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(lively music)

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This is the critical decade

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for the reduction of emissions.

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What we do between now and 2030

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will determine how close we can hold the world to 1.5.

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This task is too big for any one person

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or for any one government or for any one department.

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We need your help, your ideas, your energy,

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your commitment, your engagement.

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It gives me great pleasure

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to officially declare the BCG Climate & Sustainability Hub

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open for business.

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(audience clapping)

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So we're really excited today

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to be launching BCG's Climate

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and Sustainability Hub in Sydney.

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That Hub is a resource for Australian businesses, industry,

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government, not-for-profits,

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and the academia sector to come together

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to solve some of the most complex challenges facing us

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as we tackle climate and sustainability.

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How do you decarbonize your operations?

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How do you decarbonize a value chain?

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The Hub is designed to be a catalyst for all of that.

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So we have the Minister for Climate Change

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and Energy launch it formally,

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join a discussion panel with Rebecca Russell

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who heads our climate and sustainability practice.

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Brad Banducci from Woolworths

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and David Thodey from the Climate Leaders Coalition.

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Really talking about the possibility

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and how this embodies what's necessary in Australia:

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an ecosystem of players,

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businesses, and others working together.

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<v ->What's interesting to me</v>

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as the biggest company in sort of in terms

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of economic footprints in Australia,

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when we add up our Scope 1 and 2 emissions,

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they are 1/15 of our Scope 3 emissions.

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And that just says it all.

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No matter what we do,

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we cannot get the progress we want

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without engaging with others.

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And so having someone as a hub

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to get together and share best practice learnings

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or support others is a key part

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of actually unlocking that goodwill aspiration

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across the whole value chain.

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I just want to commend BCG

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for bringing this hub together

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because we need all of Australia.

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If we're going to be successful

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about getting to 43% reduction

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in our carbon footprint by 2030,

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that's an enormous challenge.

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However, I am optimistic.

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I think if corporate Australia

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and government working together with small

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and medium business, we can nail this.

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I'm getting goosebumps.

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I've been on this journey for many years,

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and the energy in the room today

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is not something I have seen before.

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This is a global challenge,

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not just a local challenge,

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and Australia has some fantastic capabilities

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that don't exist in the rest of the world,

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and we have a scale that is big enough

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to make change but small enough to get it done,

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so we can actually innovate faster

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than the rest of the world if we put our mind to it.

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(upbeat music)