Businesses taking water efficiency more seriously
Water efficiency is rising up the corporate agenda after being ranked fifth by business leaders in their efforts to improve resource efficiency, according to exclusive research published yesterday.
Findings from the study, commissioned by Temple Group in association with edie and Sustainable Business magazine, indicate that while carbon, energy and waste receive more attention from businesses, water is becoming a higher priority.
Based on the responses of more than 400 businesses, the study shows that in the next few years, the number of businesses reporting on water consumed per unit of production will double from its 2012 baseline to 49%. Businesses reporting on water consumed per employee will also double, to 46%.
According to the study, Why are business leaders prioritising sustainability?, almost half (49%) of the survey respondents will be carrying out more detailed water footprint analysis by 2014.
The study suggests water is coming under increasing threat as supply outstrips demand and that recent temperamental weather patterns in the UK are making businesses realise that water is not a constant resource they can take for granted.
It also refers to global water scarcity and water use in agriculture as key drivers for raising the importance of water reporting.