Freshwater Resources: Managing the Risks Facing the Private Sector

Businesses around the world are failing to prepare for the serious economic and political risks posed by growing competition for fresh water, the threat of water contamination, and rising water-related costs, says this report. These risks can lead to plant closures, supply-chain disruptions, and public opposition to local business activities. The report recommends ten steps companies can take to reduce their water-related impacts on the environment and local communities, and help protect their operations and their shareholders from business risks related to water. These steps include measuring their current water use; establishing a water policy with specific goals and performance targets; improving water efficiency and conservation efforts; and engaging suppliers, community groups, and outside partners in an open dialogue on the issue.