We will advance our watershed-restoration program in water-stressed regions of our cotton supply chain. NIKEÕs watershed restoration work is focused on our extended cotton supply chain. The primary benefit of these watershed-restoration projects is not only reductions in our freshwater footprint, they can also have secondary benefits such as reductions in pesticide runoff, improved soil health, and better community access to water depending on local needs and conditions. We are working with The Nature Conservancy and started by piloting two projects in Maharashtra, India and Murray Darling, Australia. In India, we funded a one-year integrated drought risk management strategy by installing drip irrigation at smallholder farms with a focus on vulnerable communities and female farmers. In Australia, we supported the establishment of a conservation covenant to permanently protect 80,000 hectares of biodiverse wetlands and floodplains at Gayini Nimmie-Caira, a region with intensive agriculture, including cotton. This will help to restore cultural heritage sites and medicinal food plants; transfer ownership to the Nari Nari community (the Traditional Custodians of the land), unlock perpetual conservation funding, and protect the habitat of hundreds of species. We will expand this water restoration project portfolio over the next five years to reach the 2025 target.