WEBVTT 00:00:01.000 --> 00:00:03.840 As the world confronts the impacts of global warming, 00:00:03.840 --> 00:00:07.480 climate and sustainability goals are now key components of future 00:00:07.480 --> 00:00:09.080 oriented financial planning. 00:00:09.080 --> 00:00:12.840 In fact, top asset management companies are increasingly aligning 00:00:12.840 --> 00:00:16.800 their strategies to achieve net zero portfolios by 2050. 00:00:17.000 --> 00:00:20.920 It can also help identify new investment opportunities, climate related risks 00:00:21.200 --> 00:00:25.280 and decarbonization levers that, in turn, can help cut costs within the portfolio. 00:00:25.680 --> 00:00:26.960 And there's more. 00:00:26.960 --> 00:00:29.640 Net zero asset owners are seen as great partners 00:00:29.640 --> 00:00:32.960 for Co-investors and has attractive employers for talent. 00:00:33.240 --> 00:00:37.880 Our research has found that globally, a total of 100 to $150 trillion 00:00:37.880 --> 00:00:41.320 is needed over the next three decades to decarbonize industries. 00:00:41.400 --> 00:00:45.960 Now is the time for forward thinking asset managers and asset owners to act. 00:00:46.240 --> 00:00:50.360 And as the principal strategy and action partner to COP28 here at BCG, 00:00:50.360 --> 00:00:55.000 we are proud to support the GCC region as it continues to drive the net zero agenda forward.