Responding to climate change can provide opportunities for value

Sustainability and climate generally is one of the factors, one of the factors which is putting significant amounts of value in motion in our economic system. It's driving value in motion between businesses, between sectors and even between regions. And of course, that creates tremendous opportunities almost regardless of what sector you're in because that level of change, that level of impact on supply chains, on transactions, on valuations, that creates opportunities to create competitive advantage by being clear about where those opportunities rest as a consequence for your business and then having a plan to implement and execute on that basis. I think one of the most significant opportunities is to think about understanding how climate impacts your business from a number of different perspectives, whether it's energy efficiency, whether it's resilience in your supply chain, whether it's opportunities for new products and services. And then ensuring that those opportunities are translated into your strategy, your plans, your decision making, your execution, that creates potentially significant competitive advantage. In particular, the kinds of transformation that we see our world going through at the moment, whether it's from a sustainability perspective or more broadly in the context of, for example, the combination of AI and technology together with sustainability, they create significant opportunities for competitive advantage because of that change, which means translating these dynamic impacts into specific responses from a business perspective, whether they relate to better risk management, better products and services for particular markets. All of that gives tremendous opportunities to grab some of that value in motion and take competitive advantage.