Nine of the world’s top 10 megacities – whose economies represent almost 10% of global GDP – are in water scarce regions or currently experiencing a drought. Two-thirds of the world’s largest companies responding to the CDP’s annual water survey acknowledge that they are exposed to water-related risks, with almost a quarter saying such risks could limit their growth – for some, within the next year. This raises the question of how business leaders should arm themselves to plan for and act on these risks.
The Water Risk Monetizer helps businesses move from awareness to action on water scarcity risks. Developed by Ecolab and Trucost, the simple, no-cost web-based tool calculates a water risk premium for a facility based on what water would cost if we were to take into account water’s full value to communities and the environment. The tool provides site-specific data that businesses can use to make the business case for water efficiency and treatment, assess how future operating costs could affect profitability, or compare growth strategies in different regions.
The webinar discusses why water scarcity is a threat to business growth, how to make the business case to act on water scarcity, and how to account for the value of water using tools like the Water Risk Monetizer to inform business decisions that enable sustainable business growth.