It is easy to take water for granted, but a new report makes the case that it is behind an increasing number of risks businesses face and dealing with them goes beyond the traditional focus on conservation.
The “CDP Global Water Report 2013,” released on Thursday, purports that “a misguided approach to water-related risk management has become business as usual at the world’s largest global companies.” Corporate focus is too often directed at reducing water use, an inadequate response to substantive water risks that ultimately threaten shareholder value. These risks include business interruption due to inadequate public infrastructure, supply chain disruption due to water scarcity, and reputational damage.
