Dr. Chaya, Dave, welcome. Dr. Chaya to you first,
as an organization you've committed to, and are on your way to, net zero.
What have you learned on your journey so far?
We're starting to...
we have a roadmap with a clear target that we'd like to achieve net
zero by 2050 and on the way,
we hope that we can get it down 20% by 2030.
So right now we're in the process of execution,
I think so far so good...
it's on track from the initiative we have done for the past two years.
So for the short term,
I think we'll still be able to do it
as we plan. But again,
on the longer term we see a lot of uncertainty on the regulation,
support on the technology,
and we'd still like to revisit
the economic feasibility of some initiatives, but hopefully,
we're getting there,
to get the 20% done by 2030.
What are you seeing in Asia and Southeast Asia?
Well, first off, Georgie, Asia and Southeast Asia is so diverse. You know,
every country has its own unique circumstances, the economy and so on.
So we see multi-speed across across Asia.
And I would say that picking up on what Dr. Chaya was saying,
that we are now moving towards a phase of... everyone's got commitments,
targets, roadmaps, and we are really into implementation, right?
And very much in the spirit of this COP, it is...
how do you get things going on the ground? We're very much, you know,
seeing companies starting to think about how you change processes,
how you deploy resources differently, how you think about your talent model,
how you change incentives and manage performance. So a lot is happening,
in terms of retuning the engines,
within these companies and these organizations, but happening at multi-speed.
Dr. Chaya, what have you identified as your priorities going forward?
I think we're in the process of transition to new business
models.
And we have to assess the physical risk and maybe a transition risk
too, so it's a phase of transformation and right now
our priority is how we're going to get there in terms of...
to make sure the businesses are still viable in terms of
performance. But at the same time, we reduce the footprint,
from the environmental perspective. Hopefully,
we transition to low carbon business and, and it's looking okay...
we see a lot of opportunity going forward.
Finally, Dave,
how do you view the role of the chemical sector in accelerating decarbonization?
I think the chemical sector plays a critical role in driving innovation and new
green products.
It is a sector that has a huge
demand for hydrogen, for example, and green hydrogen, as we know,
is a big catalyst for decarbonization for many economies.
And being a demand center for hydrogen,
we actually help catalyze some of the scale-up and growth that is needed
for mitigation paths that we need in every country.
What's your view on that, Dr. Chaya?
I agree with Dave... Opportunity, not just for business,
but by transition to green energy, which we use a lot,
from the chemical industry perspective... it's a lot of opportunity.
For example, hydrogen, like Dave mentioned, there also some...
access to other renewable as well. I think for, for example,
we're using a lot more in terms of renewable feedstocks for making
biochemicals and biomaterials. And, and I think from the consumer perspective,
they're aware,
and they like to have some options to use these kinds of products.
Dr. Chaya, Dave, thank you so much.