20 Jun '11, 7pm

Companies Falling Far Short of Managing Water Risks

Companies Falling Far Short of Managing Water Risks

Water scarcity is already presenting challenges to the operations of companies in water-intensive industries, as a new report from EIRIS points out. According to the report, entitled A drought in your portfolio: are global companies responding to water scarcity? [PDF], examples include the abandonment by Nestle Waters in 2009 of a plan to build the USA's largest bottling plant in California; severe rationing of electricity during droughts in France and Brazil; and the loss for three years of Coca Cola's license to operate in India. EIRIS cites several more such examples of water scarcity impacting business operations already, but clearly the worst by far is yet to come. As the CDP Water Disclosure project states, "Demand for water is projected to outstrip supply by a staggering 40 percent by 2030, and an estimated half the world's population are likely to live in areas of ...

Full article: http://www.greenbiz.com/news/2011/06/20/companies-falling...

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