The World Wildlife Fund (WWF) and the World Business Council for Sustainable Development (WBCSD) launched the report Right tool for the right job: tools and approaches for companies and investors to assess water risks and shared water challenges.
The report provides an overview of the three leading corporate water tools:
The report compares the water tools and provides guidance on the tools in relation to a user’s needs and priorities. Additionally, the report offers recommendations on conducting robust water risk assessment and understanding shared challenges.
After a water risk assessment, companies should set meaningful targets to mitigate and manage the risks, implement innovative solutions, raise awareness among their stakeholders and advocate to raise the industry standards for water use.