 Can you tell us why is Axiona pursuing a net-zero goal? What are the benefits and why is this important to you? Within this year, after the pandemic, the approach to climate change has really changed. We are a real emergency and infrastructure company. Things that most of the impact on the climate change were related to how the infrastructure is designed. It's the watermark of the society and the prosperity. And we want to be part of the solution. We want to be part of these designers who will make possible this transition. And the benefit is the position is give us a purpose, give us a drive for innovation, give us the opportunity also to lead the market because the market will transform, will transform by the climate change. Can you tell us a bit more about what positive action your company is already doing to drive this change? Every company I think that we follow the same pathway. First, we try to take responsibility about the problem. We try to measure to have a better metrics to make better decisions. Then we know how the climate is changing the context, the market and try to avoid risk and embrace opportunities. This second wave is about net zero commitment. It's about how we transform our strategy into these new circumstances. But I think that we are seeing that the third wave, a wave that we want to be beyond the net zero, beyond how the business is not making alone part of the solution. Try to be net positive, try to regenerate, regenerate how part of the moham that we as a society was provoked during the last decade. I think that most of the companies are in the most advanced way in many sectors. In this key moment, we are thinking about how we can contribute positively to solve the problem. What has been the most significant hurdle when it comes for you in terms of achieving net zero or indeed the more regenerative approach that you're talking about? How have you been able to overcome this? The approach of the carbonisation and net zero needs a long time to be reviewed. Sometimes not all the actors around the context have the same timeframe. We think that we see sometimes some pushback from the regulations that are not fully convinced that this is the way that we need to follow. And these uncertainties are bad for investors and for business. This is the first uncertainty around the real commitment about net zero. And the second is about how the solution, the technological solutions, can solve the problem. We have not in the electrification part, not in the energy part, we are talking about many of our supply chains are not prepared to provide services in this environment of the net zero. We need more zero concrete, still transportation. And also this availability to provide real net zero solutions. If we move to maybe some of the learnings that Axiona has had in your journey, what are some of the things you wish you had known before you started pursuing a zero emissions policy? The mindset, which is change of mindset. You need to understand that the first shock when you are talking about net zero is when you say, okay, guys, you need to double your revenues and half your emissions. Say what? And this is the first that you are in the right way when you are capable to make this question and the people on your teams understand that this is the real challenge is to double the revenues with the half of emissions and they are capable to do it you are in the right way. And you have a very huge toolbox to do it. We can recommend that the price of carbon to introduce CO2 emissions targets into the valuable remuneration to have the carbonization fund to train people to make it happen. There are a lot of toolbox and every single company should choose which one would be more feasible or suitable for their culture and moment of knowledge. So what would you tell a company that is just beginning their journey? What would be the main kind of learning that you would have for them? First of all, you need to be conscious that business is part of the solution but we cannot make it alone. We need to count with the context of our businesses with our clients, with our suppliers with people who are working in our organization and taking into account that this is not a one-man show transformation this is the beginning. The second part is trying to identify not only how you are impacting to the mitigation of the climate change the emissions, also you need to take into account that adaptation will be equally important and these two things mitigation and adaptation are equally important in the strategy of a company. Trying to understand what are the metrics in the first part of your approach to the climate change are very important and a huge step ahead. Then you need to understand that not only a risk behind the climate change are a lot of opportunities because at this stage we are seeing how the transformation can affect our business but in a couple of years in five or six years we will see how this transformation is also giving opportunity to innovate and to promote and changes in the market that can be very beneficial for our strategy and to think in this long term to give you a new view. Can you tell us a bit more about how Axiona engages with their supply chain and in the value chain to deliver on net zero? This is a very important and a very important topic. If you have a look to our footprint you can see that the most of the infrastructure companies are very related to concrete, steel and logistics more than the operational CO2 that you are emitting and if you are looking for improvements in the supply chain you need to first of all to know better your suppliers to partner with them and also to co-create solutions for a concrete problem. Our recommendation is don't try to eat all the elephant at the same time try to identify what are the main things that you can collaborate. With this small step ahead you are giving confidence also to the teams, to sustainability teams in your supplier in order to introduce new improvements that give you the opportunity to contribute to your carbon footprint. But the secret of this collaboration is fast and long-term. You need to be committed together that you are in the same boat in order to transform your business in order to make it zero carbon in the near future. What are your reflections on the most important outcomes of COP26? I was attending probably more than a half of the COPs during the last 20 years and believe me every single COP was a failure because the speculations at the beginning were very high but I think that we will remember this COP as a success. Why? I think I am so optimistic about this. We finally decided to go to a very demanding target that is 1.5 degrees and this is very relevant to have the consensus that the 1.5 degrees is the threshold that we need to have. The second is because the article 6 and the articulation of the market will provide us a more secure framework in order to finance the transformation. Probably we are only seeing the papers and behind these papers are a lot of good ideas, a lot of instruments that we can implement in order to introduce a carbon pricing or a global market of carbon. And the third that is also important is about the adaptation piece of work. Adaptation was a missing part during the last COP and now to make it happen to make it present into the text give the opportunity to focus on the most close problem that we have that is the climate is changing but it will not change in 10 years or 20 years, it is changing today and there are a lot of communities affected by the climate adaptation. And these three things that could be useful to have in mind in the future and we will remember COP26 as a landmark in this transformation. Probably I am frustrated like most of you about the results, we will need to go further but step by step we are gaining momentum and I think that this momentum is more stronger than in the past and this is a good idea. One of the key points that the European Union needs to now deliver is their Fit for 55 package of legislation that is really one of the critical elements towards delivering on emissions reductions in the EU and the overall contribution to the Paris agreement. Can you tell us a bit about your priorities for this package, what are your views on what the EU is doing at the moment? 555 is a extraordinary step ahead in terms of climate policies to reflect the real momentum that we are living. But to take into account that this is a decision for the EU to become a real climate solvers in this environment and this is very relevant because Europe has decided to become a champion in climate and it is an opportunity to industrialize our sectors with this climate positive of net zero solutions for 555 is provoking through the I think that it is the great instrument it's a great instrument with incredible funding behind that it is the next generation. If we combine the real purpose of the regulation across the energy sector about how we are implementing the power of the tax and how we are implementing other instruments across the Europe in terms of financing this green transformation with the capabilities or the power of this huge amount of money that the next generation is fueling this change I think that this is a great opportunity for Europe and also for the world to become a real climate solver in this month.