World Resources Institute sets up alliance to map water risk (Aug 2011)
Updates and Sector News
By Ekobai Contributor, Environmental Management Certification
Last month Ekobai.com reported on the work of the Alliance for Water Stewardship and the potential development of a new sustainability standard for water. The Alliance board is comprised of non-profits including Nature Conservancy, the Carbon Disclosure Project and the WWF, as well as a number of dedicated water stewardship organizations (view full list of members).
We can now report that the World Resources Institute, in partnership with major blue chip multinationals, has set up the Aqueduct Alliance to assess water risk at corporate level.
The new initiatives' stated objective is to provide a suite of practical tools that 'measure, map, and explain water-related risks facing companies and their investors' and to 'provide companies and their investors with the actionable information they need to effectively manage and reduce their exposure to water risk'. It plans to produce a global database of water risk information that will provide companies, governments and other institutions with the information they need to create highly-detailed water risk maps. The project is funded by General Electric and Goldman Sachs.
A recent survey of 150 listed companies undertaken by the Carbon Disclosure Project found that around 40 per cent had already experienced disruption as a result of water-related issues. Water risk will continue to be a major issue facing water-dependent companies in the coming years and the development of responsible water stewardship programmes, and potentially verifiable standards, key to their future success.
Find out more about the World Resources Institute's Aqueduct Alliance.
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