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Eliminating Tobacco Companies From Investment Portfolios | Bronwyn King | TEDxSydney


in 2001 I was a brand-new shiny doctor

in 2001 I was a brand-new shiny doctor planning to save the world my first job

planning to save the world my first job

planning to save the world my first job was working for three months on a lung

was working for three months on a lung

was working for three months on a lung cancer unit nearly all of my patients

cancer unit nearly all of my patients

cancer unit nearly all of my patients were smokers or ex smokers and most of

were smokers or ex smokers and most of

were smokers or ex smokers and most of them had started smoking when they were

them had started smoking when they were

them had started smoking when they were children or in their early teens and

children or in their early teens and

children or in their early teens and despite living in a beautiful wealthy

despite living in a beautiful wealthy

despite living in a beautiful wealthy country with access to the most

country with access to the most

country with access to the most sophisticated medicines nearly every

sophisticated medicines nearly every

sophisticated medicines nearly every single one of my patients died everyone

single one of my patients died everyone

single one of my patients died everyone knows tobacco is bad but when you see

knows tobacco is bad but when you see

knows tobacco is bad but when you see the impact firsthand day by day it

the impact firsthand day by day it

the impact firsthand day by day it leaves a very deep impression ten years

leaves a very deep impression ten years

leaves a very deep impression ten years later I’m a radiation oncologist fully

later I’m a radiation oncologist fully

later I’m a radiation oncologist fully aware of the suffering caused by tobacco

aware of the suffering caused by tobacco

aware of the suffering caused by tobacco I’m sitting at the hospital cafeteria

I’m sitting at the hospital cafeteria

I’m sitting at the hospital cafeteria having my first-ever meeting with a

having my first-ever meeting with a

having my first-ever meeting with a representative from my superannuation

representative from my superannuation

representative from my superannuation fund it was thrilling I’m sure you can

fund it was thrilling I’m sure you can

fund it was thrilling I’m sure you can imagine he tells me I’m in the default

imagine he tells me I’m in the default

imagine he tells me I’m in the default option and I said our option does that

option and I said our option does that

option and I said our option does that mean there are other options he looked

mean there are other options he looked

mean there are other options he looked at me rolled his eyes and said well

at me rolled his eyes and said well

at me rolled his eyes and said well there is this one green e option for

there is this one green e option for

there is this one green e option for people who have a problem with investing

people who have a problem with investing

people who have a problem with investing in mining alcohol or tobacco I said did

in mining alcohol or tobacco I said did

in mining alcohol or tobacco I said did you decide about he said yes I said so

you decide about he said yes I said so

you decide about he said yes I said so are you telling me I’m currently

are you telling me I’m currently

are you telling me I’m currently investing in tobacco and he said oh yes

investing in tobacco and he said oh yes

investing in tobacco and he said oh yes everyone is when you invest in a company

everyone is when you invest in a company

everyone is when you invest in a company you own part of that company you want

you own part of that company you want

you own part of that company you want that company to grow and succeed and

that company to grow and succeed and

that company to grow and succeed and thrive you want that company to attract

thrive you want that company to attract

thrive you want that company to attract new customers you want that company to

new customers you want that company to

new customers you want that company to sell more of its products and when it

sell more of its products and when it

sell more of its products and when it comes to tobacco I couldn’t think of

comes to tobacco I couldn’t think of

comes to tobacco I couldn’t think of anything that I wanted less now I know

anything that I wanted less now I know

anything that I wanted less now I know you can only see one person standing

you can only see one person standing

you can only see one person standing here on this big red dot of this

here on this big red dot of this

here on this big red dot of this enormous stage but instead I would like

enormous stage but instead I would like

enormous stage but instead I would like you to imagine that you’re looking at

you to imagine that you’re looking at

you to imagine that you’re looking at seven million people crammed up here

seven million people crammed up here

seven million people crammed up here beside me today seven million people

beside me today seven million people

beside me today seven million people across the world have died as a result

across the world have died as a result

across the world have died as a result of tobacco in the past year alone just

of tobacco in the past year alone just

of tobacco in the past year alone just imagine if a brand new industry were

imagine if a brand new industry were

imagine if a brand new industry were launched today and by the end of next

launched today and by the end of next

launched today and by the end of next June that industry’s products had killed

June that industry’s products had killed

June that industry’s products had killed seven million people would any of us

seven million people would any of us

seven million people would any of us invest in that new deadly industry

invest in that new deadly industry

invest in that new deadly industry tobacco is one of the most pressing

tobacco is one of the most pressing

tobacco is one of the most pressing global issues of our time and most of us

global issues of our time and most of us

global issues of our time and most of us are far more complicit in the problem

are far more complicit in the problem

are far more complicit in the problem than we may realize so the Superfund

than we may realize so the Superfund

than we may realize so the Superfund representative explained to me that

representative explained to me that

representative explained to me that tobacco companies would be found in the

tobacco companies would be found in the

tobacco companies would be found in the International shares portion of my

International shares portion of my

International shares portion of my portfolio so I asked him well which

portfolio so I asked him well which

portfolio so I asked him well which international shares do I have he got

international shares do I have he got

international shares do I have he got back to me two weeks later with this

back to me two weeks later with this

back to me two weeks later with this list

list

list my number one holding in international

my number one holding in international

my number one holding in international shares was British American Tobacco

shares was British American Tobacco

shares was British American Tobacco number two Imperial Tobacco number four

number two Imperial Tobacco number four

number two Imperial Tobacco number four Philip Morris and number five the

Philip Morris and number five the

Philip Morris and number five the Swedish Match company four of the top

Swedish Match company four of the top

Swedish Match company four of the top five companies were tobacco companies my

five companies were tobacco companies my

five companies were tobacco companies my investments and oncologist and then I

investments and oncologist and then I

investments and oncologist and then I realized it wasn’t just me

realized it wasn’t just me

realized it wasn’t just me it was all members of my super fund and

it was all members of my super fund and

it was all members of my super fund and then I realized it wasn’t just my super

then I realized it wasn’t just my super

then I realized it wasn’t just my super fund it was all of them and then I

fund it was all of them and then I

fund it was all of them and then I realized it wasn’t just superannuation

realized it wasn’t just superannuation

realized it wasn’t just superannuation funds

funds

funds it was banks insurers and fund managers

it was banks insurers and fund managers

it was banks insurers and fund managers and then I realized it wasn’t just

and then I realized it wasn’t just

and then I realized it wasn’t just Australia it was the entire global

Australia it was the entire global

Australia it was the entire global finance sector completely tangled up

finance sector completely tangled up

finance sector completely tangled up with the tobacco industry

with the tobacco industry

with the tobacco industry the industry that makes products that

the industry that makes products that

the industry that makes products that kill seven million people every year

kill seven million people every year

kill seven million people every year so I started discussing the issue with

so I started discussing the issue with

so I started discussing the issue with my superannuation fund and I’ve been

my superannuation fund and I’ve been

my superannuation fund and I’ve been discussing it ever since finance leaders

discussing it ever since finance leaders

discussing it ever since finance leaders have many challenging issues to deal

have many challenging issues to deal

have many challenging issues to deal with these days so I suggest they adopt

with these days so I suggest they adopt

with these days so I suggest they adopt a framework that clearly articulates why

a framework that clearly articulates why

a framework that clearly articulates why it is reasonable to take a strong

it is reasonable to take a strong

it is reasonable to take a strong position on tobacco

position on tobacco

position on tobacco I suggest finance leaders ask a suite of

I suggest finance leaders ask a suite of

I suggest finance leaders ask a suite of three questions of any company in which

three questions of any company in which

three questions of any company in which they might invest our money question one

they might invest our money question one

they might invest our money question one can the product made by the company be

can the product made by the company be

can the product made by the company be used safely no is the answer for tobacco

used safely no is the answer for tobacco

used safely no is the answer for tobacco companies zero is the only safe number

companies zero is the only safe number

companies zero is the only safe number of cigarettes for a human being it could

of cigarettes for a human being it could

of cigarettes for a human being it could not be more black and what question – is

not be more black and what question – is

not be more black and what question – is the problem caused by the company so

the problem caused by the company so

the problem caused by the company so significant on a global level that it is

significant on a global level that it is

significant on a global level that it is subject to a UN treaty or convention yes

subject to a UN treaty or convention yes

subject to a UN treaty or convention yes is the answer for tobacco indeed there

is the answer for tobacco indeed there

is the answer for tobacco indeed there is a UN tobacco treaty that has been

is a UN tobacco treaty that has been

is a UN tobacco treaty that has been ratified by 180 countries the treaty was

ratified by 180 countries the treaty was

ratified by 180 countries the treaty was created because of the catastrophic

created because of the catastrophic

created because of the catastrophic global impact of tobacco the current

global impact of tobacco the current

global impact of tobacco the current forecast is that the world is on track

forecast is that the world is on track

forecast is that the world is on track for 1 billion tobacco related deaths

for 1 billion tobacco related deaths

for 1 billion tobacco related deaths this century 1 billion death there’s

this century 1 billion death there’s

this century 1 billion death there’s only 7 billion of us question 3 relates

only 7 billion of us question 3 relates

only 7 billion of us question 3 relates to the concept of engagement many

to the concept of engagement many

to the concept of engagement many financial organizations genuinely want

financial organizations genuinely want

financial organizations genuinely want to be good corporate citizens they want

to be good corporate citizens they want

to be good corporate citizens they want to use their shareholder power to sit

to use their shareholder power to sit

to use their shareholder power to sit down with companies engage with them and

down with companies engage with them and

down with companies engage with them and encourage them to do better things so

encourage them to do better things so

encourage them to do better things so the question is can engagement with the

the question is can engagement with the

the question is can engagement with the company be an effective lever for change

company be an effective lever for change

company be an effective lever for change no is the answer for tobacco companies

no is the answer for tobacco companies

no is the answer for tobacco companies engagement with the tobacco industry is

engagement with the tobacco industry is

engagement with the tobacco industry is futile the only acceptable outcome would

futile the only acceptable outcome would

futile the only acceptable outcome would be if tobacco companies ceased their

be if tobacco companies ceased their

be if tobacco companies ceased their primary business in fact engagement with

primary business in fact engagement with

primary business in fact engagement with the tobacco industry

the tobacco industry

the tobacco industry has never led to less human death when

has never led to less human death when

has never led to less human death when we consider that framework three simple

we consider that framework three simple

we consider that framework three simple questions we can see that it is

questions we can see that it is

questions we can see that it is reasonable and defensible to take a

reasonable and defensible to take a

reasonable and defensible to take a strong position and exclude investment

strong position and exclude investment

strong position and exclude investment in the tobacco industry in addition to

in the tobacco industry in addition to

in the tobacco industry in addition to the UN tobacco treaty there is in fact

the UN tobacco treaty there is in fact

the UN tobacco treaty there is in fact another global treaty that demands that

another global treaty that demands that

another global treaty that demands that we act on tobacco in 2015 the UN adopted

we act on tobacco in 2015 the UN adopted

we act on tobacco in 2015 the UN adopted the sustainable development goals

the sustainable development goals

the sustainable development goals now we’re talking about tobacco and I

now we’re talking about tobacco and I

now we’re talking about tobacco and I know you’re going to jump straight to

know you’re going to jump straight to

know you’re going to jump straight to number three good health and well-being

number three good health and well-being

number three good health and well-being and indeed ramping up tobacco control

and indeed ramping up tobacco control

and indeed ramping up tobacco control regulation is essential if we are going

regulation is essential if we are going

regulation is essential if we are going to achieve that goal however

to achieve that goal however

to achieve that goal however look a bit more deeply and you will find

look a bit more deeply and you will find

look a bit more deeply and you will find that 13 of the 17 goals cannot be

that 13 of the 17 goals cannot be

that 13 of the 17 goals cannot be achieved unless there is a major

achieved unless there is a major

achieved unless there is a major shake-up of the tobacco industry

shake-up of the tobacco industry

shake-up of the tobacco industry personally my favorite goal is number 17

personally my favorite goal is number 17

personally my favorite goal is number 17 partnerships for the goals at present we

partnerships for the goals at present we

partnerships for the goals at present we have the entire global health sector

have the entire global health sector

have the entire global health sector doing everything it can to help the

doing everything it can to help the

doing everything it can to help the tidal wave of patient suffering as a

tidal wave of patient suffering as a

tidal wave of patient suffering as a result of tobacco but that said in the

result of tobacco but that said in the

result of tobacco but that said in the past year alone seven million people

past year alone seven million people

past year alone seven million people have died so clearly that is not enough

have died so clearly that is not enough

have died so clearly that is not enough we also have governments aligned on

we also have governments aligned on

we also have governments aligned on tobacco 180 of them busily trying to

tobacco 180 of them busily trying to

tobacco 180 of them busily trying to implement the provisions of the UN

implement the provisions of the UN

implement the provisions of the UN tobacco treaty but that too is not

tobacco treaty but that too is not

tobacco treaty but that too is not enough if the global finance sector

enough if the global finance sector

enough if the global finance sector continues to lend money to tobacco

continues to lend money to tobacco

continues to lend money to tobacco companies to invest in tobacco companies

companies to invest in tobacco companies

companies to invest in tobacco companies and to strive to profit from tobacco

and to strive to profit from tobacco

and to strive to profit from tobacco companies we are working against each

companies we are working against each

companies we are working against each other now if we are going to disrupt

other now if we are going to disrupt

other now if we are going to disrupt what doctors call the global tobacco

what doctors call the global tobacco

what doctors call the global tobacco epidemic we need every sector of society

epidemic we need every sector of society

epidemic we need every sector of society to stand side-by-side and be part of the

to stand side-by-side and be part of the

to stand side-by-side and be part of the solution so I call on finance leaders to

solution so I call on finance leaders to

solution so I call on finance leaders to implement a framework to deal with

implement a framework to deal with

implement a framework to deal with sensitive issues and I call on them to

sensitive issues and I call on them to

sensitive issues and I call on them to uphold global conventions but in

uphold global conventions but in

uphold global conventions but in addition there are business risks pure

addition there are business risks pure

addition there are business risks pure financial risks associated with being

financial risks associated with being

financial risks associated with being invested in the tobacco industry over

invested in the tobacco industry over

invested in the tobacco industry over the long term and I ask finance leaders

the long term and I ask finance leaders

the long term and I ask finance leaders to consider them the first risk is that

to consider them the first risk is that

to consider them the first risk is that fewer and fewer people will smoke as a

fewer and fewer people will smoke as a

fewer and fewer people will smoke as a result of increasing tobacco regulation

result of increasing tobacco regulation

result of increasing tobacco regulation when these warnings were put on

when these warnings were put on

when these warnings were put on cigarette packets in Canada the first

cigarette packets in Canada the first

cigarette packets in Canada the first response of smokers was to give them

response of smokers was to give them

response of smokers was to give them right back to the salespeople and say

right back to the salespeople and say

right back to the salespeople and say could you please just give me the ones

could you please just give me the ones

could you please just give me the ones that say they’ll kill me

regulation gets noticed regulation

regulation gets noticed regulation reduces consumption and we have 180

reduces consumption and we have 180

reduces consumption and we have 180 countries committed to more regulation

countries committed to more regulation

countries committed to more regulation let’s talk about litigation and the risk

let’s talk about litigation and the risk

let’s talk about litigation and the risk that presents at present it’s the

that presents at present it’s the

that presents at present it’s the business model of the tobacco industry

business model of the tobacco industry

business model of the tobacco industry that is being challenged currently the

that is being challenged currently the

that is being challenged currently the tobacco industry externalizes all of the

tobacco industry externalizes all of the

tobacco industry externalizes all of the health costs associated with tobacco

health costs associated with tobacco

health costs associated with tobacco governments pay communities pay you pay

governments pay communities pay you pay

governments pay communities pay you pay I pay the tobacco industry externalizes

I pay the tobacco industry externalizes

I pay the tobacco industry externalizes all those costs with an estimated one

all those costs with an estimated one

all those costs with an estimated one trillion US dollars per year yet they

trillion US dollars per year yet they

trillion US dollars per year yet they internalize and privatize the profits in

internalize and privatize the profits in

internalize and privatize the profits in 2015 in Quebec province the courts

2015 in Quebec province the courts

2015 in Quebec province the courts determined that the tobacco industry was

determined that the tobacco industry was

determined that the tobacco industry was indeed responsible for those health

indeed responsible for those health

indeed responsible for those health costs and ordered them to pay fifteen

costs and ordered them to pay fifteen

costs and ordered them to pay fifteen billion US dollars that case is under

billion US dollars that case is under

billion US dollars that case is under appeal but it begs the question why

appeal but it begs the question why

appeal but it begs the question why should any of us in any country be

should any of us in any country be

should any of us in any country be paying for the costs of the tobacco

paying for the costs of the tobacco

paying for the costs of the tobacco industry let’s move on to supply chain

industry let’s move on to supply chain

industry let’s move on to supply chain and the risk there it is not well known

and the risk there it is not well known

and the risk there it is not well known but the tobacco industry significantly

but the tobacco industry significantly

but the tobacco industry significantly relies on child labor in March this year

relies on child labor in March this year

relies on child labor in March this year the International Labor Organization

the International Labor Organization

the International Labor Organization issued a report which stated in tobacco

issued a report which stated in tobacco

issued a report which stated in tobacco growing communities child labor is

growing communities child labor is

growing communities child labor is rampant the US Department of Labor

rampant the US Department of Labor

rampant the US Department of Labor currently lists 16 countries that use

currently lists 16 countries that use

currently lists 16 countries that use children to produce tobacco leaf

children to produce tobacco leaf

children to produce tobacco leaf scrutiny of supply chains is

scrutiny of supply chains is

scrutiny of supply chains is intensifying and that cannot continue to

intensifying and that cannot continue to

intensifying and that cannot continue to escape public attention finally there is

escape public attention finally there is

escape public attention finally there is also reputation risk to consider for

also reputation risk to consider for

also reputation risk to consider for individuals and organizations that

individuals and organizations that

individuals and organizations that continue to maintain an affiliation with

continue to maintain an affiliation with

continue to maintain an affiliation with the tobacco industry

the tobacco industry

the tobacco industry in countless surveys the tobacco

in countless surveys the tobacco

in countless surveys the tobacco industry ranks as the world’s least

industry ranks as the world’s least

industry ranks as the world’s least reputable industry let’s just look at

reputable industry let’s just look at

reputable industry let’s just look at the impact on children globally every

the impact on children globally every

the impact on children globally every single day it is estimated that 100

single day it is estimated that 100

single day it is estimated that 100 thousand children start smoking that’s

thousand children start smoking that’s

thousand children start smoking that’s enough children to fit inside the

enough children to fit inside the

enough children to fit inside the Melbourne Cricket Ground and most of

Melbourne Cricket Ground and most of

Melbourne Cricket Ground and most of those children are from the poorest

those children are from the poorest

those children are from the poorest communities on earth here in Australia

communities on earth here in Australia

communities on earth here in Australia the average age that people start

the average age that people start

the average age that people start smoking is 16 years and 2 months they

smoking is 16 years and 2 months they

smoking is 16 years and 2 months they look pretty young to me but the worst

look pretty young to me but the worst

look pretty young to me but the worst thing here is that while we don’t have

thing here is that while we don’t have

thing here is that while we don’t have data from every country on earth we

data from every country on earth we

data from every country on earth we believe that is the oldest age

believe that is the oldest age

believe that is the oldest age everywhere else is younger now for the

everywhere else is younger now for the

everywhere else is younger now for the good news things that are changing the

good news things that are changing the

good news things that are changing the finance sector is coming to the party

finance sector is coming to the party

finance sector is coming to the party after around 2000 meetings with finance

after around 2000 meetings with finance

after around 2000 meetings with finance leaders primarily in the cafe’s of

leaders primarily in the cafe’s of

leaders primarily in the cafe’s of Melbourne and Sydney and London and

Melbourne and Sydney and London and

Melbourne and Sydney and London and Paris in New York and all across the

Paris in New York and all across the

Paris in New York and all across the globe momentum moving away from

globe momentum moving away from

globe momentum moving away from investment in the tobacco industry is

investment in the tobacco industry is

investment in the tobacco industry is starting to snowball finance leaders are

starting to snowball finance leaders are

starting to snowball finance leaders are alarmed when they’re presented with the

alarmed when they’re presented with the

alarmed when they’re presented with the facts and overwhelmingly they want to be

facts and overwhelmingly they want to be

facts and overwhelmingly they want to be part of the solution here in Australia

part of the solution here in Australia

part of the solution here in Australia we now have ten million six hundred and

we now have ten million six hundred and

we now have ten million six hundred and thirty six thousand one hundred and one

thirty six thousand one hundred and one

thirty six thousand one hundred and one superannuation accounts that are tobacco

superannuation accounts that are tobacco

superannuation accounts that are tobacco free that one is mine by the way

there is still a lot of work to be done

there is still a lot of work to be done but I’ve watched the conversation go

but I’ve watched the conversation go

but I’ve watched the conversation go from should we go to backhoe free – why

from should we go to backhoe free – why

from should we go to backhoe free – why haven’t we done it yet in the past year

haven’t we done it yet in the past year

haven’t we done it yet in the past year alone major tobacco free moves have been

alone major tobacco free moves have been

alone major tobacco free moves have been made by leading financial organizations

made by leading financial organizations

made by leading financial organizations in eight different countries in

in eight different countries in

in eight different countries in Australia New Zealand the Netherlands

Australia New Zealand the Netherlands

Australia New Zealand the Netherlands Sweden Denmark France Ireland and the

Sweden Denmark France Ireland and the

Sweden Denmark France Ireland and the USA by sovereign wealth funds fund

USA by sovereign wealth funds fund

USA by sovereign wealth funds fund managers pension funds banks insurers

managers pension funds banks insurers

managers pension funds banks insurers and reinsurers since tobacco free

and reinsurers since tobacco free

and reinsurers since tobacco free portfolios began more than six billion

portfolios began more than six billion

portfolios began more than six billion dollars has been redirected away from

dollars has been redirected away from

dollars has been redirected away from investment in the tobacco industry the

investment in the tobacco industry the

investment in the tobacco industry the case study is well and truly proven when

case study is well and truly proven when

case study is well and truly proven when making the tobacco free announcement in

making the tobacco free announcement in

making the tobacco free announcement in March this year the CEO of a and P

March this year the CEO of a and P

March this year the CEO of a and P capital said we are not prepared to

capital said we are not prepared to

capital said we are not prepared to deliver investment returns at any cost

deliver investment returns at any cost

deliver investment returns at any cost to society and that is a question we

to society and that is a question we

to society and that is a question we need to ask ourselves is there no

need to ask ourselves is there no

need to ask ourselves is there no baseline standard below which we will

baseline standard below which we will

baseline standard below which we will not sink to make profit along the way

not sink to make profit along the way

not sink to make profit along the way I’ve had a lot of help and incredible

I’ve had a lot of help and incredible

I’ve had a lot of help and incredible support now if you are trying to do

support now if you are trying to do

support now if you are trying to do something I highly recommend that you

something I highly recommend that you

something I highly recommend that you have a princess on your team Her Royal

have a princess on your team Her Royal

have a princess on your team Her Royal Highness Princess Dina murud is the

Highness Princess Dina murud is the

Highness Princess Dina murud is the global ambassador for this work we also

global ambassador for this work we also

global ambassador for this work we also have a lord a knight a former premier a

have a lord a knight a former premier a

have a lord a knight a former premier a former Federal Minister and a stack of

former Federal Minister and a stack of

former Federal Minister and a stack of CEOs but the capacity to change things

CEOs but the capacity to change things

CEOs but the capacity to change things does not rest exclusively with these

does not rest exclusively with these

does not rest exclusively with these highly influential people the power to

highly influential people the power to

highly influential people the power to do that is with all of us everyone here

do that is with all of us everyone here

do that is with all of us everyone here can be part of the solution in fact

can be part of the solution in fact

can be part of the solution in fact everyone here must be part of the

everyone here must be part of the

everyone here must be part of the solution most people in this room owned

solution most people in this room owned

solution most people in this room owned companies via their superannuation funds

companies via their superannuation funds

companies via their superannuation funds their banks and their insurers and it is

their banks and their insurers and it is

their banks and their insurers and it is time for us to ask them are they

time for us to ask them are they

time for us to ask them are they investing our money in companies that

investing our money in companies that

investing our money in companies that make products that kill 7 million people

make products that kill 7 million people

make products that kill 7 million people every year it’s your money it’s my money

every year it’s your money it’s my money

every year it’s your money it’s my money it’s our money and that is a very

it’s our money and that is a very

it’s our money and that is a very reasonable question it’s pretty cramped

reasonable question it’s pretty cramped

reasonable question it’s pretty cramped up here with 7 million people beside me

up here with 7 million people beside me

up here with 7 million people beside me today

today

today but if we don’t act now and act together

but if we don’t act now and act together

but if we don’t act now and act together we’ll need to make way for 1 billion

we’ll need to make way for 1 billion

we’ll need to make way for 1 billion people before the end of this century

people before the end of this century

people before the end of this century and this is a very big stage but there

and this is a very big stage but there

and this is a very big stage but there is no more room thank you

is no more room thank you

is no more room thank you [Applause]

[Applause]

[Applause] [Music]

”

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