Water stewardship is an overarching, dynamic framework for understanding and addressing water risks to your business. ![]() In 2017, companies have committed US$23.4 billion across more than 1,000 projects to tackle water risks in 91 countries around the world. They face reputational risks as local communities, investors, and consumers increasingly expect businesses to act in a responsible and sustainable manner.Īccording to CDP’s 2017 water report of more than 2000 reporting companies, 60% face water-related risks, while 56% expect those to materialize over the next six years. They face regulatory risks as governments’ approaches to managing water resources lead to changing, ineffective, poorly implemented, or inconsistent policy or regulations. They face physical risks from having too much water, not enough water, or water that is unfit for use. CDP’s Global Water Report 2014īusinesses from a wide variety of sectors – including mining, food and beverage, forestry, textiles, and electronics manufacturing, among many others – face increasing risks related to water. UK drinks company Diageo Plc has reduced the volume of its water withdrawals by nearly 1 million cubic meters this reporting year and estimates the cost savings associated with this reduction to be approximately US$3.2 million. Drive improved productivity and talent recruitment. ![]() Assure investors that the business is viable for the long term.Gain competitive advantage and boost brand value.Maintain and strengthen their license to operate.Protect themselves from operational disruptions due to insufficient water supplies.Reduce costs – stewardship pays for itself through efficiencies.Stewardship helps companies make invaluable contributions to solving the world’s water crises, achieving the Sustainable Development Goals, and supporting human rights, while also making the business more resilient.īy implementing water sustainability practices, companies can: It also enables them to seize the ever-growing list of water opportunities available to their companies. Through practicing water stewardship, businesses can identify and manage the many water risks threatening their growth and viability. Simply put, water stewardship is good for the planet, good for people, and good for business. Achieve continuous dialogue with stakeholders.Advance collective action and sustainable water management in river basins in which they operate.Facilitate improved water performance throughout the value chain.Drive water use efficiency and reduce pollution throughout operations.Provide water, sanitation, and hygiene for all employees.What are the core actions of effective corporate water stewards?īusiness seeking to manage their risks through water stewardship typically implement a short list of core actions, especially: Ultimately, stewardship is a key practice to address these critical water challenges, drive sustainable water management, and achieve the Sustainable Development Goals. It can be adopted by businesses, through corporate water stewardship, as well as by growers, communities, and others. Water stewardship is the use and treatment of water in ways that are socially equitable, environmentally sustainable, and economically beneficial. By the same token, water crises pose some of the most vital sustainable development challenges of our time.Īccording to the World Economic Forum, water crises have been among the top five global risks in terms of impact in each of the last four years World Economic Forum’s Global Risk Report 2018, Global Risk Report 2017, Global Risk Report 2016, Global Risk Report 2015Ĭredit: World Resources Institute Aqueduct. person officer, ship's officer, fiduciary.Water is perhaps humanity’s most vital natural resource.setterwort, shattered, strad, sideward, street, stewart, stair-rod, sisterhood, side road, sagittariidae, southward, start out, start, struthio, stride, stairhead, saturate, saturated, sturdy, shuttered, storeyed, sight-read, strut, Satyridae, sequestered, steroid, saturday, storied, side yard, straw hat, scattered, siddhartha, stuart, sea starwort, stouthearted, stuard, starry-eyed, Sed Rate, siderite, strait, starwort, skid road, starred, striate, sightread, stirred, sequestrate, sweetheart, sea trout.Noun, singular or mass administrator, gatekeeper, guarantor, guard, housekeeper, janitor, manager, superintendent, warden, Intendant. ![]() Noun, singular or mass caretaker, custodian, keeper, protector, watchman.Noun, singular or mass guardian, representative.
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