Water is the lifeblood of the global economy. And with 19% of water withdrawals coming from industry, and a further 70% from agricultural supply chains, companies have a massive role to play in meeting our global water goal - SDG6. There is also a clear economic imperative for action: in 2018 water-related financial losses reached US$36 billion.
The report entitled “Treading Water: Corporate responses to rising water challenges” aims to help companies and investors to understand how they can play their part in delivering a water-secure world. It presents analysis of the 2018 CDP water response data from a sample of 783 of the world’s largest publicly listed companies. Below are the key findings:
- Companies are withdrawing more water, despite greater awareness of water risks;
- Less than a third (31%) of companies in high impact sectors have incentives in place for C-Suite executives on water-related issues;
- Companies reported US$38billion in water-related financial losses in 2018;
- Retail is the least transparent sector.
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