WEBVTT 00:00:00.866 --> 00:00:03.166 Welcome, Richard and Charlie. 00:00:03.166 --> 00:00:05.433 Thank you so much for joining me here today. 00:00:05.833 --> 00:00:09.000 We wanted to talk about how innovation and collaboration can 00:00:09.000 --> 00:00:11.733 really drive the net zero transition in the chemical 00:00:11.733 --> 00:00:12.166 industry. 00:00:12.166 --> 00:00:16.800 If you look at the Global Impact Coalition and Clariant’s ambition 00:00:16.800 --> 00:00:21.033 overall, what's driving your aspiration to get to net zero? 00:00:21.033 --> 00:00:25.233 And why did you engage in in GIC so early on as a founding 00:00:25.233 --> 00:00:25.733 member? 00:00:26.900 --> 00:00:30.666 Well, I think it's important to understand that for Clariant with 00:00:30.666 --> 00:00:34.200 our purpose, greater chemistry between people and planet, the 00:00:34.200 --> 00:00:37.666 topic of driving sustainability in the value chains that we 00:00:37.666 --> 00:00:40.033 operate in is really core to who we are. 00:00:40.733 --> 00:00:43.966 And, and that is reflected on the one hand in the products 00:00:43.966 --> 00:00:47.266 that we're developing and the innovations that we're doing, 00:00:47.266 --> 00:00:50.300 but also it has an important aspect and how we have to 00:00:50.300 --> 00:00:53.800 conduct business because if we do the transformation, we cannot 00:00:53.800 --> 00:00:54.466 do it alone. 00:00:54.900 --> 00:00:58.266 We have to team up with other like minded companies and in the 00:00:58.266 --> 00:01:01.466 value chain or like minded companies in our industry sector 00:01:01.466 --> 00:01:03.866 to actually make this transformation happen. 00:01:03.866 --> 00:01:07.166 And that's, that's where the Global Impact Coalition provides 00:01:07.166 --> 00:01:09.600 us with a unique platform to actually do that. 00:01:10.600 --> 00:01:11.166 Thank you. 00:01:11.200 --> 00:01:15.233 And, and Charlie, you've often said that sustainability and the 00:01:15.233 --> 00:01:18.533 transition to net zero needs to be business case lead. 00:01:18.533 --> 00:01:21.333 And that's very much the ethos that you've also put behind the 00:01:21.333 --> 00:01:22.366 Global Impact Coalition. 00:01:22.733 --> 00:01:25.833 So what has been your vision behind it and how does that 00:01:25.833 --> 00:01:27.466 translate into practical work? 00:01:27.766 --> 00:01:31.033 So there needs to be obviously a sustainability business case. 00:01:31.333 --> 00:01:34.833 There also needs to be an economically viable business case 00:01:34.833 --> 00:01:38.066 So this is something that through the Global Impact Coalition 00:01:38.066 --> 00:01:41.366 as an enabling platform for companies like 00:01:41.366 --> 00:01:43.633 Clariant of course with with many other leading chemical 00:01:43.633 --> 00:01:46.733 companies, we are really looking at what are the key opportunity 00:01:46.733 --> 00:01:51.733 areas that that make sense for the company, but also 00:01:51.733 --> 00:01:55.233 contributes to moving the needle really on the overall 00:01:55.233 --> 00:01:56.866 sustainability agenda. 00:01:56.866 --> 00:02:00.133 So this is really I would say what the Global Impact Coalition 00:02:00.133 --> 00:02:03.733 is focusing on; the enabling platform on one hand of marrying 00:02:03.733 --> 00:02:06.600 sustainability with a commercially viable business 00:02:06.600 --> 00:02:10.433 opportunity, but also acting as an accelerator, right. 00:02:10.433 --> 00:02:14.466 So looking at what are the opportunities that anyone 00:02:14.466 --> 00:02:17.366 company would not be able to do alone, what really needs a 00:02:17.366 --> 00:02:21.766 collaborative effort and approach in order to to speed up 00:02:21.766 --> 00:02:24.333 this journey that that we're all on. 00:02:24.333 --> 00:02:28.533 Richard, I'd like to stay on Charlie's point collaboration 00:02:28.533 --> 00:02:32.100 and business case led. At Clariant, you focused on 00:02:32.100 --> 00:02:35.000 circularity, on bringing down greenhouse gas emissions for a 00:02:35.000 --> 00:02:36.000 long time, right? 00:02:36.000 --> 00:02:37.066 This is nothing new for you. 00:02:37.400 --> 00:02:40.500 However, you're engaging in the Global Impact Coalition. 00:02:40.733 --> 00:02:44.000 So what is that giving you on top and how is that enabling you 00:02:44.000 --> 00:02:45.466 to go further or faster? 00:02:45.466 --> 00:02:49.700 We have to drive down the cost of these sustainable solutions 00:02:49.700 --> 00:02:53.433 so that we have broad adoption and and that's and that's where 00:02:53.433 --> 00:02:57.066 we see that the Global Impact Coalition focusing on projects 00:02:57.066 --> 00:03:01.533 that can decarbonize or create circular value chains really is 00:03:01.533 --> 00:03:05.266 helpful because we can work, we can come with the different 00:03:05.266 --> 00:03:07.966 expertise that we have with the different tool boxes that we 00:03:07.966 --> 00:03:11.266 have and then combine this to get an optimal solution. 00:03:11.266 --> 00:03:12.833 And that's pretty unique in the industry. 00:03:12.833 --> 00:03:15.433 Thank you for the example, Richard, and thank you for 00:03:15.433 --> 00:03:16.100 joining us today. 00:03:16.100 --> 00:03:17.433 Thanks, Charlie, to you as well. 00:03:17.666 --> 00:03:18.766 Thank you very much, Judith.