WEBVTT 1 00:00:04.270 --> 00:00:05.672 - Many companies are looking 2 00:00:05.672 --> 00:00:08.675 at transforming their operations for sustainability 3 00:00:08.675 --> 00:00:12.379 and as they do so, they are under a lot of pressure. 4 00:00:12.379 --> 00:00:13.380 They have to look at emissions 5 00:00:13.380 --> 00:00:16.049 across scope one, scope two, scope three. 6 00:00:16.049 --> 00:00:19.386 They need to find ways to manage and reduce their footprint. 7 00:00:19.386 --> 00:00:21.187 This is not only a necessity 8 00:00:21.187 --> 00:00:24.424 but also a massive opportunity both for startup companies 9 00:00:24.424 --> 00:00:26.659 but also for established corporations. 10 00:00:26.659 --> 00:00:29.162 There's trillions of dollars being invested 11 00:00:29.162 --> 00:00:30.330 in new technologies 12 00:00:30.330 --> 00:00:33.299 and new business models to drive decarbonization 13 00:00:33.299 --> 00:00:35.869 and we believe corporations have an opportunity 14 00:00:35.869 --> 00:00:37.837 to be part of this and drive growth 15 00:00:37.837 --> 00:00:40.774 in their business by helping others to decarbonize. 16 00:00:43.276 --> 00:00:45.879 Two-thirds of the technologies which we need 17 00:00:45.879 --> 00:00:48.181 in order to get to net zero by 2050 18 00:00:48.181 --> 00:00:50.717 require some form of innovation. 19 00:00:50.717 --> 00:00:52.919 About half of those two-thirds need to come 20 00:00:52.919 --> 00:00:56.189 from scaling existing technologies -- think hydrogen -- 21 00:00:56.189 --> 00:00:59.159 and the other half requires completely new innovation. 22 00:01:00.093 --> 00:01:01.995 And so there are really two forms 23 00:01:01.995 --> 00:01:04.164 of innovation CEOs should look at. 24 00:01:04.164 --> 00:01:07.167 On one hand, how do I scale what already exists? 25 00:01:07.167 --> 00:01:10.170 And then on the other hand, how can I really leverage 26 00:01:10.170 --> 00:01:13.473 new technologies for breakthrough new innovation? 27 00:01:13.473 --> 00:01:14.441 There are lots of barriers 28 00:01:14.441 --> 00:01:16.743 for companies when it comes to innovation. 29 00:01:16.743 --> 00:01:18.678 Typically, many of the companies we talk to 30 00:01:18.678 --> 00:01:21.214 are really good at incremental innovation 31 00:01:21.214 --> 00:01:24.017 but whenever there is more disruptive innovation, 32 00:01:24.017 --> 00:01:26.586 we find companies have challenges doing that. 33 00:01:26.586 --> 00:01:29.956 And so there it helps to find new governance structures, 34 00:01:29.956 --> 00:01:32.192 new ways to develop a new business model 35 00:01:32.192 --> 00:01:33.393 outside from the core. 36 00:01:34.828 --> 00:01:37.697 I think CEOs need to keep in mind that generally speaking 37 00:01:37.697 --> 00:01:40.333 we have a tendency to underestimate the speed 38 00:01:40.333 --> 00:01:43.536 at which new technologies evolve and then gets to scale. 39 00:01:43.536 --> 00:01:45.472 And so it's important to have a look at that 40 00:01:45.472 --> 00:01:48.041 and early on, identify what are opportunities 41 00:01:48.041 --> 00:01:50.310 for me to leverage such new technologies 42 00:01:50.310 --> 00:01:51.811 to drive my business forward 43 00:01:51.811 --> 00:01:54.147 and drive growth in my business.