WEBVTT

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This year we have been challenged as a global Community

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reminding us again.

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That is not a viable business in a declining environment.

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Taking better care of our people and our planet.

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admission to the c-suite as top-level priorities

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because sustainability is smart business.

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That is no turning back only forward join us in rewriting

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the future as we guide you on the path to real change through

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sustainable business practices that protect our planet our people

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together.

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Welcome and thank you for joining.

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What I know is going to be a really interesting panel discussion

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from commitment to action.

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I David Sproul Deloitte Global deputy chief executive.

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I've always been a big believer.

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The business has a responsibility here.

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We're good in the world did genuinely put profit of purpose

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in balance.

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Climate change is at the top of the agenda for oci believe

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she seems lately.

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I'm thrilled to be joined by two other Business Leaders.

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Why no share the same sentiment.

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Let's introduce them first.

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We have Judith Bachelor.

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She's the director of corporate responsibility sustainability

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and public affairs and Sainsbury's one of the UK's largest

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racism.

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Amylose a joint by Rebecca mamas Chief sustainability

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officer Unilever Jennifer back on De Lys you both join me today

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to share your perspectives on high Business Leaders are responding

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to the expectations of stakeholders hospital employees

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in in MTG Platinum it and I'm going to just kick things off with

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a datapoint from the recent Deloitte survey climate check in with

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a 750 executive slightly Evan this report 82% of Executives

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that their organisations concerned very concerned by climate change

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to you.

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Is give me about focus on constant ability.

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Sandy wrongfully there's a lot of sentiment among commentators

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journalists the media.

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The business Community is all talk.

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No action. So what are your views on that?

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I'm Rebecca. Maybe we stop with you after acceleration

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in in recent years and she perished MTG is my oldies topic

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noticed, but the widest sustainability agenda has become mainstream.

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We seen it when you drop off a birthday recently Shana Brown

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versus Trump a prescribed 135 Sutton Foster's and they what they

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don't put out front in sometime. I

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think we sent it using either.

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I'm reading taking Arsenal not since the company.

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You know if you passed his friends sometimes a great wife is quickie

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on climate change in particular.

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I'm hugely accelerated up by the time.

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McCann realization of how much nature and Society all completely

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into Wavin. Send me at Unity by we make it look the Punjab

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election in 10 min are in business with a hundred percent

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renewable energy across the operation.

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It saved a lot of money a Brazilian.

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You're a butt in pounds since 2008.

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This is about business as well as the right thing.

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We were just don't take a waste of time by Nadine 19th 2008.

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I mean really bass recently House of climate action plan.

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It was taking up to an advisory if I stay or AGM and knocking

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out short medium and long-term goal Achievers climate Target.

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About me not dead right across the operations by 20 right away

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from to buy 2039 gave me to the cleaning products Bailey station

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three just curious time.

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We stepped out and how far you so bored of us by 2025.

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Do you understand that there is some skepticism.

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I know that wasn't the world's biggest Cooper to send that there

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a Target which is pretty great program.

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Means that we still got a full fix to go but I can company

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to waking up to that.

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We see not what they like to see the bike and administration

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of Estates 300 business.

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Just calling on the Presidents Cup.

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Rebecca thank you in the reception in that serve.

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I'm into the check survey feedback is you point we know that

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some skepticism that Judith maybe you could tell us from the

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same three points of view to dry climate action in the spark plug

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change in doing a Rosa trying to express that escaped

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in the summer.

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But like Rebecca that there's a lot going on and you can see

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that in the commitments that people have made and some of the

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actions that are being made but I can't think one of the two

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key things in all of this is a lot of the action that's taking

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place so far is in companies own operations because those are

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the things that's easy to fix.

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So whether that's a decarbonisation up your energy or heat or

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Refrigeration what y'all doing with lighting and all the other

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things transport electric vehicles particularly customer-facing

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sings the all customer-facing that we were working on require

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us to work across a long and sometimes complex Stanley you changed

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because we're going right back to agriculture upstream and then

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trying to influence consumers Downstream, and that's difficult

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so I can understand why people

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But there isn't much progress.

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We do know though that there is a massive consumer their moms

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for those things and that's all the motivation for a business

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to do the right thing.

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But all customers I would say though,

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but as you progress along this journey to NetZero one of the

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things that is really over this is the very complicated

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and you have lots of.

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And I think one of the things that that we've learned in that

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Journey with the complicated evolving evolving data,

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so the more information you got the more,

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you know is the actually it requires a great to live degree

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of collaboration. And therefore you cannot see Dr.

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Things in isolation.

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Do you have to drive things together?

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And as you know, bracing is easily said and difficult to do in

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practice, but also

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I think everyone should feel really reassured that's all of us,

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you know, whether it's usually the same Breeze in the broader

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system is working hard together with coalitions of Action

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Coalition of the Willing coalitions of the ambitious to really

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work together because of course weather is climate change,

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whether it's the nature prices that we're experiencing

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these very real emergencies.

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They know no Geographic boundaries.

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So what does that joke, Rafi is sainsbury shops and stalls

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and I'll Supply chainsaw Unilever sold those boundaries

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all the Joker face of the world those things disappear

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because I see these just all Global problems that require

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us to collaborate.

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I say I think people should feel reassured that weight during

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those things, but it is very complicated and managing the trade-off

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between whether it's water with it.

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Greenhouse gas emissions where is plastic packaging all of these

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things require us to be very resourceful and considered

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and if you look at any of the ones that rock that everyone

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would say I told you we know how to do half of this the

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other half is going to be research.

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It's going to be Innovation.

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It's going to be seeing what works in this but the suddenly

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No Lack of commitment across the sector nice of you that every

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action is real genuine action taking place to one of the things

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in the subway.

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Was that I have a 2/3 of the respondents cubed to slow down

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climate action. I'm interested in both your perspective

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of the damage of cool.

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Everyone's have to replay an impetus weather has cools that

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I'm dying over the past everyone loves businesses.

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At least I could say no in their employees are in operation

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thinking about that Supply shed.

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You dealing with the immediate shock of the pandemic,

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but I find it would get you a new ready mine.

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But lately that people wouldn't actually continue to realize

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now even more than before the impact of a Gable crisis and seeing

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everything it was assigned to millions of jobs and livelihood

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that risk terrible terrible house prices people dying just so

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hugely upsetting and I'm an environmental perspective

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never seen an increase for example and a piece of plastic.

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The guy is prevention is fall back to them because this is a crisis.

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Wow, the climate crisis to take action now and we have until

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I'd like to thank the bull does the climate crisis in isolation

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play everything that's happening on nature around by diversity

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around Migration by electrical interconnected together really

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now is the time.

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He double down and and and take action.

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I might even if they were switched on to being able to to to

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project 235 years into the future if you don't take action

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Now set me thinking from a can she look at the stock that it

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doesn't work in in pots from climate change in thinking

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please don't flip out how great season 2 changing around the

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well,

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Aquaculture, you're changing water availability in Brazil

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in California that impacts the way the people living life impact

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the way the people who sent me these products,

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for example, if you leave before Friday,

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whether it's to do laundry cleaning weather is Cookie get ready

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thinking about that combines with the Lively has the people

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who was very much impacted day today by climate change.

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So I thought thinking about the phone message.

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I got my internet connection between between station and environmental.

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He wouldn't Advocate holding off a school I think is why I gained

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ion engine to my face done to displease around ESG investing

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and suddenly we know the company seems to be accelerated

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to move on to the fgn greater importance than Khe sanh company

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for the able to show that can survive make it to show improved

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by battat NC State Mobility in the long time machine.

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Fidelity recent where the stuff is.

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Life without faith company does battery RC racing like crazy

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market for the Tennessee.

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How far back to drink.

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I'm done there.

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Was you to slow down Etc as you think about those actions,

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you've already got the reality. Is

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it supposed to become even more focused because I think

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what the pandemic has shown us is what we're capable spaced

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individually as a business.

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So Sainsbury's have delivered throughout the coronavirus

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in feeding the nation staying open keeping our colleague

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safekeeping AllCast was safe doubling our online deliveries

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hold of those kinds of things.

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I'm sure that's what we're capable of us a business.

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But also she knows what we're capable of and collaboration

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with others and in the way the government and the private

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sex to have worked together throughout the coronavirus

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to keep the nation's bad has been exemplary,

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I think an impressive It's been used to Lawton.

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It feels a bit like an understatement given where we are going

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to look this.

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But I think if you take for example this shielding at the clinic

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a vulnerable within the spaces 36 hours every single retailer

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in in the UK shows that online information with a independent

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said party those dates of points will cross-reference

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with the clinically ponderable that have been identified

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with 1.7 million people with their NHS records all in the public interest

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and then 65% of those 1.7 million what identifies

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unprioritized online shopping all in the space to say it's 36

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hours that is a piece of data sharing work in a pre competitive

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environment with government facilitating not in the public

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interest and if it stops in the public interest and certainly

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The Climb Garmin to crises definitely in the public interest

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for us to sort.

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So I think is really good examples of what happens over the last

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year that should give us confidence that we can work differently.

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I'm typically power against this additional set of emergencies

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and I think it's probably surprising to a soul because if you

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would said to me would you predict that you would work with

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your competitors on government in the way that you have that

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would have been a large stretch my imagination,

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but we showed it supposed to go.

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you normal has to include all greater collaboration

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with us commercial collaboration or with government never say,

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what is the Net Zero goals in put out of there by

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company leaders sack leaders little so more scrutiny SDSU measurements

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from your focus on long-term goals, if a helpful to you or I'm

00:16:18.300 --> 00:16:25.200
helpful in terms of trying to stay focus of the outside question.

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David is definitely yes, because I think the most recently

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the Becca and I say that because no single person can work this

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out on the road who said it it does require a great degree

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of collaboration and transformation require systems shift.

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What open when we talked about the system we didn't identify

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all the stakeholders the required to make that shift and it is

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the ngos. It is the policymakers The Regulators.

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It is competitors working more collaboratively.

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And unless we have the input from all of those stakeholders

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into the debate.

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We will not create the system shift.

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We need to see each other cuz we need to see that quickly

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when he says scale and unless we can convene with Ace people

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invest has included because Finance plays a huge role in this

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and Investments. I'm with things like the race to trillions

00:17:30.500 --> 00:17:34.700
will play a huge part in this unless we have bought dialogue

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that conversation then we won't move the Payson scale that we

00:17:39.500 --> 00:17:41.400
need to so I welcome it.

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I think we will all be the better for it.

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The mole that we can create a safe spaces to have those conversations

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and to create.

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I'm system in the room cuz it was the best of operation

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is why we agree with you.

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We will spend that you leave it talk about what we call them

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the multi-stakeholder muddle and I think not face Pastime

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climate really weird thing is from all the different stakeholders

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that you would have talked about.

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Some of them all people is wow,

00:18:11.700 --> 00:18:16.600
really will meet their employee surveys at Unity by pride and

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working for a company to cut sustainability front and center

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dance and I lost him.

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That way we did at the end of last year as to why people

00:18:26.100 --> 00:18:26.800
want to watch it.

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You needed my thing up even more to the four more prominent

00:18:30.300 --> 00:18:31.200
at you when you can.

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And that I'm using if they want to work companies for the taking

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action around issues that are important to them definitely

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be seen it was confused as a gay cuz she was wanting to buy

00:18:41.100 --> 00:18:47.900
from companies open organization the brown to record Climate

00:18:47.900 --> 00:18:52.200
weather is around Sasuke's that came out during the time done

00:18:52.200 --> 00:18:55.500
act around people taking views on companies and organizations

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as to how they do.

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I think the people in the Appleman study that was dumb reason

00:19:01.700 --> 00:19:05.500
these. They stop using the product of 72 companies that they

00:19:05.500 --> 00:19:08.200
didn't feel what engaging around to stay Independence

00:19:08.200 --> 00:19:14.100
Day. I've already told shareholders in an increasing flow of capital

00:19:14.100 --> 00:19:23.600
into ft 5 in pain, but we will take you to an advisory right

00:19:23.600 --> 00:19:24.300
to the Asia.

00:19:24.300 --> 00:19:36.900
Did you just point if this will require a pricing the different

00:19:36.900 --> 00:19:40.900
kind of way it's going to require working pre competitively

00:19:40.900 --> 00:19:43.500
knows things like something that stupid thing is showing the

00:19:43.500 --> 00:19:44.700
first station free.

00:19:45.000 --> 00:19:48.400
Don't think of older people watch decent that are imported

00:19:48.400 --> 00:19:53.200
rainy and master shift as well to the Future about customers

00:19:53.200 --> 00:19:56.700
at at at thanks president that died while continue to we put

00:19:56.700 --> 00:20:01.100
a billion you're a fund out recently to invest in climate

00:20:01.100 --> 00:20:03.500
to Nature's solution to help us reach our Target.

00:20:03.500 --> 00:20:07.100
We're going to bring that to life through the computer based

00:20:07.100 --> 00:20:10.600
marketing the bday the ready for some poultry Ben & Jerry's

00:20:10.600 --> 00:20:22.600
at the house if it's melted is ruin a the importance of climate

00:20:22.600 --> 00:20:26.700
change. What can I do with an individual to make it a friend

00:20:26.700 --> 00:20:35.000
like it and it lost the government just wow DK if he use new

00:20:35.000 --> 00:20:37.900
Greendale, I need a nice steak without welcome greeting

00:20:37.900 --> 00:20:40.700
in pressure from stakeholders to say was great.

00:20:40.700 --> 00:20:41.800
You shut these Target.

00:20:41.800 --> 00:20:43.300
How are you going to deliver them?

00:20:45.000 --> 00:20:45.800
I agree with you.

00:20:45.800 --> 00:20:53.400
I understand I can get great but just at the thought of it.

00:20:53.400 --> 00:20:56.500
I just recognizing the need to change.

00:20:56.500 --> 00:21:03.400
What is vice guide based on how they have to approach this really

00:21:03.400 --> 00:21:06.400
embedding. The change is bad because more whatever business

00:21:06.400 --> 00:21:19.800
and thinking about his full name of the one you go to have an

00:21:19.800 --> 00:21:22.800
alarm exactly is your point.

00:21:22.800 --> 00:21:27.000
This is an animal with his nice Pangolin charity initiative.

00:21:27.000 --> 00:21:30.200
Dinner is on the side of it is cool to the business.

00:21:30.200 --> 00:21:34.400
We relaunched a couple of months ago,

00:21:34.400 --> 00:21:36.700
which is all joining the business and sustainability.

00:21:36.700 --> 00:21:40.700
Chucky said I didn't

00:21:45.000 --> 00:21:50.100
I would like to thank outdated conversation about what is it sustainable

00:21:50.100 --> 00:21:53.600
estate or is it grey they all they wanted to say,

00:21:53.600 --> 00:21:56.500
you know, I can't you do that by making sure is too thin line

00:21:56.500 --> 00:22:00.000
dance your mistakes and future Foods.

00:22:00.000 --> 00:22:03.800
It's about thinking golf thought they still coming to the planet

00:22:03.800 --> 00:22:11.300
could feel how they could be ready thinking about some CMS and

00:22:11.300 --> 00:22:12.200
how they don't feel very well.

00:22:12.200 --> 00:22:16.400
They remain Treet the Diwali except rates after a week was known

00:22:16.400 --> 00:22:24.300
each other since I didn't say I posted it really have to be integrated

00:22:24.300 --> 00:22:25.700
brought the way through the organization.

00:22:25.700 --> 00:22:29.200
So that means into the government government.

00:22:29.200 --> 00:22:33.800
Sorry into the way that you counsel into this structure

00:22:33.800 --> 00:22:35.400
make it possible reward.

00:22:35.400 --> 00:22:38.900
I think not keep me posted this while he was a whole people

00:22:38.900 --> 00:22:42.100
to account within the company and of course when you do order.

00:22:42.100 --> 00:22:44.100
It really help to them change the coach around

00:22:45.000 --> 00:22:48.800
Play reprieve in the business case.

00:22:48.800 --> 00:22:59.000
So we don't have time for a grave risk Matrix on I'm actually

00:22:59.000 --> 00:23:02.700
ideally sustainable. She's going to be driving at least two or three

00:23:02.700 --> 00:23:05.400
if they different metrics and it was a big decision

00:23:05.400 --> 00:23:06.100
that we're making.

00:23:07.300 --> 00:23:12.300
Judith you view from Sainsbury's advice you gave to those who

00:23:12.300 --> 00:23:19.700
are in the foothills of this instead.

00:23:19.700 --> 00:23:23.200
I suppose the things that I would add to that is it starts at

00:23:23.200 --> 00:23:27.200
the top so bulls have to lead by example,

00:23:27.200 --> 00:23:31.700
and I think I'm one of the things that we've done it's a massive

00:23:31.700 --> 00:23:37.300
effort in scaling a boat and some of that wisdom to Lewis and

00:23:37.300 --> 00:23:42.700
Lambchop 2-0 and basically bringing all directors up to the same

00:23:42.700 --> 00:23:45.600
level of understanding cuz this is quite Technical and it's

00:23:45.600 --> 00:23:47.600
complicated and its own new.

00:23:47.600 --> 00:23:52.000
So you have to move together on that old people get left behind.

00:23:52.000 --> 00:23:56.000
So yes, get the board up speed and get the board leading

00:23:56.000 --> 00:23:56.400
from the front.

00:23:56.400 --> 00:24:00.900
I think Theta is incredibly important because again,

00:24:00.900 --> 00:24:05.800
you have to prioritize where you put your efforts and materiality

00:24:05.800 --> 00:24:07.000
is everything in this.

00:24:07.300 --> 00:24:11.100
Making sure that you're investing in pretty good dates because

00:24:11.100 --> 00:24:14.900
that's the management information that the team's the right

00:24:14.900 --> 00:24:19.800
still operating level needs to be able to make sure they interventions

00:24:19.800 --> 00:24:24.600
that they going to make a timely cost-effective and then print

00:24:24.600 --> 00:24:26.100
the biggest impact.

00:24:26.100 --> 00:24:30.300
I think that's easy to say because again,

00:24:30.300 --> 00:24:32.800
it's difficult in the science is evolving.

00:24:32.800 --> 00:24:37.600
So the other thing I would say is bringing the experts so I'm

00:24:37.600 --> 00:24:42.700
spending a lot of time getting the outside into coming to to all

00:24:42.700 --> 00:24:47.700
levels of management around very specific Topics in the coast

00:24:47.700 --> 00:24:51.900
because we were retailer that sells tens of thousands of products

00:24:51.900 --> 00:24:56.300
tools from all over the world the Rendezvous generalizations.

00:24:56.300 --> 00:25:01.500
So every products every every country is so strong African

00:25:01.500 --> 00:25:06.300
multi. Every situation we find ourselves in is a unique combination.

00:25:07.300 --> 00:25:13.500
Sasa from greenhouse gas emissions to biodiversity.

00:25:13.500 --> 00:25:19.700
All of those things coming together and unless the teams working

00:25:19.700 --> 00:25:20.600
in those areas.

00:25:20.600 --> 00:25:23.200
Dates are they called make informed decisions?

00:25:23.200 --> 00:25:27.400
And I think the other thing is don't underestimate

00:25:27.400 --> 00:25:31.500
thing is I think he's still Gates that said most people overestimate

00:25:31.500 --> 00:25:37.200
technology and Innovation can deliver in the short time but underestimated

00:25:37.200 --> 00:25:39.000
in the medium-to-long-term.

00:25:39.000 --> 00:25:43.700
So I think I'm high on the bay sister in the medium-to-long-term.

00:25:43.700 --> 00:25:48.400
You can deliver those things and share success is because

00:25:48.400 --> 00:25:52.100
I think we haven't got time for a suit to individually

00:25:52.100 --> 00:25:57.800
learn by trial-and-error and best practice to what we got is fundamentally

00:25:57.800 --> 00:25:59.700
important in the speakers aside.

00:25:59.700 --> 00:26:00.900
We need to move the paste.

00:26:04.700 --> 00:26:08.100
Isis being a really excellent conversation, thank you for being

00:26:08.100 --> 00:26:12.900
candid and sharing your experience will write my tack and climate

00:26:12.900 --> 00:26:17.300
change and credible sustainable future is a collective

00:26:17.300 --> 00:26:19.200
responsibility. It's not easy.

00:26:19.200 --> 00:26:22.200
But I hope you learn from the feedback in the comments from

00:26:22.200 --> 00:26:24.300
a Judas and Rebecca.

00:26:24.300 --> 00:26:29.100
It can be done stations.

00:26:35.400 --> 00:26:36.900
So thank you for joining us.

00:26:36.900 --> 00:26:39.500
Thank you. Again to Judith the Rebecca Thank You For Business

00:26:39.500 --> 00:26:40.300
Insider.