Waterscan has become the UK’s only accredited water consultancy partner to CDP in a move which addresses the growing importance and complexity of reporting on water.
CDP is a not-for-profit charity whose work over the last two decades has resulted in unparalleled engagement on environmental issues worldwide. Primarily, this is achieved through its global environmental disclosure system which has driven action on climate change, forest and water security for nearly 10,000 businesses. 106 companies made CDP’s water security A list in 2020, including: Anheuser Busch InBev, AstraZeneca, Colgate Palmolive, Diageo, General Mills, GlaxoSmithKline, Mondi and Unilever.
CDP’s robust partner accreditation process is designed to ensure that companies can be assured about the quality of the service they will receive. Paul Robins, CDP Head of Partnerships commented: “It is our pleasure to welcome Waterscan on board as our accredited water consultancy provider in the UK. With over 25 years of experience in the water industry and services covering the full range of water management, we are confident its services will be of great value to companies looking to improve their water stewardship.”
Disclosure is regarded by investors and other stakeholders as the critical first step towards positive action on the environment. There is, therefore, a growing demand for companies to report on their performance annually using a robust scheme such as CDP Several Waterscan customers, including Coca-Cola European Partners, Morrison’s, Sainsbury’s and Whitbread, already disclose on water.
Carbon emissions and waste tends to be prioritised when setting corporate social responsibility agendas. However, in the UK, businesses consume a staggering 30% of all available water. Consequently, water is becoming an increasingly important business risk that investors and regulators want to see addressed through CDP disclosure.
There are specific challenges around this though, as Anastasia Sousanoglou, Waterscan’s Water Strategy Manager explains. “We know that many leading organisations are well used to disclosing on carbon, but water reporting is very different because there are more variables to consider. A tonne of carbon has the same impact no matter where on the planet it is emitted, but the environmental impact of consuming a cubic meter of water can vary dramatically. Consider, for example, water use at a time and in an area with full reservoirs and low demand versus the same consumption in a water scarce area in the middle of a drought,” she said.
“It’s specialised and requires a unique data set, which is why relatively few companies disclose their water footprint and performance. At the same time, accountability and action on water has never been so critical. Our accreditation by CDP, along with our unrivalled experience, insight and intelligent data mapping, will help UK businesses accelerate their journey towards environmental leadership.”
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