Global water shortages will ‘trigger’ social unrest, warns Nestle chairman
Global water shortages over the next twenty years will reduce cereal production by a third and "trigger" social unrest, Nestle chairman Peter Brabeck-Letmathe has claimed.
Speaking at the World Economic Forum in Davos, Switzerland, Mr Brabeck-Letmathe warned “water shortage would intensify competition between countries for access to water”.
In a bid to help tackle the issue, Mr Brabeck-Letmathe announced that the public-private initiative the 2030 Water Resources Group (WRG) is being “scaled-up”.
Launched in 2008 following a United Nations’ call for businesses and governments to address water security issues, the group provides guidance and new policy ideas on water resource scarcity.
As a result, Nestlé became a member of the group, working alongside other members such as McKinsey & Company and the World Bank Group. According to Mr Brabeck-Letmathe, the group will benefit from funding from the International Finance Corporation and the Swiss Agency for Development Corporation.
It will also receive support from the Inter-American Development Bank and other global companies.
© Faversham House Ltd 2023 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.
Please login or Register to leave a comment.