This post is part of a series on World Water Week, an annual event designed to draw attention to and discuss global water issues. Read more posts in this series.
This piece was co-authored by Keith Liao, Senior Engineer with the AU Optronics Corporate Sustainability and Environment Department
Companies are increasingly feeling the financial impacts of water risks like shortages and pollution. Ceres’ most recent report, Clearing the Waters, highlights the fact that companies are falling short on identifying key areas where their operations are exposed to physical water risks. Mitigating these threats, then, requires doing more to assess, disclose, and address them.
In an effort to learn more about how companies can better understand and manage water risks, the World Resources Institute’s Aqueduct program recently partnered with AU Optronics (AUO) to assess water risks faced by the company’s fabrication plants around the world. Headquartered in Hsinchu, Taiwan, AUO is a leading manufacturer of electronic screens, otherwise known as thin-film transistor liquid crystal displays (TFT-LCDs). AUO makes up 17 percent of the world’s market share of TFT-LCDs and generated $12.5 billion in annual sales revenue in 2011.