Companies are realizing that managing water within their four walls is insufficient. Only coordinated, collective action can protect water resources and mitigate long-term business risks.
With the changing global climate, river flooding in cities worldwide has emerged as an immense challenge to urban resilience.
Since average global temperatures are already rising and the effects of climate change are becoming increasingly palpable around the world, cities need to focus on adaptation measures in order to strengthen their resiliency and better protect billions of global urbanites.
New analysis shows that approximately 21 million people worldwide could be affected by river floods on average each year, with that number rising to 54 million in 2030 due to climate change and socio-economic development.
India is one of the most water-challenged countries in the world, from its deepest aquifers to its largest rivers.
The India Water Tool 2.0 is the most comprehensive, publicly available online tool evaluating India’s water risks.
This technical note describes the specifics of the indicator data and calculations underpinning the India Water Tool 2.0 (IWT).
The IWT 2.0 allows companies, government agencies, and other users identify their water risks, prioritize their water management actions, plan for sustainable...
As world leaders deal with climate change, aim to lift more people out of poverty, and make the world a more sustainable, prosperous place in 2015, here are the top Stories to Watch, according to WRI’s experts and as presented by WRI President and CEO Andrew Steer on January 8.
Creating a Sustainable Food Future, Installment Eight
Installment 8 of Creating a Sustainable Food Future explores the potential to improve water management in rice production in order to reduce agricultural...
In fast-urbanizing China, nearly 90 percent of coastal cities face some degree of water scarcity and roughly 300 million rural residents lack access to clean water.
To quench the country’s chronic thirst, the Chinese government has turned to desalination, aiming to produce as much as 3 million cubic meters of desalinated water daily by 2020, up from today’s 0.77 million cubic meter.
Bloomberg incorporated data from WRI's Aqueduct water risk platform into its mapping tool; MSCI began using Aqueduct to measure risks for utilities and oil, gas and chemical companies; and the Sustainability Accounting Standards Board recommended that companies use Aqueduct to measure water stress. IKEA and GDF Suez used Aqueduct information in their in-house risk analyses.
Water risks like stress and variable supply threaten everything from agriculture to industry to energy production. Already, 69 countries and one-quarter of the world’s cropland face high water stress. These challenges will likely become more severe as competition for water increases and climate change shifts precipitation patterns.
The World Economic Forum identified global water crises as one of the top five global risks for businesses. Without tools to evaluate these risks and inform management plans, businesses’ bottom lines will suffer.
Aqueduct provides the most up-to-date water risk data and analysis for countries and water basins around the world. This year, private sector investment analysis tools began incorporating Aqueduct data, while leading businesses and banks used the tool to identify risks and set efficiency targets.
WRI worked with Bloomberg to incorporate Aqueduct information into its mapping tool, while MSCI, a leading provider of investment decision support tools, began using Aqueduct data to measure risks across hundreds of utilities and oil, gas and chemical companies. The Sustainability Accounting Standards Board (SASB), a non-profit organization that helps corporations disclose information to investors, recommended that public companies use Aqueduct to measure water stress. And major corporations like IKEA, the world’s largest furniture retailer, and GDF Suez, a multinational electric utility company, have used Aqueduct information in their in-house risk analyses.
With private sector investment analysis tools now incorporating Aqueduct data, WRI is helping to make water risk analyses more mainstream. Bloomberg has more than 320,000 users around the world, MSCI has more than 6,000 clients, and SASB works with hundreds of businesses every year.
These businesses, banks and investors now have the analysis they need to help mitigate water risks and improve their own water management — which will benefit the planet and their own bottom lines. IKEA is now targeting its water-efficiency projects in its stores and distribution centers in highly water-stressed areas.