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In response to growing threats to water supplies due to climate change, growing populations, rising water demand and weak governance, many companies are setting enterprise-wide contextual water targets in priority locations across their value chains. However, setting water targets that respond to local contexts has proved challenging for many companies, as water is not an equally material issue across corporate value chains. Impacts and dependencies on water vary by sector and throughout a single enterprise.
Water Stress Poses Huge Risks for Companies: These Tools Can Help
Water stress is a
perennial problem, and is only projected to worsen with climate change. One of the United Nation’s Sustainable Development Goals (SDGs) related to
water is to “ensure sustainable withdrawals and supply of freshwater to address water scarcity and substantially reduce the number of people suffering from water scarcity” by 2030.
It’s a lofty goal, especially considering every continent already faces some level of water stress. Further, in order to have any hope of reaching that goal, public and private stakeholders alike must fully commit to action. Corporations, in particular, will need to address water use, at every stage of the process.
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