The annual Global Water Report published by CDP (the non-profit global environmental disclosure platform) today finds a 193% increase in water leadership as 73 companies make the CDP Water A List, up from 25 last year. Top performers include Bridgestone, Burberry, Kellogg's, Sanofi and Woolworths.
A Turning Tide: tracking corporate action on water security analyses water data from 742 of the world's largest companies including Nestle, Burberry and Kellogg's and finds escalating boardroom engagement in water issues. Other key findings of the report included:
Renat Heuberger, CEO, South Pole Group, CDP's water scoring partner, said: "From Bangladesh to Peru and the US, climate risks - and in particular water risks - have been very real in 2017. From storms to droughts, and floods to forest fires, the damage has been enormous. It is, therefore, encouraging to see a growing number of water leaders coming to the fore. South Pole Group believes companies need to continue to improve their understanding, management, and transparency of water risks, in order to help inform better decision making. Together with CDP, we are committed to delivering a water-secure world."
A Turning Tide: Tracking corporate action on water security is launched today at CDP's Water Forum taking place in the India Bulls Finance Centre, Mumbai. The full report can be found at the CDP website.
Read the full press release here.