WEBVTT 00:01.418 --> 00:04.546 In 2019 Amazon announced The Climate Pledge, 00:04.546 --> 00:08.174 which is a commitment by Amazon to be net zero carbon by 2040. 00:08.383 --> 00:11.720 In order to get to that goal, the technologies that are needed 00:11.720 --> 00:15.682 have not yet been invented, commercialized or scaled to support 00:15.682 --> 00:17.392 a company of Amazon's size. 00:17.392 --> 00:20.812 So we created the mechanism to find new ideas 00:20.812 --> 00:22.147 and bring them to Amazon, 00:22.147 --> 00:24.190 so we could help them scale and grow faster, 00:24.190 --> 00:27.068 and we could make it easier for our business units 00:27.068 --> 00:29.112 to experiment and adopt. 00:29.112 --> 00:30.321 These last five years have been amazing. 00:31.281 --> 00:35.285 We have invested in over 35 companies and across eight different sectors. 00:35.535 --> 00:39.289 each of which is extremely important to Amazon from a decarbonization perspective. 00:39.372 --> 00:41.666 We also look to bring all the best relationships 00:41.666 --> 00:45.211 we have to offer as an investor, as a supply chain partner, 00:45.420 --> 00:48.339 or as an advocate publicly for these companies 00:48.339 --> 00:52.510 to get the attention, capital and expertise they need to thrive. 00:53.094 --> 00:54.054 Working with the client 00:54.054 --> 00:55.930 Pledge Fund has been a fantastic experience 00:55.930 --> 00:58.683 not just from an investment advisory perspective, 00:58.683 --> 01:01.519 but also for the introductions and the openness they've been 01:01.519 --> 01:04.564 to creating the connections inside the broader Amazon organization. 01:04.773 --> 01:08.860 Working with the Climate Pledge Fund has both been accelerating and affirming. 01:08.943 --> 01:12.822 We went from announcing an investment, and in less than six months 01:12.822 --> 01:14.449 to commercial deployment. 01:14.449 --> 01:18.411 This kind of speed and scale is unprecedented in climate tech 01:18.536 --> 01:21.498 and a unique opportunity where you have an investor 01:21.498 --> 01:23.917 that's a true partner and an early customer. 01:24.167 --> 01:27.337 We’re incredibly privileged to be working with a company like Amazon 01:27.337 --> 01:30.965 that is putting it’s words into action 01:30.965 --> 01:35.845 and actually helping us pilot our technology at record pace. 01:35.970 --> 01:39.140 There is nothing more compelling than a partner 01:39.390 --> 01:42.936 that needs the solution that you're capable of providing. 01:43.103 --> 01:47.649 Amazon spent a lot of time with our team at the technical level, 01:47.649 --> 01:48.858 at the business level. 01:48.858 --> 01:50.401 Amazon has helped us 01:50.401 --> 01:54.948 on so many different levels, from Amazon Transportation Services 01:55.115 --> 01:59.119 and coordinating on logistics to deliver these low carbon fuels 01:59.452 --> 02:04.582 to other areas that we're working on that are emerging in our research and development platform. 02:04.791 --> 02:08.461 Our partnership with Amazon is really a testament to not only the potential 02:08.461 --> 02:12.173 for glacier's technology to help revolutionize the circular economy, 02:12.382 --> 02:16.136 but also Amazon's commitment to acting as a responsible steward 02:16.136 --> 02:19.430 for its entire supply chain and the health of our overall society. 02:19.848 --> 02:23.309 There are a lot of other companies out there that we're excited to invest in, 02:23.601 --> 02:24.269 each of which 02:24.269 --> 02:28.648 could have an amazing impact on Amazon and in our own decarbonization efforts. 02:28.773 --> 02:32.193 We're going to continue to focus on the core operational needs of Amazon. 02:32.193 --> 02:35.321 We drive trucks, we fly airplanes, consume water, 02:35.405 --> 02:38.950 use electricity, build structures with cement, steel and concrete. 02:39.159 --> 02:41.286 And there are sustainable solutions for all of them. 02:41.286 --> 02:45.248 But what's extraordinary is that Amazon is kind of like a microcosm 02:45.248 --> 02:48.251 of the global economy, and the solutions that work for us 02:48.418 --> 02:49.878 will work for everyone else. 03:22.660 --> 03:25.371 we really got to know each other and developed 03:25.371 --> 03:28.499 a kinship and a spirit of partnership from a cultural standpoint, 03:28.791 --> 03:31.794 which is hugely important. 03:41.721 --> 03:44.724 and also to bring Amazon to these companies 03:49.687 --> 03:51.898 people are going to look back at this decision, 03:51.898 --> 03:55.276 and they're going to see, a visionary company and Amazon 03:56.653 --> 03:59.072 coming together with an amazing next 03:59.072 --> 04:02.659 generation technology that had the dramatic ability to scale 04:04.077 --> 04:07.455 and open the doors to meeting the energy need 04:08.122 --> 04:10.750 that is required to create 04:10.750 --> 04:13.711 the amazing economies of the future. 04:34.107 --> 04:36.985 We try and pair our companies with some of the best and brightest 04:36.985 --> 04:40.321 inside Amazon to figure out how to build their startups 04:40.321 --> 04:42.740 and avoid some of the pitfalls of what Amazon learned 04:42.740 --> 04:44.617 when we grew to be the big company that we are. 06:51.786 --> 06:52.703 Glacier's ultimate 06:52.703 --> 06:55.832 goal is to be a partner to the entire circular economy 06:55.915 --> 06:59.710 Our ability to partner effectively with a major company like Amazon 06:59.710 --> 07:03.881 is really a testament to not only glacier's own technological capabilities, 07:04.132 --> 07:07.385 but the fact that Amazon is taking stewardship over its 07:07.385 --> 07:11.347 entire supply chain and really seeks to build a future for our society.