Water Scarcity: What Does it Mean for Your Business and Your Community?
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Transcript of Water Scarcity: What Does it Mean for Your Business and Your Community?
Breakout Session| Water Scarcity: What does it mean for your business and your community?Moderator: Stephen Donofrio, Teaching Fellow, Boston College Center for Corporate Citizenship
Jonathan Radtke, Water Sustainability Program Director, The Coca-Cola Company
Jamie K. Mackay, Director of Global Environmental Compliance & Sustainability, Alcoa
Christina Copeland, Manager, Disclosure Services, CDP
About CDPA not-for-profit that has pioneered and provides the only global natural capital disclosure system for companies and cities to measure, manage and share vital environmental information.
What we do Work with investors Climate change program Water program Supply chain program Forests program Cities program Work with governments &
policymakers
To catalyze action to improve water security.
- Vision, CDP’s water program
Investors have woken up to water risk
Acting to improve water security remains a business imperative for many
Two thirds of respondents report exposure to substantive business risks from water.
44% anticipate these water risks to materialise in the next three years. More than a quarter (27%) were negatively impacted in the reporting
period with financial impacts totalling more than US$2.5 billion. Barely a quarter (26%) undertake comprehensive water risk
assessments that factor in river basin issues such as regulatory changes or stakeholder conflicts
73% of respondents report that water offers operational, strategic, or market opportunities.
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At Alcoa, Our Vision Drives Developing Innovative Environmental Technologies
Source: Alcoa.com/sustainability, Alcoa Sustainability Report 2014
Mean Annual Relative Water Stress Index (WSI) (Source: UNH, 2000)
No Data Scarce Stress Medium Low
>1.0 0.4-1.0 0.2-0.4 <0.2
Mean Annual Relative Water Stress Index - Indicator based on the ratio of human water use (sum of domestic, industrial and agricultural, in km3 per year) to renewable water resources (Q) for 1995 (in km3 per year) at 30 minute (latitude by longitude) resolution. A ratio of 0.4 or greater indicates conditions of water stress.
Alcoa global manufacturing locations2013
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Source: Alcoa.com and Alcoa intranet
Water Management & Initiatives at Alcoa
Coca-Cola’s Water Strategy
Detailed plant-level quantitative risk assessment
“We work to safely return to nature and communities an amount of water equivalent to what we use in our beverages and their production”
Coca-Cola’s Water Stewardship Goal – “Water Neutrality”
Replenish Project Examples