(inspiring music)
-: There is strong and growing evidence
of the significant competitive advantage
that companies can gain from climate action.
Just three examples.
The first one is in efficiency.
The moment companies can save energy,
they can save cash and carbon alike.
Our research, in fact, has shown
that more than 50% of the emissions,
across all the sectors, can be abated at net-zero cost.
The second example is in talent.
Everyone wants to work for more
sustainable companies nowadays,
and this numbers are only increasing.
In fact, a survey has shown that already half
of the employees will choose, or not choose,
an employer based on their sustainability positioning,
and last but not least, growth.
Growth in the 21st century will not come anymore
from fossil-based business models and products.
With a forward-looking perspective,
we already do see today that the greener products
do enjoy significantly higher growth,
up to 25% per annum higher than the classic versions of that.
There are a few things that lead us on decarbonization
and climate action,
can and are doing differently than [Unintelligible].
First of all, they're fully committed.
They are investing aggressively.
They're, in many cases, also taking risks,
and most importantly, I would say they have a very
clear path towards a net-zero future.
There's many reasons to be pessimistic,
but there's one reason for optimism that to me stands out,
and that is technology.
Over the past decades, we've again and again,
underestimated the progress that technology can make.
But let's not make a mistake, in all the progress
in these technologies is dearly needed to really deliver
on the 1.5 or 2 degree path.
So we will need to keep investing.
We will need to up our game in the investments,
in the risk taking, in the technology bets that we place,
and then collectively solar, wind, batteries,
but going forward also, electrolyzers, bio energy,
direct air capture, and many other technologies,
will need to play a crucial role,
and we will need to deliver
on this scale game that we have seen
in the past in order to essentially save our planet.