Smart Water Management Bringing Business Benefits for Companies

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Smart Water Management Bringing Business Benefits for Companies

by Vikas Vij

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CDP study shows 2/3 of world’s biggest companies report exposure to #water risks http://bit.ly/1IInZYg via @Justmeans
Wednesday, August 12, 2015 - 8:00am

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A new set of UN Sustainable Goals (SDGs), which will be adopted in September, present private companies with an opportunity to lead in the preservation of water, one of the most valuable resources on the planet. With smart water management, pioneering companies will be able to reduce the value at risk from water stress and achieve cost savings and increased revenues.

The latest Global Risk Report from the World Economic Forum (WEF) points out that the adverse impacts of water crises could even surpass the impacts of climate change. This contention is supported by another recent study by CDP (formerly the Carbon Disclosure Project) which found that two-thirds of the world’s biggest companies are now reporting exposure to water risks, and 22 percent anticipate that this could limit their business growth.

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Image Credit: Flickr via BCWWA

Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.

Keywords: Environment | Carbon Disclosure Project (CDP) | Cause Global | Justmeans | Responsible Business & Employee Engagement | UN Sustainable Development Goals (SDGs) | Water | best practices | water management

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