Becoming a corporate water steward requires a shift in focus when addressing water risks - moving beyond improvements in direct operations to engaging in the watershed they operate in. For instance, often companies cannot address water availability risks from depleting groundwater resources through more efficient internal processes alone. Water challenges are shared. Therefore, moving beyond the fence-line of one's own operations is key to improve water conditions and efficiently reduce or avoid business impacts for the company. Effective external action with partners can include engaging with other water users, setting abstraction standards or collectively improving recharge rates through increasing tree cover with native species.
To understand the state of play in how companies are managing water-related business risks, we analysed 414 facility-level response strategies reported by 78 companies in the food, beverage, construction materials, electric utilities, chemical and metals and mining industries in their CDP disclosures in 2016 to assess:
For a comparison of the five industries, please contact us for access to the full report.
Some of the key insights when comparing the risk responses of the Mining, Food, and Beverage industries over 2015 and 2016 include:
Get in touch to learn more about how particular industries are responding to water risks including, what actions they take, and the groups of stakeholders different industries engage with.
Contact our team to discuss how you can assess and address your water risks in a collective action approach
This piece was co-authored by Julian Kölbel.
As the CDP's official water scoring partner since 2015, South Pole has evaluated the corporate water management practices of over 500 companies in over 50 industries and we have successfully supported companies in developing holistic corporate water stewardship strategies.