carbon emissions have financial impact on our investments as long-term owners we needed the data there has always been a tension between our economy and our environment reconciling the two has proven to be one of the greatest challenges of our age but two decades ago an environmental movement was born and it started with simple yet innovative idea that creating transparency on environmental impact can halt environmental destruction and once that seed was planted it grew in size and scope cdp pioneered environmental disclosure we founded cdp in the year 2000 because the risks of climate change have become
crystal clear the simplicity of the original idea behind cdp that investors would ask corporations to disclose on their climate performance ultimately what gets measured gets managed over the past 20 years the seed cdp planted has grown from a good idea into a global movement two decades ago when we started talking about carbon disclosure with our companies many responded with resistance or were put off or in denial but over time in working with them they started to understand that for us as equity managers we view risk very seriously carbon is another form of risk and the
prudent management around carbon emissions is something that we value this is why we decided to support cdp as one of the first investor signatories [Music] [Music] we've transformed business as usual and grown that transformation in whole cities and regions [Music] buenos aires [Music] [Music] the transformation we planted is moving faster than ever towards a better and brighter future but there's still much work to be done and the clock is ticking so we're acutely aware that cdp's 20th anniversary falls during the covet crisis what we can see from this is as governments think about how to
build back economies we need to build back better the data and insights from cdp's disclosure process are informing the transformation of the economy towards a net zero water secure zero deforestation economy we have a choice and if every company investor city and government becomes aware of the risks and prioritizes taking action we can create a sustainable future the one that we all want at cdp we believe that our economy and our environment don't have to be at odds we believe that through transparency action and ambition that we can create a thriving economy that works for
people and planet in the long term [Music] you
