Why businesses must act now to unlock the full potential of water ...

Oct 31, 2024 · Ofwat’s 2023-24 report: businesses must act now to unlock the full potential of water deregulation. The latest Ofwat report highlights some encouraging signs of progress in the water sector, but the pace of change remains frustratingly slow. This stagnation means that …

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FAQs about Why businesses must act now to unlock the full potential of water ... Coupon?

Why do businesses need water?

Businesses must identify top water challenges, study existing recourses and understand available alternatives. With this information, it will be easier to build a sound strategy and forecast future demand. For example, semiconductors' production process requires ultra-pure water to prevent defects and maintain optimal chip/processor functionality. ...

Why do we invest in water-stressed communities?

“The more people experience water challenges first hand, the more it becomes real to them,” she added. “Water is a local challenge, which is why we are investing in a range of projects that can be impactful in the water-stressed communities where we operate. ...

Is water scarcity affecting your business?

Companies around the world are increasingly recognizing the value of water and the serious financial impact that water scarcity poses to their businesses. A 2020 report from the Carbon Disclosure Project (CDP) estimates that some $301 billion of business value is at risk due to water scarcity, pollution and climate change. ...

Does corporate water leadership make sense?

Enhancing corporate water leadership doesn’t just make sense from an ethical point of view 一 it’s also vital from a business point of view. Businesses are set to lose millions unless they act now. As stated by Starbucks’ Chief Sustainability Officer, Michael Kobori, collective action is essential. ...

Should businesses use large quantities of water?

Along these lines, businesses utilizing large quantities of water must be cautious and thoughtful with their water use and should work to increase the available resources for their water so they do not reach a point where they are competing for the same drop with residential. ...

Can the global water observation system help companies plan for scarcity?

We have confidence that the Global Water Observation System, proposed at the United Nations Climate Change Conference in Glasgow (COP26), will serve as a valuable tool for evaluating the current water crisis and help companies plan for scarcity scenarios. ...