explore the
topic and inform recommendations.

Recommendations

We have organized our recommendations into three categories of immediately actionable
items that reflect current capacity and funding levels within the P2 program:

(1)	Focus P2 Grant Program. Focus a segment of P2 grants on innovative finance
opportunities within a priority business segment, and use P2 grant program to
support a cohort of regional P2 demonstration projects;

(2)	Expand Education & Training. Develop sector-based use cases and a series of "P2
Finance Webinars" that highlight success factors in P2 financings; and

(3)	Introduce Risk Reduction Tools. Develop underwriting standards for priority sectors,
identify and facilitate priority technology certification efforts, and explore the active
use of existing and new credit enhancements/guarantee programs.

Creative Approaches to Funding Environmental Programs, Projects, and Activities


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The attached brief report entitled "Catalyzing Pollution Prevention Finance/' and supplemental
documents incorporated by reference, comprise the full scope of our work. We thank you for the
opportunity to be of service to this important Office within EPA.

Kerry E. O'Neill	Ashley Allen Jones

Chair	Chair

Environmental Financial Advisory Board	EFAB P2 Working Group

Enclosure

cc:	Edward H. Chu, Designated Federal Officer, Environmental Financial Advisory Board

David Widawsky, Director, Data Gathering and Analysis Division, Office of Pollution
Prevention and Toxics

Alison Kinn Bennett, Senior Advisor, Sustainability and Pollution Prevention Branch, Office of
Pollution Prevention and Toxics


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CATALYZING POLLUTION PREVENTION FINANCE
ENVIRONMENTAL FINANCIAL ADVISORY BOARD
OCTOBER 2022

Co-Chairs

Kerry O'Neill, President, Inclusive Prosperity Capital, Hartford, CT
Ashley Allen Jones, Founder & CEO, i2 Capital, Washington, DC

EFAB Members

Stacy Brown, President & CEO, Freberg Environmental, Denver, CO

Craig Hrinkevich, Managing Director, Debt Capital Markets, Baird, Red Bank, NJ

Christopher Meister, Executive Director, Illinois Finance Authority, Chicago, IL

Invited Consultants

Tim Larson, President, Ross Strategic, Seattle, Washington

Martha Sheils, Director, New England Environmental Finance Center, Portland, ME
Laura Harwood, Vice President, Eastern Research Group, Arlington, VA
Cena Swisher, Senior Manager, Eastern Research Group, Arlington, VA

Finance Forum Experts

Frank Altman, CEO, Community Reinvestment Fund, Minneapolis, MN
Kelsie Bouchard, Portfolio Manager, Coastal Enterprises, Inc., Brunswick, ME
Martin Chilcott, CEO& Founder, Manufacture 2030, Oxford, UK
John Cox, Principal, John Cox Consulting, Lancaster, PA

Brad Fletcher, Vice President & Treasurer, Illinois Finance Authority, Chicago, IL

Jeremy Gilpin, Executive Vice President, Greater Commercial Lending, Reno, NV

Bert Hunter, Executive Vice President and Chief Investment Officer, CT Green Bank, Hartford, CT

Sarah Lee, Project Director, Advanced Manufacturing Sector Integration, Washington State Department

of Commerce, Olympia, WA

Matt McKenna, Executive in Residence, Georgetown McDonough School of Business, Washington, DC

Aldric Seguin, Managing Partner, Global Sustainable Future, New York, NY

Catherine Sheehy, Head of Advisory Solutions, Environment & Furniture, UL Solutions, Chicago, IL

EPA Supporting Staff

Tara Johnson, Water Infrastructure and Resiliency Finance Center, Washington, DC

Alison Kinn Bennett, Senior Advisor, Sustainability and Pollution Prevention Branch, Office of Pollution

Prevention and Toxics, Washington, DC

David Widawsky, Director, Data Gathering and Analysis Division, Office of Pollution Prevention and
Toxics, Washington, DC

Andrew Wynne, Project Coordinator, Office of Pollution Prevention and Toxics, Kansas City, MO


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Background

Pollution prevention (P2) is any practice that reduces, eliminates, or prevents pollution at its source.
Financially, it is often cheaper to prevent the creation of pollution than to clean it up afterwards or pay
for control, treatment, and disposal of waste products. For businesses, all forms of waste represent
inefficient expenditures. If a business can reduce or eliminate such expenditures, that immediately
translates to the bottom-line by reducing operating, regulatory, and liability costs.

P2 projects (e.g., new equipment, contractor services) often require cash disbursements upfront, with
potential savings (avoided costs) accruing overtime. These projects must often compete for limited
resources with other internal business priorities that are essential for revenue generation. Small
businesses may not be used to borrowing money from external sources or they may not think that they
are able to do so at affordable terms. Accordingly, many potentially attractive P2 projects go unfunded
and unrealized.

EPA has recently convened P2 technical assistance providers to discuss: if/how manufacturers are
financing P2 projects, what challenges small businesses face in attracting lenders, what existing
environmental financing approaches could be modeled/expanded for a broader array of pollution
prevention projects; and what could EPA's role be in facilitating small business access to private sector
financing. As a start, EPA has conducted background research on the types of financing and funding
approaches available to manufacturers to implement P2 projects. EPA's Office of Pollution Prevention
and Toxics was specifically interested in learning more about is the structures, models, and extension
services that could be employed to successfully finance P2 projects.

P2 Finance Forum Key Takeaways1

Forum 1: Finance Sector Insights

•	Credit risk poses a material threat to underwriting P2 loans in the middle market manufacturing
sector, given diversity of business size, profitability, and sophistication. Credit risk can include
company level profit and loss factors, risks related to new/not-well-understood technologies, lack of
clarity in cost savings related to P2 program implementations, and overall fragmentation of the
middle market manufacturing sector, among other factors. Any P2 finance program needs to
directly address credit risk issues.

•	Existing, well-established tools exist that address credit risk at a scaled level, including loan
guarantees (eg. USDA, SBA), tax advantaged lending (eg. New Market Tax Credit) and credit
enhancements in lending pools (eg. first loss capital).

•	The P2 sector has potential to introduce and expand innovative financing structures that have been
utilized successfully in related sustainability sectors (eg. energy service companies, or ESCOs, and
commercial property assessed clean energy, or C-PACE models).

•	Technology certification programs have the potential to provide valuable support to underwriting of
new technologies in priority sectors.

1 See full P2 Finance Forum Recordings and written summaries: https://www.epa.q0v/
waterfinancecenter/environmental-financial-advisorv-board-efab-pollution-prevention-finance-forum


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•	The Community Development Finance Institution (CDFI) and Green Bank finance sectors provide
robust examples of mission-related or "co-benefit" lending activities that are highly relevant for P2
lending efforts.

•	Collaborative funding models provide for a greater diversity of funding and capacities to underwrite
businesses in hard-to-reach communities.

Forum 2: P2 Financing Tools and Models

•	Standards and 3rd party certifications can mitigate risks for financial community through clarifying
terms, scope, metrics, and measurements, and enabling benchmarking; credible entity standing
behind organization to confirm technology strategy, for example UL3600 includes waste aversion
validation at a site or across a supply chain to support "circularity of a company's material flow."

•	C-PACE is used across 30 states -counties and municipalities impose standardized, voluntarily
"requested special assessment liens" on behalf of property owners. Supports equipment that is
permanently affixed to buildings, with financial/collateral ties to plant infrastructure.

•	Green Banks provide financing to private property and business owners to increase energy efficiency
of property often providing 15+year financing and lending support alongside commercial capital.
Examples: SME energy efficiency portfolio funded through utility program @ 0% interest; Solar
Power Purchase Agreement Program simplifies and reduces cost to deploy solar; loan loss reserve
program for primary lenders (e.g. E-Loan provides second loss guarantee to lenders).

Forum 3: Distribution Strategies and Partnerships

•	Business leaders must think about sustainability as a matter of continuous improvement: analyze
the value stream, identify where waste lies in that value stream and work hard to find an
intersection of waste and profitability.

•	P2 finance efforts should seek opportunities to partner with organizations and business entities who
may have different motivations and value protocols (e.g. excess land for energy generation).

•	Business supply chains often present opportunities for support, for example when OEMs seek
sustainability from within their supply chain).

•	P2 efforts should seek state-level resources to prepare business to be "investor ready" and to
understand the challenges to underwriting and what local lenders look for in loan transactions.

•	Seek out relationships with CDFIs across the country that are concerned with "those people that are
farthest away from the opportunity"; CDFIs are "capillaries of finance" that seek to access hard to
reach markets thorough financial engineering (e.g. guarantees from philanthropy and government).

•	Seek "innovative cluster" potential to expand sustainability in a geographic area in a sector; offer
"wrap-around" services that target a specific challenge and solution.

Recommendations to EPA

P2 Grant Program Strategies

i.	Focus next round of P2 grants on grantees with expertise in relevant sectors for primary P2

finance opportunities and relevant capacities to advance P2 finance efforts (single industry
or group of industries with similar P2 issues.)


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ii.	Identify and support a cohort of regional P2 pilots that demonstrate robust partnerships for
pre-development support (technical assistance) and innovative funding relationships -to
serve as P2 "demonstration projects."

iii.	Through (i) and (ii) above, support development of finance ecosystems that broaden market
acceptance for financing P2 projects.

Education/Training Strategies

i.	Develop sector-based use cases for P2 financing (through grantees or consultants).

ii.	Develop a series of webinars on P2 success cases and factors contributing to success and
reference P2 Finance Forum learnings.

Risk Reduction Mechanisms

i.	Launch technology certification program around priority interventions in one or two
focus sectors.

ii.	Develop underwriting standards for P2 on specific waste streams within specific
industries, in conjunction with trade groups and technical experts.

iii.	Explore use of existing and new credit enhancements/guarantee programs (e.g. EPA
SRF, SBA, USDA, State-level programs, USDOE, etc.).

Appendix A

Pollution Prevention Finance Forum Summary Slide Presentation.

Additional Resources

https://www.epa.gov/waterfinancecenter/environmental-financial-advisorv-board-efab-pollution-
prevention-finance-forum

Pollution Prevention Finance Finance Forum Workshop 1 - Resource Packet
Pollution Prevention Finance Forum Workshop 1 - Presentation
Pollution Prevention Finance Forum Workshop 1 - Summary of Remarks
Pollution Prevention Live Webinar Recording, Workshop 1, March 9, 2022

Pollution Prevention Finance Finance Forum Workshop 2 - Resource Packet
Pollution Prevention Finance Forum Workshop 2 - Summary of Remarks
Pollution Prevention Live Webinar Recording, Workshop 2, May 10, 2022

Pollution Prevention Finance Finance Forum Workshop 3 - Resource Packet
Pollution Prevention Finance Forum Workshop 3 - Summary of Remarks
Pollution Prevention Live Webinar Recording, Workshop 3, August 23, 2022

Thank you to all who participated in the EPA/EFAB Pollution Prevention Finance Forum Series.


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Environmental Financial Advisory Board

Engagement with the Office of Pollution Prevention & Toxics:
Strategies to Expand Funding and Financing for OPT
Pollution Prevention Projects

9/19/2022

EFAB Briefing-9.20.2022

i


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Financing Small Manufacturer Pollution Prevention Projects
In Collaboration with: EPA Office of Pollution Prevention and Toxics
Office of Chemical Safety and Pollution Prevention - OCSPP

Project Leadership & Working Group

Kerry O'Neill,
CEO, New Prosperity
Capital; Chair, EFAB

Ashley Allen Jones,
Founder & CEO, i2 Capital,
Chair, EFAB P2 Workgroup

Ed Chu, EFAB
Designated Federal
Officer; Deputy
Regional Administrator,
EPA Region 7

Tara, Johnson, EFAB
Alternative Designated
Federal Officer; EPA
Water Finance Center

David Widawsky,
Ph.D. - Division
Director, EPA Office of
Chemical Safety and
Pollution Prevention

Pollution Prevention Workgroup Members

•	Kerry O'Neill, CEO, New Prosperity Capital

•	Ashley Allen Jones, Founder & CEO, i2 Capital

•	Stacy Brown , President and CEO, Fre berg
Environmental

•	Craig Hrinkevich, Managing Director, Baird

•	Chris Meister, Executive Director, Illinois
Finance Authority (EFAB Term Expired 7/2022)

EPA Project Workgroup Members

•	David Widawsky, Director, EPA OCSPP

•	Alison Kinn Bennett, Senior Advisor, USEPA Office
of Pollution Prevention and Toxics

•	Andrew Wynne, Project Coordinator, USEPA Office
of Pollution Prevention and Toxics

•	Tim Larson, President, Ross Strategic

•	Martha Sheils, Director, New England
Environmental Finance Center

•	Laura Harwood, Vice President, Eastern Research
Group

•	Cena Swisher, Senior Manager, Eastern Research
Group

9/19/2022

2


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Financing Small Manufacturer Pollution Prevention Projects
In Collaboration with: EPA Office of Pollution Prevention and Toxics

Office of Chemical Safety and Pollution Prevention - OCSPP

Pollution Pre

Problem

•	Gaps in funding for P2 projects for
SMEs

Key Questions

•	What challenges do SMEs face in
attracting P2 lenders?

•	What financing approaches that
address P2 opportunities?

•	What the role that EPA might play
to facilitate access to private
capital for P2 projects?

•	Do models and extension
programs exist that could be
employed to expanding financing
for P2 projects?

ntion Charge

Approach

•	Orchestrate a series of workshops
with finance sector experts to
explore key questions

•	Develop a set of concrete
recommendations for EPA's P2
Program that expand access to
financing

Timeline

•	November 2021 - October 2022

9/19/2022

3


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EFAB Charge: Financing Small Manufacturer Pollution Prevention Projects
In Collaboration with: EPA Office of Pollution Prevention and Toxics
Office of Chemical Safety and Pollution Prevention - OCSPP

WASTE MANAGEMENT HEIRARCHY

EXPLORE: BARRIERS TO FINANCING

Waste Management Hierarchy

r

Pollution Prevention

(Source Reduction)

Food/Beverage,
Auto,
Aerospace,
Fabricated

metals,
Chemicals

9/19/2022

Underwriting Risk

Technical Expertise

Fragmentation

Revenue vs. Cost

ADDRESS
CHALLENGES/OPPORTUNITIES

How could different
financing structures and
models increase
financing?

How would a sector-
based approach to
manufacturers inform
economies of scale in
financing?

How could EPA best
support expansion of
financing and assistance
programs?

NetZero; Supply Chain Sustainability

¦ ¦


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Financing Small Manufacturer Pollution Prevention Projects

In Collaboration with: EPA Office of Pollution Prevention and Toxics

EPA Source Reduction Examples

Financing Model

CDFI - Craft3: loans to transition from dry
cleaning to wet cleaning combined with State
Equipment Replacement Voucher Program =
elimination of hazardous chemicals

State Program - Michigan Small Business P2:
loan to transition conventional imaging to
digital radiology in medical industry reduced
hazardous liquid waste and solid waste

Commercial Financing: loans to support
installation of plural component surface coating
in aerospace and automotive industries =
reduced labor, product purchases, waste
generation and disposal costs (est 1.5 year ROI)

9/19/2022

5


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EFAB Charge: Financing Small Manufacturer Pollution Prevention Projects
In Collaboration with: EPA Office of Pollution Prevention and Toxics
Office of Chemical Safety and Pollution Prevention - OCSPP

Report to the Congress on the
Availability of Credit
to Small Businesses

September 2017

•	Scope of market

•	Trends in finance for SMEs

•	Major gaps in finance sector

•	P2 Finance equation

-	Focus sectors reflect industries with high
environmental footprints related to energy, water
and toxic chemical releases

-	Identified/quantified impacts to air, water and
biodiversity including broad natural
resource/climate challenges and more specific
human health issues

-	Well understood technology/process change with
clear budget parameters

-	Identified increase in free cash or decrease in
enterprise risk to justify expenditures and support
underwriting

9/19/2022

6


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Financing Small Manufacturer Pollution Prevention Projects

In Collaboration with: EPA Office of Pollution Prevention and Toxics

P2 Definition

What is definition of "pollution
prevention" for this project ?

s Any practice that reduces,
eliminates, or prevents pollution at its
source prior to recycling, treatment or
disposal (energy; water, chemicals,
other inputs to manufacturing).

s Reducing the amount of pollution
produced = less waste to control, treat,
or dispose of. Less pollution means
fewer hazards posed to human health
and the environment.

s Sustainable supply chains, products,
and services are growing market
opportunities.

Impocts to: Water, Air; Climate, Land =
Long-Term Biodiversity + Human Health

& Approach

EPA P2 Project Types

•	Process Management

•	Materials Substitution

•	Manufacturing Modifications

•	Resource Recovery

Current EPA P2 Programs

•	P2 Technical Assistance Grants to
National Emphasis Areas

•	Highlight Best Practices

•	Engage Businesses, Facilities,

Organizations, Federal Partners

Environmental & Cost Savings Metrics

•	Reductions in hazardous releases and
hazardous inputs (pounds)

•	Reductions in metric tons of carbon dioxide
equivalent: MTC02e

•	Reduced water consumption (gallons)

•	Cost savings associated with reducing energy,
water, disposal of hazardous waste, MTC02e

9/19/2022

7


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Financing Small Manufacturer Pollution Prevention Projects
In Collaboration with: EPA Office of Pollution Prevention and Toxics
Office of Chemical Safety and Pollution Prevention - OCSPP

Three Finance Forums Convened

Kerry O'Neill | Inclusive Prosperity Capital

Ashley Allen Jones (i2 Capital)

David Widawsky

Ceha Swisher, ERG

X Tara Johnson EPA

Tim Larson | Ross Strategic (he/him)

Craig Hrinkevich / Robert W. Baird & Co. Incorpo.

Mute

Stop Video

Security

Participants

Share Screen

Record

Reactions

Q Zoom Meeting

Goal: assess barriers to and opportunities for increased financing ofSME sustainability
efforts to support EPA P2 programmatic strategies and products

9/19/2022	I


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Pollution Prevention Finance Forum #1
Perspectives on Risks and Potential Financing Models & Tools

Matt McKenna, Executive in Residence
Georgetown McDonough
School of Business
Rural Opportunity Initiative

Jeremy Gilpin, Executive Vice President
Greater Commercial Lending

Aldric Seguin, Managing Partner
Global Sustainable Future

Kelsie Bouchard, Portfolio Manager
Coastal Enterprises, Inc.

Major issue: credit risk - comprised of (i) company
level P&L factors, (ii) technology risk, (iii) lack of clarity
in cost savings and ROI on projects

Sector level credit risk - comprised of (i)
fragmentation, (ii) business growth characteristics, (iii)
lack of transparency about nature and level of
challenge (e.g. toxic waste disposal)

Easiest mechanisms to reduce credit risk: loan
guarantees, tax advantaged lending (examples USDA
loan guarantees and Rural Business Investment Cos;
SBA loan guarantees and SBA Small Business
Investment Cos.) Allows private sector to operate with
credit that would typically be outside its scope

Potential to structure financing more effective]

"shared service" or "shared savings" models '
or innovative fee-based models (CPACE, etc.)

Potential to address technology risk through
certification, information sharing, sector-based
campaigns with established technologies.

Select CDFIs work deeply within communities to
address credit risk in unaerserved markets and
priority economic sectors. Establish relationships with
technical assistance organizations and technology
experts and to help mitigate risk

Key takeaway: "EPA should focus on reducing the risk of the credit risk profile of the user'

9/19/2022


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Pollution Prevention Finance Forum #2
Deep Dive on Specific Tools and Approaches

Catherine Sheehy, Head of
Advisory Solutions,
Environment & Furniture, UL
Consumer & Furniture

Brad Fletcher, Vice President &
Treasurer, Illinois Finance
Authority

Bert Hunter, Executive Vice
President and Chief Investment
Officer, CT Green Bank

Standards and 3rd party certifications can mitigate
risks for financial community through clarifying
terms, scope, metrics, and measurements, and
enabling benchmarking; credible entity standing
behind organization to confirm technology strategy.

Circularity portfolio: UL3600 includes waste aversion
validation at a site or across a supply chain to support
"circularity of a companies material flow."

C-PACE (Commercial Property Assessed Clean Energy
Program): used across 30 states - counties and
municipalities impose standardized, voluntarily
"requested special assessment liens" on behalf of
property owners. Supports equipment that is
Dermanently affixed to buildings, with
inancial/collateral ties to plant infrastructure.

Green Banks: provide financing to private property
and business owners to increase energy efficiency of
property; 15-year financing. Lend alongside
'commercial capital."

Examples: SME energy efficiency portfolio funded
through utility program @ 0% interest; Solar Power
Purchase Agreement Program simplifies and reduces
cost to deploy solar; loan loss reserve program for
primary lenders (e.g. E-Loan provides second loss
guarantee to lenders).

9/19/2022

10


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Pollution Prevention Finance Forum #3
Corporate Strategy, Partnerships & Distribution Networks



John Cox, Fmr. CEO, Turkey Hill
Dairy, John Cox Consulting

Martin Chilcott, CEO & Founder,
Manufacture 2030

Sarah Lee, Governor's Advanced
Manufacturing Sector Lead,
Washington State Department
of Commerce

Frank Altman, CEO,

Community Reinvestment Fund

Think about sustainability as a matter of continuous
improvement; analyze the value stream and where the waste
is in that value stream and work hard to find an intersection
of waste and profitability

Look for opportunities to partner with people who value
things that you don't necessarily value (e.g. excess land for
energy generation)

Consider seeking support from within the value chain (e.g.
OEMs seeking sustainability from within their supply chain)

Look for state-level resources to help support businesses in
being "investor ready"; understand what local lenders need.

Form strategic, targeted parterships with businesses to
attract private funding and philanthropy.

Look at network of Community Development Financial
Institutions (CDFIs) across the country that are concerned
with "those people that are farthest away from the
opportunity.' CDFIs are "capillaries of finance" that seek to
access hard to reach markets thorough financial engineering
(e.g. guarantees from philanthropy and government).

Look for opportunities to share the cost and complexities
across a sector.

Seek "innovative cluster" potential to expand sustainability in
a geographic area in a sector; offer "wrap-around" services
that target a specific challenge and solution.

9/19/2022

11


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EFAB Recommendations

I.	P2 Grant Program

•	Focus next round of P2 grants on grantees with
expertise in relevant sectors for primary P2 finance
opportunities and relevant capacities to advance P2
finance efforts [single industry or group of industries
with similar P2 issues]

•	Identify and support a cohort of regional P2 pilots that
demonstrate robust partnerships for pre-
development support (technical assistance) and
innovative funding relationships - to serve as P2
"demonstration projects"

II.	Education/Training

•	Develop sector-based use cases for P2 financing
(through grantees or consultants)

•	Develop a series of webinars on P2 success cases and
factors contributing to success (referencing workshop
learnings)

III.	Risk Reduction Mechanisms

•	Launch technology certification program around
priority interventions in one or two focus sectors

•	Develop underwriting standards for P2 on specific
waste streams within specific industries, in
conjunction with trade groups and technical experts

•	Explore use of existing and new credit
enhancements/guarantee programs (e.g. EPA SRF,
SBA, USDA, State-level programs, USDOE, etc.)

9/19/2022

12


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EFAB P2 Charge Deliverables

ollution Prevention (P2)
Finance Forum

A Project of EPA's EFAB and P2 Program

RESOURCE PACKET

ACCESSING CAPITAL: CHALLENGES FOR P2 FINANCING
P2 FINANCE FORUM WORKSHOP AGENDAS

•	Workshop 1: Setting the P2 Stage and Exploring Financial Structures

•	Workshop 2: Tools and Loan Structuring Strategies
Workshop 3: Partnership Models and Distribution Networks

*Note: Workshop recordings and written summaries are posted here:

is://www.eDa.aov/waterfinancecenter/environmental-financial-advisorv-boarc

Pollution Prevention
Finance Forum
Resource Package

J

Pollution Prevention

Finance Forum
Webinar Recordings

ENVIRONMENTAL FINANCIAL ADVISORY BOARD

Courtney L Black
Steven >.

VngeJa Montoya

Matthew T. Brawn

SUcy Brown
Theodore Chapman
Albert Cho

lac hary Davidson
Jeffrey R. Oiehl
Sonja B- favor*
Phyllis Garcia

Barry Hcrsh

Thomas Karal

je W.Kelly
dplyn Keyes Fleming

\ George W
NgjynKe)

DATE

The Honorable Michael S. Regan
Administrator

U.S. Environmental Protection Agency
12CO Pennsylvania Avenue, NW
Washington, D.C. 20460

Dear Administrator Regan:

LETTER CONTENT

Pollution Prevention Financing
Recommendations Letter

(5-7 Pages)

Environmental Financial Advisory Board

Engagement with the Office of Pollution Prevention & Toxics:
Strategies to Expand Funding and Financing for OPT
Pollution Prevention Projects

Pollution Prevention Financing
Conclusions &
Recommendations
(PowerPoint)


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