Are you ignoring the invisible risk in your business?
Last updated: 15th March 2022
Everyone needs water. Water sustains life. It creates growth and prosperity. It’s the lifeblood of all businesses.
Think for a second: how long could your business continue to operate without it?
The chances are, you’ve got about 30 minutes before your staff, your customers and your operations on any one site start grinding to a halt. Give it an hour and you’re in crisis management mode. Within a day, financial targets are impacted and within a week corporate reputation is at stake.
Now think for a minute: when was the last time you analysed your organisation’s water data? Do you know how much water your sites consume; how much it costs your business and how much it should cost?
If you’re not sure, you’re not alone. For most businesses, water plays second fiddle to gas and electricity. It’s comparatively cheap, it’s apparently readily available and there’s little consumer pressure to act.
However, the business risks are real, and stakeholders increasingly want to see action on water. The World Economic Forum’s Global Risk Report has ranked water crises among the top 5 risks in terms of impact for the last 10 years.
Water risk is a threat to companies’ bottom lines, with a combined business value at risk of US$425bn (CDP 2019 data). Beyond this, there are reputational risks and increasingly, regulatory risks with mandatory TCFD reporting coming into force from April 2022.
Waterscan knows that these risks can be balanced by opportunities. We work with many of the UK’s leading companies to build cohesive water efficiency strategies and help secure their sustainable futures. Water Matters is a series of top-level sector insight reports that are free to download.
Spare ten minutes to discover:
· Why water is the invisible risk in your business.
· How some companies in your sector are managing this risk.
· Where to start your journey to water sustainability.
N.B. The information contained in this entry is provided by the above supplier, and does not necessarily reflect the views and opinions of the publisher
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