WEBVTT 1 00:00:00.720 --> 00:00:03.030 I'm Shalini and I lead the topic 2 00:00:03.030 --> 00:00:06.330 of sustainable food systems and nature-based solutions 3 00:00:06.330 --> 00:00:07.830 in our Climate & Sustainability 4 00:00:07.830 --> 00:00:10.053 and Social Impact practices at BCG. 5 00:00:11.100 --> 00:00:13.170 Nature is already at the brink 6 00:00:13.170 --> 00:00:16.260 and we've only begun to see the effects of climate change. 7 00:00:16.260 --> 00:00:18.390 Many of these systems are failing. 8 00:00:18.390 --> 00:00:21.930 Our food systems, for instance, were fragile to begin with 9 00:00:21.930 --> 00:00:24.810 and while we made great advances in productivity 10 00:00:24.810 --> 00:00:26.460 in the past few decades 11 00:00:26.460 --> 00:00:28.500 with which we're now producing enough food 12 00:00:28.500 --> 00:00:31.893 to feed the world, we still have a billion that are hungry. 13 00:00:32.880 --> 00:00:35.010 Just a few shocks in a year or two, 14 00:00:35.010 --> 00:00:36.540 a flood here or a drought there, 15 00:00:36.540 --> 00:00:38.340 a geopolitical crisis somewhere, 16 00:00:38.340 --> 00:00:40.170 it's brought on its knees, 17 00:00:40.170 --> 00:00:43.560 creating a humanitarian crisis, a supply-chain crisis, 18 00:00:43.560 --> 00:00:47.700 challenging access, quality, and affordability of food. 19 00:00:47.700 --> 00:00:50.070 The same can be said for many natural systems 20 00:00:50.070 --> 00:00:51.240 that are at strain, 21 00:00:51.240 --> 00:00:52.680 the rivers and the oceans 22 00:00:52.680 --> 00:00:54.960 that are at the brink with plastic waste, 23 00:00:54.960 --> 00:00:58.770 the land and biodiversity challenges from deforestation. 24 00:00:58.770 --> 00:01:03.660 In this context, only transformational change will work. 25 00:01:03.660 --> 00:01:06.750 We will need to modify centuries-old traditions 26 00:01:06.750 --> 00:01:08.160 on how we grow food. 27 00:01:08.160 --> 00:01:11.610 We'll need to embrace some forgotten ideas on what we eat. 28 00:01:11.610 --> 00:01:14.820 We will need to transform what and how we grow 29 00:01:14.820 --> 00:01:16.353 and consume and wear. 30 00:01:17.880 --> 00:01:19.290 In my role as the leader 31 00:01:19.290 --> 00:01:21.720 of climate sustainability and societal impact 32 00:01:21.720 --> 00:01:24.150 for consumer and retail companies, 33 00:01:24.150 --> 00:01:27.450 what I see around the world is the tremendous opportunity 34 00:01:27.450 --> 00:01:31.050 and impact that consumer and retail companies can have. 35 00:01:31.050 --> 00:01:34.230 Many of the leading companies have bold ambitions, 36 00:01:34.230 --> 00:01:36.210 really exciting initiatives, 37 00:01:36.210 --> 00:01:39.900 that can support this transformation that is happening. 38 00:01:39.900 --> 00:01:43.320 Companies can affect the way consumers think 39 00:01:43.320 --> 00:01:44.910 about the products that we buy, 40 00:01:44.910 --> 00:01:48.090 what we do with those products after we use them. 41 00:01:48.090 --> 00:01:50.700 They can create resilient supply chains 42 00:01:50.700 --> 00:01:52.860 that have lower carbon footprints. 43 00:01:52.860 --> 00:01:55.260 They can create access to products 44 00:01:55.260 --> 00:01:57.930 that are not reliant on deforestation 45 00:01:57.930 --> 00:02:00.990 and don't result in loss of biodiversity. 46 00:02:00.990 --> 00:02:04.020 What we see leading consumer and retail companies 47 00:02:04.020 --> 00:02:06.870 to in this space is integrate sustainability 48 00:02:06.870 --> 00:02:08.490 into the core of their business, 49 00:02:08.490 --> 00:02:11.280 into every aspect of decision making. 50 00:02:11.280 --> 00:02:15.150 They look at sustainability as a source of value creation, 51 00:02:15.150 --> 00:02:18.180 as a way to drive advantage for their business, 52 00:02:18.180 --> 00:02:20.160 not just as a cost, 53 00:02:20.160 --> 00:02:24.480 and they invest in digital to create a robust backbone 54 00:02:24.480 --> 00:02:27.180 and real transparency into sustainability 55 00:02:27.180 --> 00:02:30.363 to be able to drive this transformation for their business.