Jacobs Solutions Inc.

Thanks for joining us today. I'm Adam Bubis. I'm an engineering construction analyst here at Goldman Sachs, and I'm delighted to host today's panel on water and land efficiency. Rising temperatures, growing and aging global populations, and a heightened focus on overall resource security have all intensified a focus on water and land efficiency. We're increasingly seeing headlines in the press about problems related to too much or too little water. and ensuring security of supply for key resources while minimizing environmental impacts. This panel is going to explore both leading corporates and investors that are addressing these challenges of meeting reliability needs while maximizing efficiency. We have with us today a range of experts. Susan Moisio, Global Water Market Director at Jacobs Solutions. Jacobs is a global leader in water infrastructure. We have Matt Desario, co-founder and president of Water Asset Management, an investment firm focused on water, and Ora Erickson, VP of Corporate Sustainability at Weyerhaeuser, a major land and timber manager. So let's start with you, Susan. Jacobs Solutions is at the forefront of designing and implementing water infrastructure. Can you just outline where Jacobs plays in the water space? What's your core approach to helping customers? And what do you see as the biggest demand drivers for this portion of your offering across each of the water verticals?

Thank you. Pleasure to be here. So as Jacobs, we look at water from a one water standpoint. And what we mean by that is that all water has value. The solutions that we've got to come back with have got to look at this complex and interconnected way that water is not only procured, but how the water cycle is in real life, if you will. So from that standpoint, we also manage this from the complete asset lifecycle, from planning to design to construction and operations, and then back to asset management. So looking at it from that standpoint allows us to dive into providing complete solutions for our clients from also a digital standpoint. And I think the importance of our digital offering is that because we are in the operations business for water and wastewater, we're actually able to show that the digital offerings that we are developing, that we're using them and they're working for our clients and for us. And then the final thing I would say is that what is driving water in our for us is it's either too much water such as we're hearing you can't actually see anything outside the windows because of that there's too much we either have too much water from a climate change standpoint or too little water from also a climate change standpoint such as a water scarcity in the western part of the United States or we have a water quality issue so I'm going to stop there and Great. Let's move on.

Terrific. Well, let's move from the waters to the timbers. So Weyerhaeuser manages vast timberlands. Help us understand, how do you integrate sustainable forestry practices and land stewardship into your business strategy to ensure water quality and also forest health? And then what are some of the KPIs you're using to measure this progress? What lessons have you learned from managing such extensive natural assets?