Henry Schein Inc at Goldman Sachs Water Sustainability Forum Transcript

Sep 27, 2023 / 04:15PM GMT
Evan Andrew Tylenda - Goldman Sachs Group, Inc., Research Division - Associate

Thank you, everyone, for bearing with us. We'll have one more joining us in a few moments. But for those that do not know me, I'm Evan Tylenda, I lead a European GS Sustain Research team out of London. The circular economy remains a massive theme, I think, goes is quite underappreciated at the moment and it's a personal passion for me.

To kind of kick things up, we see 3 key drivers for the circular economy. Namely, one, we're seeing resource prices spiking. We're running into a critical material crisis that's putting a much greater emphasis on material efficiency and recovery by consumers and corporates.

Second, we're seeing a rising focus, as we've all learned on net-zero emission, biodiversity in the last panel. This is all going to require a circular economy to actually become a solution to solving for net-zero emissions and biodiversity. For example, a lot of resource consumption is a big driver of biodiversity loss. We want to start to think about limiting the amount of virgin material that we are

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