While Corporate Water Disclosure Grows, Corporates are Not Moving Fast Enough Towards Sustainable Water Management
Nov 28th, 2016 |
CDP published its 2016 Report of Corporate Water Disclosures noting the largest response yet to CDP’s annual request for investment-relevant information on companies in sectors exposed to water risk. Disclosing companies reported US$14 billion in water-related impacts this year, a five-fold increase from last year with over a quarter of companies experiencing detrimental impacts from water this year.
Although, the CDP report shows again that companies are not moving fast enough to address the sustainable management of water. Disclosure around key metrics, such as tracking water use, assessing risk, and ensuring strategic management shows that performance has not improved markedly since last year.
There is a bright spot emerging in the increasing numbers of companies recognizing the value of managing water in a more holistic sense. More companies are citing water stewardship as the basis for their water targets, and a new international regime to cut carbon creates more demand and pressure to improve water management.