Brambles Ltd Plastic Pallet Decision Transcript
Thank you for joining us today, and welcome to the Brambles briefing to discuss our decision on Costco plastic pallets. We appreciate the time there such notice and we know for many of you this briefing is taking place after market close. So thank you for being so accommodating.
I'll start this briefing by providing you with a short overview of the strategic rationale and financial implications of our decision to stay after which there will be time for Q&A with myself and Nessa O'Sullivan, our CFO.
As you will have seen from the announcement lodged on the ASX, Brambles has made the decision not to participate in the potential transition to plastic pallets in Costco's U.S. supply chain. Our decision today should reassure shareholders that we are disciplined in the allocation of capital and will only pursue investments, which we believe to be in the best interest of shareholders and long-term sustainability of the company.
In the 3 years since Costco announced its
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