Company disclosure of water management strategies exemplifies importance of water security for climate action
Author: Carbon Disclosure Project , Published on: 16 November 2016
"Thirsty business: Why water is vital to climate action, 2016 Annual Report of Corporate Water Disclosure", Nov 2016
This report summarizes and analyzes the disclosures made through the 2016 information request. It is aimed at companies facing water risks and opportunities, and investors seeking to better understand how water issues might impact portfolios.
The report and underlying data analysis aim to shine a light on the linkages between water, energy and private sector efforts to reduce carbon emissions.
This report reveals:
- Water risks are rapidly materializing for business;
- Year-on-year trends show that companies are not moving fast enough to address the sustainable management of water;
- Water could make – or break – the low carbon transition;
- A pivot towards water stewardship is underway; and
- This year’s Water A List includes 24 companies. This is 16 more than last year.
Water-related impacts cost business US$14 billion, a five-fold increase from last year.
24% of GHG reduction activities depend on a stable supply of good quality water.
53% of companies report that better water management is delivering GHG reductions
[References to several other companies can be found in the full report.]
Related companies: Acciona Anglo Platinum (part of Anglo American) BASF Bayer Centrica Coca-Cola Colgate-Palmolive Diageo Engie (formerly GDF Suez) Fiat Chrysler Ford General Motors GlaxoSmithKline Gold Fields Harmony Gold HP (Hewlett-Packard) Iberdrola Inditex Kao Kumba Iron Ore L'Oreal Lockheed Martin Mitsubishi Electric (part of Mitsubishi Group) Norges Bank Investment Management (NBIM) OMV Sony Tokyo Electric Power (TEPCO) Toyota Unilever