 to share Dell's work on the science-based targets and actually we were amongst the first companies to be out there in the world with the science-based targets in 2015 but actually we had the targets before then, we had them back in 2013 so this is what I'm going to share with you today very specifically focusing on that part of the piece of the picture. Good, so first of all definition of science-based targets, what are we talking about here? And it is targets adopted by companies so it's a company-focused framework to reduce carbon emissions enough to stay below the two degree Celsius increase of temperature so basically you can read the definition in short it is this is what you need to do as a company if you want to do your part in reaching the Paris Agreement and keep temperatures below the two degrees Celsius maximum and you know all know that we're not quite there yet in terms of the global scale. So science-based targets is one piece of what we do but target-based sustainability is how we do things in Dell. Back in 2013 we launched our 2020 legacy of good plan which had 21 goals very specific goals across social environmental and in that sense also business-focused but social and environmental goals across our supply chain our own operations but also our supply chain and also how we work in relation to our customers the energy efficiency of our products being one of these. So our science-based targets our climate targets amongst these 21 goals and actually we have an overall goal of creating 10 times net positive value for society so I don't know how many of you are familiar with the net positive value framework? Yeah this is a good crowd and not many people again know about the net positive value but this is basically to say also as Jeff is talking about less bad is not is not an option it has to be how can we as a company be regenerative how can we contribute to the positive future. So we're working with that as well and our goal is to create 10 times more positive impact for the world so a handprint that is 10 times more than the footprint of producing and using our technologies. So and this whole legacy good plan came out of a process in 2011 where we were looking at reassessing okay at that time Dell was working with sustainability goals as well but more in silos and not with an overall strategic framework so this became the legacy of good plan and really looking at the materiality assessment of what is important why do we have our negative impact what is important in relation to our business so that could be 500 goals but we had to I think 21 is still quite quite many. So the environmental goals we have 12 environmental goals and you see them up here so one is to reduce greenhouse gas emissions from our facility and logistics operations by 50 percent so that's our scope one goal in terms of climate and another one is to reduce the energy intensity of our product portfolio by 80 percent because our assessment showed that where we had the big impact was actually not from our direct emissions because we do not have we have a bit of production but most of the production is from suppliers so that's not within our direct scope. So our largest emission was in scope three in terms of the energy consumption of our products and by the way we're also working on the energy consumption with our suppliers to have them work with the energy production plants. So these were the goals and then I've just highlighted this one because I'm very proud to say that this year or just last year we have actually just reached our 2020 goal in terms of the amount of recycled material in our products so that's a hooray for that one down and on track to meet the others as well. So this is our timeline so we started out 2011 to reset Dell's strategy here on sustainability and developing the legacy of good goals which we announced in 2013 so this is when we actually came out with also with our carbon emission energy reduction goals and then of course we had the whole rope to Paris movement and the science-based targets really coming in and taking a position and offering a framework that really tells you as a company also so when is it when is it good enough and I think that is one of the challenges often when we look at sustainability goals often is relative in terms of percentuates better improvements from last year or whatever but these absolute sustainability goals when it is enough when are you actually you know at the benchmark when are you on the positive side. So we thought hey yeah that's a good idea to actually have that measured and let's see if our existing goals can be approved according to the science-based target framework or whether we need to adjust them. So we work with the science-based target group and actually the goals that we had in the methodology that we used to get there was approved that this is a science-based target so disclaimer we actually came in backwards we did not use the official science-based targets process but but our goals the outcome and I think that's what is most important is the actual science-based target goals here and now what's what's coming up in the future of course these goals are gonna be they count until 2020 I actually just came from from strategy sessions in the global team in Austin last week and we already starting to talk about of course so what's what's gonna be next after 2020 and and I can say that our next framework our next timeline is going to be 2030 so we are starting up now to see starting up that process and of course the sustainable development goals will also be a part of the whole 2030 exercise so that's a little bit of a pre-launch here so this is our targets and our progress so far and actually these numbers are by now a year old because financial year 2016 ended one year ago in February 16 so at that time we were 21.8 percent I don't have the actual new percentage we'll get that out in June so but almost halfway there and in terms of the energy intensity of our product products where our goal is to reduce by 80 percent so increasing energy efficiency we are also more than halfway there with 43 percent of energy reduction and this is really so one thing is the energy use of of product hardware like computers or like servers or monitors and what we also seeing as an IT company that that digitalization virtualization big data internet of things the whole digital transformation that we're living in right now is contributing to to an energy efficiency that's much higher than what you could actually do with the hardware so so that's a huge potential here in terms of the digital transformation also driving smarter cities smarter buildings matter production what have we so but we're not that that part is difficult to measure however because that's a lot of proxies when you get out that's almost scope scope for actually if there is a scope for I'm not sure so to round up I've promised to be a shorter time and then leave more time for questions and dialogue with you guys a few challenges and a lot of benefits so some of the challenges we have faced is well collecting and coordinating data and I say you have to mean it I mean don't don't rush into science-based targets unless you have the organization behind you unless you have the data sets and obviously if you don't have those data sets then then work to make sure you have them it is a substantial exercise but what we've seen is that it really we had we were working on it already obviously and it does give a lot of value to to have the actual data then in terms of product design and innovation so energy efficiency is one one goal for our engineers but of course it can never compromise the product performance so it's balancing that and say putting in that balance balance and in that way it's also become an innovation driver so that's also in the benefits but I love engineers because when you give them a challenge you know it's not it's never innovation out of the box out in the blue here's innovation into the box it is keep the high performance lower energy efficiency designed for recyclability use no harmful substances and use recycled materials as much as you can so this is the innovation space that we're giving our engineers and they love it it's great so and last but not least also balancing sensitive information with the transparent communication we have a goal of being we want to be very transparent and we are very transparent but of course sometimes there is business sensitive information that we don't want to put out there and one could be exactly how are we driving the energy efficiency of our products obviously we don't want our competitors to well on one hand we do like want them to to also work with that but but obviously this is some business sensitive information and a lot of benefits as well and we are showing our commitment as to sustainability as a company so not only having our own targets but also have them approved as science-based by an external and acknowledged organization or group of organizations we have been getting a lot of attention and recognition as a sustainability leader because we were amongst the first 12 companies to to have the science-based targets I know the number is now 216 who have signed 206 who companies worldwide who have signed up and I'm not quite sure as to to the number of companies who actually have the targets today and we are creating energy savings for our customers which is good for the planet good for the customers and also of course means that the customers will will go for for our products when there are the highest on energy efficiency most of the time this is actually one of the things I see when I'm speaking to our customers and say okay so lose if you look at the total cost of ownership here you can actually save money by choosing more energy efficient product and then quite often I hear oh yes but that's two different departments so I'm in procurement of IT but the energy cost is in the facility side the operations in my company says the company that we're selling to all the public organization and so that's that's an invitation to two companies and organizations to to really combine those two sets of data and financials financial streams yes we're driving innovation as I said this is also when you're Michael Dell talk about sustainability this is one of the things that he's also pushing to the engineers and and last but not least not only the science-based targets but our overall commitment to sustainability is also of course contributing to to to showing that Dell is is a good workplace and and that is needed also to attract the new generation of employees the millennials and I guess all of us in the room today we kind of supreme millennials right so that's all from me in those short but hopefully efficient ten minutes and thank you Louise we give you a warm hand stay on the stage