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Unlocking the Profit in Water Savings
Ethical Corporation, June 2010, Pages: 65
Unlocking the Profit in Water Savings - 2nd edition
How big companies manage water risk and the business opportunities in doing so.
Why a sudden increase in corporate concern with water? The reasons are boundless. Climate change and political factors create a massive amount of unpredictability though these risks are becoming better understood and leading companies are successfully realising cost savings through increased water efficiency.
The message amongst the multinational corporations that have engaged with Ethical Corporation is clear: despite much of the dialogue around water, water is not the new carbon.
Leading companies are realising that in many situations, water is just as, if not more of a sustainability and business priority than carbon and water stewardship requires unique approaches.
The 35 corporate executives interviewed and 100 surveyed highlighted how the nature of water risks differs from carbon emission risks. These differences are also evident among regulations and the scope of impact from irresponsible water management. Until this year, we noted little global consensus on corporate water use measures. Although water is largely a local issue, there are some well-recognised methods, tools and general frameworks that have emerged as best practice.
Therefore, we advise that companies use this report to adopt water management strategies that complement existing environmental and social initiatives.We share some exclusive insight, innovative strategies, promising monitoring tools, guidance on successful partnerships, considerations when calculating risks, and a discussion on early initiatives on labelling, reporting and auditing.
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