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Business in the Community: New report from CDP ranks businesses water security efforts

Oct 30, 2015

 

CDP’s annual water report, ‘Accelerating Action’, was launched in Tokyo, Japan last week by Cate Lamb, Head of Water.

Read the full Accelerating Action Report and Summary.

In a year when the World Economic Forum has ranked global water crises – including drought, increased risk of flooding and deteriorating water quality – as the greatest threat facing the planet, this report shows that some companies are beginning to move ahead of the pack in addressing water concerns.

Eight leading companies have achieved an ‘A’ in CDP’s first ever-global ranking of corporate efforts to improve water security. The emergence of these leaders underpins the growing understanding among companies that it makes business sense to address water security.

Key messages from the report

Acting to improve water security is a business and investment imperative for many companies and investors;

  • 27% of participating companies have already experienced detrimental impacts related to water with reported financial impacts totaling some US$2.5 billion.

Leading companies manage water because it makes business sense to do so;

  • They join the Water A List because of their approach to water management, and are showing that strategic water stewardship efforts can reduce risk, enhance strategic preparedness, improve investor appeal and make businesses more resilient.

Urgent action is needed to close the gap between leaders in water stewardship and laggards;

  • There is a significant lack of transparency in the face of rising investor interest– only 38% (of 1073 companies) disclosed.

For more information see here.



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