Thirsty for change? 4 ways to improve corporate water targets
Water-related business risks are becoming more and more apparent.
That’s why CDP, the UN Global Compact CEO Water Mandate, Nature Conservancy, World Resources Institute and WWF are calling for a new approach to setting corporate water targets.
Local context matters—a lot.
As such, water targets at each company facility need not only account for company circumstance, but also for the larger watershed conditions and risks.
Aligning company performance with the local river basin context is increasingly considered a requirement for meaningful water targets.
Science, instead of individual interests, informs what needs to change and when.
That means corporate targets for water use must be based on science and understanding at the basin level, and not set arbitrarily.” Mars is using the latest science on the global carbon budget, water stress and other ecological limits to set meaningful sustainability targets for greenhouse gas emissions, water and land.
Governments and local basin initiatives are at the forefront of water management.
Because of this, companies have a lot to gain by aligning their water goals with local, national and global water priorities, such as the Sustainable Development Goals.
The California Water Action Collaborative is a unique platform that links companies to state water goals.