 So first of all, I'd like to kick off with a question about why your organization is pursuing a net zero goal. What are the benefits and why is this important? So thank you Ursula and pleasure to be with you today. So reality is that net zero is the only viable solution. So as an organization we strongly believe that this is important for us to lead the tradition of a future that we collectively need and want. So for us it's key to lead by example and to drive in a consistent way our internal and external efforts in line with our company purpose and with our values. This is the reason why at COP 21 in Paris we took the formal commitment to become carbon neutral by 2020. And last September we celebrated that achievement and we always keep in mind that there is no way for a company to be successful in a society that fails. This is our job responsibility to invest in our common interest and this is why we believe that it is urgent to work together to create a zero carbon goal. Thank you. Steve what is your perspective on this? Well I fully agree with everything that Tissier has just said. Climate change is a pressing issue globally, one that needs to be tackled with utmost urgency. There's no option for us in any organization across the country but to pursue a path to net zero and to do it at real pace for this generation but future generations to come. And that's as a business owner, local authority, agency, manufacturer such as ourselves, agriculturalist, utility provider and service provider it is imperative that we think where to get started and contribute to a greener tomorrow. Thank you and I mean perhaps you could also tell us more about the positive actions that your company is taking already that is driving the change to make net zero a reality. Yeah, yeah because while climate change is a global threat and of course with this reactive impact we should not forget that the climate action is also a unique opportunity for innovation and for a more inclusive renewal of society. And it's also good business, it's the business and the jobs of the future. So the speed of climate action needs to be accelerated for the climate, for people, for the business. There are a lot of resources, efficient solutions like energy efficiency, clean energy, mobility that are more economical for households, for business, for cities, for countries and at the same time also improving and preserving the quality of our living environment and the personal health of people. Yeah I think this is an important point but I mean perhaps Steve you'd like to add some of the other actions as well that signifies is carrying out also in the UK and broadly. Absolutely thank you Ursula. Yeah to add to what Laticius just said sustainability really is in the DNA of the organisation and we're proud to walk the talk. So at the end of 2020 we've already become a carbon neutral company and we've also achieved 100% renewable electricity and celebrated our ambitious milestones on sustainable revenues, safety, supplier sustainability and zero waste to landfill. So that's something that is very widely celebrated within the employees and our customer base. We've also generated 84% of our revenues of energy efficient products, systems and services which is ahead of our target of 80%. And in the UK the same as what we are globally with fast approaching plastic free packaging on our consumer products which will be by the end of this year 2021. So we've heard a bit about the benefits and the opportunities. What has been the really most difficult or significant that your organisation has faced when it comes to achieving net zero? How have you been able to overcome this? One important barrier to progress and to make things happen has to do with the psychology of changes. We basically are all not welcoming changes and it's often much more easy for people to immediately see what they think that we lose and it's much more difficult to see what they gain in the future. So we have experienced for example when we call it for the global phase out of incandescent light bulbs back in 2006 that technology was at the time representing the tutors of our business, but it was also highly inefficient, turning basically only 1% of the energy into light. Then at the time we had quite some consumer concerns and we had a lot of people that were fighting to keep that technology because it was nice. It was appreciated. And now when we look back, everybody acknowledged that the transition was a greater and bringing a lot of advantages. Thank you, Maria. What Steve, what have you what have you faced when you've been aiming to drive forward this change in the UK segment? Well, I think as a company, we're cautiously optimistic. However, we're optimistic as the industry itself, the lighting is moving in the right direction. We also recognise across sectors, companies are waking up to the role they need to play to ensure the UK is on track for its net zero ambitions. But we're also concerned to realise it's just not moving fast enough. So we feel the pace and the action and activity that's needed is well, according to me, the real hurdle is to accelerate. Perhaps some more questions about what the company has learned on the way. Maria, what do you know now that you wish you'd known before you started strategising and planning for a net zero future? Yeah. So when I look back, I don't think there were any big white spots that we overlooked yet. What we know now is that we are in front of us at the size of decade of climate action and that speed is of the essence. So the action that we take now and until 2030 will define the future of this planet. That's looking back. We wish we would have done even more in the past than what we actually did. And of course, we cannot change the past, but the future is in our hands, which is why we strongly encourage all public and private sector leaders to define and adopt the programmes to double the efforts, double our efforts on energy efficiency, infrastructure, innovation, renewable, just go full speed by doubling our efforts, because it's now or never. I mean, but what do you what do you think the main learning has been that you would share with the company at the beginning of the net zero journey? Maria, what we what work for us is that in the early days of our climate programme, we realised that we could make a significant contribution to carbon emission reduction by phasing out our own core business and leading the transition to LED lighting. And that and that we did by being the number one in what we now call conventional lighting. We choose our decision was to ship and to lead the transition in the light sector, even by cannibalising our own business. Now, today, our sales consist of 83 percent of LED lighting. And we are the number one in this technology. So the main learning I would like to share with other companies is to envision what business you could be in the future and then lead your company and the sector transition. Because if you don't change your business, one day you will be out of business. Yes, indeed. And how about you, Steve? What have you seen as a key learning along the way? I think just to expand on that, we recognise that an early stage, the need for the industry to transform and innovate, to set an example on how the lighting industry can help the UK with its green recovery and decided to take a lead role. An example, the use of halogen bulbs and fluorescent bulbs can cause around 1.26 million tonnes of carbon emitted every year. The equivalent carbon produced by over half a million cars on UK roads. So very substantial. Additionally, moving to LED replacement light bulbs can save consumers an average of 75 pounds in energy bills for every household across the UK. So our data shows a complete switch to LED lighting across the UK. Over five years would help reduce the UK's carbon footprint to the equivalent of one of our coal power stations. So it really is a massive amount, which is nearly, well, the equivalent to 636,000 cars or almost half a million households in itself. So what we're talking about here is massive change and big impact. Maria, perhaps you could tell us a bit more about how you are engaging with your supply chain and cross sector more broadly to drive next zero transition across the economy and help with the systemic change that is needed. So the fact is that the race to the future is a team sport, either we all win or we all lose. And this is why we extensive, create extensive partnership and programs in several areas, because this is something that you cannot do alone. And we work closely with our supply chain. We also audit all our suppliers. And this is helping us not only with the required progress is on SDGs, but also help us to create further learnings, sharing value and experiences. It is very important also the leadership role that we decided to do at the beginning, as I was explaining of the century in our sector by facing out our all the inefficient technology in support of the Kyoto agreement at the time and now to support the goals of the Paris agreement. And the third element is that we have various partnerships across the sectors with other progressive companies like with you, the corporate leadership group. At the moment, of course, COP26 is a really key moment in the international climate policy. Could you tell us a bit more about the outcomes you are looking for from the COP? In one word, there is actions. It's time that all countries and companies adapt to a carbon neutral target and we see progress. So we see some movement happening, but the piece at which this level of ambition is converted into measurable action. This remains a concern for us. So we would like to see commitment back with the plans with tangible and very measurable and clear actions. We would like to see all public and private sector leaders to spend less time on agreeing what to do and much more time on doing what was agreed. We need to move away from the rhetoric and work the talk. We have experience so we can drive things together. It's about the decision, it's about deciding to act. OK, Steve, so from your side, what would you be looking for from COP as well? Well, I'd agree. We need action. Then there's been a lot of talk, pledges and commitments. As a business, we want to double the pace of action towards a greener future. We're glad that COP26 has a full day dedicated to addressing environmental impact of cities and the built environment, an issue that urgently needs addressing. The role that buildings have to play in climate change rarely gets the same attention or coverage as issues such as energy production or transport, but they are very significant parts of the problem. The UN estimates that in 2019, emissions from all buildings hit an all-time high, accounting for a third of all energy-related greenhouse gases. So it is a massive contributor. In Europe, buildings account for 40% of energy consumption among third of greenhouse gas emissions, so very significant too. According to base, upgrading from conventional lighting to LED technology can deliver significant cost savings of up to 80% for a business. Maria, as you know, at the moment, the EU has proposed a major package of legislation called the Fit for 55 package. Could you tell us a bit about what your view is on that and what you're looking for from this important piece of legislation? I really would like to applaud the European Commission for this comprehensive package. It's really a set of enablement and tools for the Green Deal and to create a real path to the 2030 goal. So as a company, to our partnership, we are closely involved in the creation of this package, and we sincerely believe and hope that this is what we need, but we hope that it will be still strong at the end of the political approval process. The worst things that can happen is that these become diluted during the deal process. So if it stays strong as it is, this is a very strong opportunity for all of us. Steve, from a UK policy perspective, what is your view of the net zero strategy? What are you looking for when this comes to the implementation of the strategy? Sure. Well, the UK government has recently announced the heat and building strategy and also pushed towards a greater adoption of electric vehicles. So decarbonising the UK's built environment is a significant challenge and also comes with major opportunities. Accelerating the adoption of energy-efficient solutions, products will lead to job creation. So the government needs to encourage energy-efficient retrofits in the built environment and better plan new infrastructure development with a focus on technologies that can expedite the carbon reduction in emissions. For government and their agencies to have lighting as a name technology, in terms of the green recovery and available funding, would help promote the wider benefits of replacing UK lighting stock and also open up the opportunity, as I mentioned, of creating more jobs. I think the reality is we're in a light bulb moment of thinking that that light bulb should be a connected LED one.