Prince William and Prince Harry feel they let their mother Princess Diana down when they were younger.
The Princes are devastated that they weren't able to "protect" their late mother - who died in August 1997 in a car crash - and want to honour her memory in every way they can.
Prince William said in a statement: "Part of the reason why Harry and I want to do this is because we feel we owe it to her ... I think an element of it is feeling like we let her down when we were younger. We couldn't protect her.
"We feel we at least owe her 20 years on to stand up for her name and remind everybody of the character and person that she was. Do our duties as sons in protecting her."
And Prince Harry admits it is "never going to be easy" to talk about his mother's death but he wants to "remind people" of the difference Diana made to the world.
The flame-haired royal added: "When she died there was such an outpour of emotion and love which was quite shocking. It was beautiful at the same time, and it was amazing now looking back at it. It was amazing that our mother had such a huge effect on so many people.
"When you're that young and something like that happens to you, I think it's lodged in here, there, wherever - in your heart, in your head and it stays there for a very, very long time. I think it's never going to be easy for the two of us to talk about our mother, but 20 years on seems like a good time to remind people of the difference that she made, not just to the Royal Family but also to the world."