 I'm presenting the work that Nature Conservancy has been conducting in San Felix since 2008, 2009, in a region called San Felix do Xingu. This is a map of the Brazilian Amazon. San Felix is highlighted in yellow. It's a quite big location, roughly the same size of Portugal, and it's located right in the border of the so-called arc of deforestation, which we have kindly renamed arc of grain development. And why San Felix? It has huge scale and roughly 8.4 million actors. It has diversified stakeholders, so conservation units, small holders, medium and large holders, indigenous groups, and very high deforestation rates historically over 1.7% here. And at the same time has still very large forest remains. And the main drivers of deforestation and degradation is mainly cattle. San Felix do Xingu is the municipality that has the biggest herd in Brazil over 2.2 million heads. But also beyond cattle ranching, we also have illegal appropriation of public lands, illegal logging, and inadequate governance. So put that together, we'll have those huge deforestations index that I just mentioned. And as a result, in 2008, this municipality was included in a priority list of municipalities in Brazil. I'm not sure if everyone is aware of this, but it's known as the blacklist. It's issued by the Brazilian environmental ministers. And once a municipality is included on that list, it faces some sanctions from the economic point of view for producing and for selling the products, besides being very bad press media, which is something that brings people to think about their current situation. The Conservancy was invited for the region in 2009 after the municipality was included in the blacklist. And to be honest, we were not very well received. For those of you who read Portuguese, it's written in that sign, we are workers. We need to be respected. So that was the day we actually arrived in San Felix. There were literally hundreds of workers, rural workers, speaking up against the visitors that were NGOs, environmental NGOs. There were federal and state agencies that were visiting to dialogue regarding how to get the municipality removed from the blacklist. So it was clearly a social clash that was happening in that location. And a first fundamental step was the development of a pact, a pact to end illegal deforestation in San Felix that was forged with many local and state and federal institutions, including producers' associations, meat producers, NGOs, municipal and state governments. And it was a pact that established goals and methods to get the municipality out of the list, which included, of course, reducing deforestation drastically. And it was also formed a commission of the pact composed of 22 institutions that monitors the progress and make suggestions for decision-making regarding how to drive the development of the municipality. This table provides a summary of the strategies that were agreed among the stakeholders. You will notice that the total area, it's 11 million actors that's different from the 8.4, and there's a reason for that. If you're curious to hear about it, you ask me later because we have a shortening time. But we have mainly settlements. We have conservation units, indigenous lands, and private lands, small, medium, and large. And for each one of these land tenure types, a number of strategies were developed and are being employed. A fundamental step after setting the coalition was to develop and implement what it's known in Brazil as Cadastro Ambiental Rural, or Rural Environmental Registry. It's a simple concept. It's like an ID of a property. So I have my ID, my passport, it has my number, my picture, where I live, where I was born, and so on. So the same concept applies to a property and has the geographical boundaries of that property, as well as an assessment of the environmental conditions of that property against the current Brazilian legal framework or the forest code. And why is this so important? Because it allows the deforestation attribution. So it's no news that Brazil has a good monitoring for deforestation in place. That is almost real time. So there's the deter, there's the produce. So we've known for many years where deforestation is happening and how big it is. But we could not, as a country, identify who was responsible for that deforestation. So by linking the data from produce, the deforestation data with the data from the land registry, we're now able to make an overlap and identify the responsibles and provide attribution to whomever is compliant or not with the legal environmental legislation. And this graph indicates the evolution of car in the municipality. The lighter line indicates the area, which has been put inside the public system, the monitoring system of the land registry. And the darker line indicates the number of properties. So we have roughly 3.8 million actors in the system and over 7,000 properties included in the system in that single municipality. This was a response, if you will, of the deforestation over the years. So it had over 79, roughly 80% of reduction from the average of years before. However, the command and control is not enough. It has short life. The usual cycle of opening a forest in Amazon, especially when you're dealing with the cattle ranching, is that you open the forest, you put grass, use it for five, seven years. Without any sort of management, the soil gets degraded. The pasture doesn't grow anymore. The producer moves to a new area in order to maintain his livelihoods. And to address that, we put together a project, our initiative that is a bunch of projects together called Sustainable Beef from Farm to Fork and includes big players of the issue, such as Marfrig, which is a second largest beef industry in Brazil, one of the biggest also in the world, and also Walmart. So we're dealing with different aspects of the production chain to enhance the way cattle ranching is done and also to improve the policies of the companies that buy the production in order to remove the illegal cattle or cattle related to deforestation. And that's mostly for medium and large producers or landholders, because they're the one who grow the cattle fat. We're also dealing with the small holders, mainly with cocoa, also working throughout the production chain. In this case, we're working with a local cooperative with the Cargill, which is a very big buyer of cocoa seeds and state agencies that provide technical support for local producers and idea is to use cocoa as a crop to restore the graded lands. In addition to be an alternative for a ranching is also being used to restore the graded lands. And also small holders take part in the cattle chain production by producing the cows. So the small holders produce the cows and pass along to the medium and larger. So we're working with different stakeholders which in the same supply chain as well. And we have a jurisdiction approach. So we're looking not only the private lands and there are many indigenous lands in that location. And we're working mainly with two of those lands, Trincheira Bacajá and Apiterewa and basically following what the recent Brazil national policy for indigenous lands management mandates which is to develop management plan for indigenous lands to support sustainable development, conservation, patrol and so on. And so we implemented that and also development agreements between the indigenous groups and the farmers and ranchers which are surrounding them. Historical conflicts are high in that region but we've been able to provide some good examples of good neighborhoods among farmers, ranchers and indigenous folks as well as big companies that are locally operating, mainly miners, huge mining companies. We are providing a guide of good business practice for companies whenever their business relate to indigenous folks. And one, it's a conceptual work but one of the locations where the concept is being applied initially it's in that location related to the mining sector and ranching as well. Some of the major challenges. So we need to consolidate the multistakeholder approach mainly regarding indigenous participation. There's a commission that includes the diversity of stakeholders locally. Indigenous participation is still weak so in order for us to have a real territorial approach we need to reinforce and make sure there's a proper indigenous preparation and officialize if you will some forms of governance that includes the diversity of stakeholders locally. Also what we call social deforestation is the deforestation that comes after family agriculture for subsistence mainly. Last year it accounted for roughly 50% of the overall deforestation in some Felix and it's characterized by small plots of deforestations less than 10 hectares. And that the overall social deforestation contribution to some Felix has remained somehow stable over the past decade. So we have an overall decrease of deforestation but the parcel, the contribution of social deforestation has somehow remained stable. And so that's a huge challenge and many, many more producers than the large ones and a number of strategists to deal with that. The command and control or the land registry system it's a great thing but it's not done, it's not finished yet. So there's still a lot of capacity need to be installed to monitor and monitor progress and local capacities, regulations, so it's not done. So it's again a big challenge. The strategy of improving ranching and cocoa as conservation strategies for some people is sort of natural approach but some orders, especially some government agencies but also donor agencies is sort of a new so we need to ensure we have efficiency demonstrated in order to advance that agenda further. Land titling again, aligning with the results of the study. It's a big bottleneck because in order for producers to make the transition from the current production system of cattle to the new one more sustainable there must be capital available for them. Capital comes from the credit lines. Credit lines demand lengthen your titles. Those producers don't have the titling. It's a big problem in the Amazon as a whole and that's in region as well. So without the title it's hard to access the credit. So we need to solve the credit and the land issues together. Once we have solved that we need to have capacity to implement technical systems for improved techniques at scale. This is not available yet. And finally solve environmental, I miss an over there, solve environmental liabilities at scale either by restoration or compensation. That's it what I have for today. Thank you so much.