CDP, the global non-profit group running the disclosure system that shows how companies manage their environmental impacts, published the first global assessment of corporate efforts in tackling water security today. The new global water report, 'Accelerating action', highlights the companies achieving an A rating for their actions to address water security. Over 400 companies operating in the most water dependent or vulnerable industry sectors have been evaluated on their disclosed water management practices by CDP and South Pole Group. Drawing on the most comprehensive dataset of publicly available corporate water information collected on behalf of investors, the evaluation has considered each company's water risk assessments and response strategies, and how these are factored into business planning.
"Acting as CDP's lead scoring partner has offered us unique insights to the current global state of corporate water management", says Renat Heuberger, CEO at South Pole Group. "Building on both our long-standing knowledge in climate change mitigation interventions and close work with CDP, we can firmly conclude that a water stewardship approach offers clear benefits to companies, especially to those most at risk. It is now up to companies to capitalise on these opportunities and get ready for a water-scarce future."
Read the full media release here.
Read the coverage on Forbes: Lack of business resilience on water risk exposed, by Dina Medland