We have been in the journey of building the climate
sustainability business together now for three years.
It's a nascent space for the world, but, at the same time,
it's developing rapidly, right?
You said it well, the developing rapidly resonates.
And what I love about where we are is the evolution and the
specificity of the dialogue from convincing clients, phase one,
that this is an issue.
Phase two, convincing them to set a target and deliver against it.
But where we're really finding ourselves now, it's not just
about setting a target, it's about building the solutions to
accelerate the transition.
And it's not just a good thing to do anymore, it's actually
where the growth is, where the new profit pools are.
I feel when we convene those groups, we know the one common
denominator that we see in those discussions is that this is a
at-scale, large CapEx game.
These businesses are underwritten on the 10-year
climate trend, not the 10-month climate trend.
And the 10-month climate trend we've seen is very volatile,
right, given the politicization topic.
But the 10-year climate trend, you can underwrite.
And that's why capital is excited and corporates are
excited because the direction of travel in terms of where these
green value pools are going is clear.
And, therefore, if you go into these spaces with long-term
business-build mindset, you are going to participate in that
upside over time.
As long as you can weather that short-term volatility.
I agree.