Water is an essential part of the manufacture, delivery and use of products and services. Almost every company is affected by uncertainties and dilemmas associated with their water consumption.
Without improvements in the way water is managed and used, the world could face a 40% supply gap by 2030. Businesses need to assess their water risk exposure in order to implement sound water stewardship strategies. This includes addressing shared water risk at watershed level.
Water scarcity affects two-thirds of the world’s population. Competing demands for water continue to rise (from agriculture, households, energy generation, industrial use, ecosystems, etc.), and the effects of climate change are exacerbating the challenges associated with water quality and availability. This creates new risks for businesses, governments, communities and the environment.
Companies face physical and non-physical risks driven by competition for water, pollution, regulation, and climate change. Water scarcity or flooding, as well as regulatory, financial as much as reputational risk can lead to business disruption. At the same time, investing in sustainable water management offers opportunities to gain a competitive advantage.
This project helps companies move from water risk assessment to the implementation of collaborative response strategies at the watershed level. Our goal is to strengthen the widespread application of water risk assessment tools (notably Global Water Tool and India Water Tool) to implement response strategies at the watershed level; share best practice; and lead and demonstrate, e.g by conducting collective valuation exercises or participate in multi-stakeholder dialogue.