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Case Study: Aqueduct Informs Owens Corning Corporate Water Strategy

Owens Corning, a multinational building materials manufacturer, conducted a global geographic water risk assessment using WRI’s Aqueduct Water Risk Atlas. This assessment aims to identify which of Owens Corning’s manufacturing plants are located in areas facing water supply-related risks....

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Water

Water Risk to Business Is No Small Drip

At the World Economic Forum in Davos two weeks ago, I was struck by how often the issue of water risk was raised by business executives. As the global economic turmoil is receding, many CEOs and global leaders are turning to other threats—and water is high on the list. For the second year in a row, water crises were named among the top four global risks at the WEF.

It’s easy to see why. More than 1.2 billion people already face water scarcity. By 2025, two-thirds of the world population will experience water stress. That’s largely due to population increase and climate change, but also behavior patterns: Water use grew twice as fast as population growth in the 20th century. The “food-water-energy nexus” was one of the top four megatrends to watch in the recently released Global Trends 2030 report by the U.S. National Intelligence Council.

CEOs increasingly recognize that water is essential for their business models and economic growth. Disrupted availability of affordable, clean water leads to business interruptions, increased commodity costs, and reduced earnings. The extreme drought gripping much of the United States is likely to cost up to one percent of GDP, potentially making it the costliest natural disaster in U.S. history.

5 Sobering Realities about Global Water Security

Some people say that water is the oil of the 21st Century. If only water were that simple.

Water is very complicated. It’s affected by large-scale issues like climate change and globalization. International commerce moves virtual water (the water it takes to grow or produce a product) from farms in Brazil to grocery stores in China and Egypt.

But water is also inherently local, impacted by site-specific weather, geography, and other environmental and land use conditions. Managing and using water, then, requires understanding it in its full geographic context.

Today, WRI is launching its new Aqueduct mapping tool to do just that. Aqueduct provides businesses, governments, and other decision makers with the highest-resolution, most up-to-date data on water risk across the globe. Armed with this information, these decision-makers can better understand how water risk impacts them—and hopefully, take actions to improve water security.

5 Sobering Realities about Global Water Security

Some people say that water is the oil of the 21st Century. If only water were that simple.

Water is very complicated. It’s affected by large-scale issues like climate change and globalization. International commerce moves virtual water (the water it takes to grow or produce a product) from farms in Brazil to grocery stores in China and Egypt.

But water is also inherently local, impacted by site-specific weather, geography, and other environmental and land use conditions. Managing and using water, then, requires understanding it in its full geographic context.

Today, WRI is launching its new Aqueduct mapping tool to do just that. Aqueduct provides businesses, governments, and other decision makers with the highest-resolution, most up-to-date data on water risk across the globe. Armed with this information, these decision-makers can better understand how water risk impacts them—and hopefully, take actions to improve water security.

5 Sobering Realities about Global Water Security

Some people say that water is the oil of the 21st Century. If only water were that simple.

Water is very complicated. It’s affected by large-scale issues like climate change and globalization.

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