Posted by Sonali Abraham, Hannah Baleta, and Tien Shiao of the Pacific Institute
Setting site water targets is a business imperative to reduce water risk and improve water security. Every water catchment has a unique set of water challenges.
Posted by Tien Shiao
Climate change is impacting all regions of the world, cutting across all sectors of society. It is closely connected to water resources, leading to more floods, droughts, poor water quality, and increased water demand due to higher temperatures – more water is needed for irrigation, drinking water, and industrial cooling.
Posted by Paul Reig, Tien Shiao, Morgan Gillespy, Kari Vigerstol and Alexis Morgan
Water-related business risks are becoming more and more apparent. According to CDP’s 2016 global water report, 607 companies lost $14 billion last year alone due to water scarcity, drought, flood and other water risks.
Posted by Tien Shiao
Water risks once again rank as one of the top 10 global risks in the 2016 World Economic Forum’s annual report. Because of this, more and more companies view water as a business risk and water stewardship as a solution.
The webinar will showcase lessons learned piloting the site water targets guide in the Noyyal-Bhavani River Basin, India, and Upper Vaal River Basin and Berg and Breede River Basins, South Africa. Companies will discuss their experience setting site water targets collectively, how site water targets fit into their water stewardship strategy, and how this work drives action in the long-term.
The world’s water resources are under growing pressure from rising water consumption, pollution, weak governance and climate change. Unlike carbon, a global pollutant, water is an inherently local resource. To build long-term water security for their operations and local communities, businesses should take into consideration not only their own water use and discharge, but the specific characteristics of each water catchment, says a new guide by the UN Global Compact CEO Water Mandate.