macquarie.com.au  2014 Annual Financial Report  Macquarie Group Limited and its subsidiaries  Environmental, Social and Governance Report  continued  Specialised ESG products Asset financing Energy efficient asset finance  Smart metering finance  People and workplace  Integrity and good decision-making  Solar photovoltaic system financing  20  In addition, the Integrity Office draws on the St James Ethics  Centre as an independent advisory resource. In partnership  with the St James Ethics Centre, Macquarie has developed a  number of training modules that continue to be provided to  staff.  To ensure that Macquarie’s culture of honesty and integrity  remains strong throughout the organisation, the Integrity Office  coordinates specific training on Macquarie’s Goals and Values  for all staff who join Macquarie. Integrity Officers meet regularly  with business groups to train and support staff in good  decision-making and to promote continued awareness of the  principles that underpin the way Macquarie operates.  Macquarie established the role of Integrity Officer in 1998.  The Integrity Office now includes a group-wide Integrity  Officer supported by regional Integrity Officers. The Integrity  Office reports directly to the Chief Executive Officer (CEO)  and regularly updates the Board Governance and  Compliance Committee.  During FY2014, Macquarie Energy Leasing continued to  expand its commercial rooftop solar finance offerings in  Australia. The business is using existing channels to market  through its extensive broker network as well as direct to  large corporate vendors. Macquarie recognises that the trust and confidence of its  clients and the community are critical to its long-term  success. Staff are expected to act with honesty and integrity  at all times. These principles, and the  Goals and Values  that  govern Macquarie’s approach, are set out in  What We  Stand For.  Macquarie will continue to work closely with the UK  government and energy suppliers to facilitate an effective  roll-out of smart meters to 27 million homes by the end of  2020.  Macquarie currently leases more than 860,000 smart meters  to energy retailers in the UK and has recently been awarded  several significant additional smart meter contracts that are  expected to result in leasing a further 266,000 smart  electricity and gas meters. This will see Macquarie finance a  total of 1.13 million smart meters by 31 March 2015. Macquarie recognises that its most important assets are its  people. Macquarie recruits talented individuals and  encourages them to realise their potential in an environment  that values excellence, innovation and creativity. Macquarie  provides a wide range of programs that reflect Macquarie’s  Goals and Values  and support the development, diversity  and wellbeing of our employees. This ensures the business  continues to meet the highest standards and serves the  evolving needs of its clients.  Macquarie continued to increase its funding lines to UK  energy retailers to facilitate the accelerated roll-out of smart  gas and electricity meters which assist with efficient energy  management in the industrial, commercial and residential  sectors. Established in November 2011, the Energy Efficient Asset  Financing Program focuses on energy efficient assets in  Australia. The program has brought a new source of finance  to stimulate uptake of, and investment in, clean energy  technologies in existing commercial buildings and industries  throughout Australia. Equipment finance can include: solar  PV, energy-efficient lighting systems, heating, ventilation and  air-conditioning, and smart building systems. – solar photovoltaic system financing  – energy efficient asset finance – Delaware Investments SRI products – Delaware has  longstanding experience in ESG investing and seeks to  invest in companies that incorporate positive ESG  behaviour into their business operations. Offering a  spectrum of specialist products to investors, total  assets managed under these SRI strategies is  $US790million as at 31 March 2014  – Macquarie Private Portfolio Management (MPPM) offers  wholesale clients customised investment solutions  aligned to their specific ESG goals or screening  preferences. MPPM also provides retail clients with  access to model portfolios with a broad, socially  responsible investing bias using both internal and  external factors. All clients investing in MPPM-managed  strategies have access to a research process that  includes embedded ESG-focused factors. The  combined funds under management covered by these  strategies is $A1.3 billion.  Macquarie has experienced teams that offer clients  specialised investment products that respond to and support  their particular ESG requirements. Examples of these  investments include:  Since 2006, Macquarie has invested in Clean Development  Mechanism (CDM) projects. As at 31 March 2014,  Macquarie held a portfolio of 40 CDM projects, that could  generate over 25 million emissions credits.  Macquarie uses its specialist expertise in finance and asset  management to provide the following solutions and services: 