Diageo PLC Brunchtime Call with the President: North America (Q&A Session) Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Laurence Bruce Whyatt - Barclays Bank PLC, Research Division - Analyst : I was wondering, the first one, just look at the cost savings that you're able to take out of the business towards the end of last fiscal year. And how many -- how much of those do you think you will be able to maintain as we emerge from the COVID situation? Secondly, on your distribution cost, we've seen quite an uptick in cost of trucking, in particular, around the U.S. I'm just wondering if either the costs are going to impact you or the availability of trucking drivers? And have there been any logistical problems on the back of that increase in trucking costs? And then finally, slightly different. Just drawing on your experience from Reynolds and as we talk to investors more and more, we're being asked about ESG-type credentials and obviously, the tobacco industry has -- is largely removed from any fund that focuses on ESG. There are a few funds that are starting to talk about alcoholic beverages in the same light. And I was wondering what you think would be the best defenses for the alcohol industry when it comes to being a force for good in the world and in the world of ESG?