Davos, Switzerland, May 23, 2022 (GLOBE NEWSWIRE) — The Water Resilience Coalition, an industry-led, CEO-led initiative that aims to put water stress at the top of business priorities and preserve global resources by freshwater, today announced its business-led 2030 strategy to increase global water resilience through collective action. By 2030, the strategy aims to achieve a quantifiable positive water impact in 100 water-stressed basins, contributing to water security for 3 billion people. The plan also commits by 2030 to enabling equitable access to water, sanitation and hygiene (WASH) for more than 300 million people.
The Water Resilience Coalition is part of the CEO Water Mandate, a partnership between the United Nations Global Compact and the Pacific Institute. The Coalition includes companies such as Ecolab, Microsoft, Starbucks, GSK, Danone, Gap Inc. and ABInBev, as well as partners such as WaterAid, water.org, UNICEF.
The Coalition’s 2030 strategy will be achieved through scalable collective action projects, which unite businesses, NGOs and the public sector to take local action on water, leveraging the unique knowledge and capabilities of member companies, and developing innovative financing mechanisms. The strategy announced today calls on Coalition companies to rapidly expand collective action on water, launching collective action in 100 basins by 2025 and fully scaling this work by 2030 Water Resilience Coalition member companies are currently engaged in 12 co-funded collective water action projects in 11 priority basins. These projects increase water resilience through investments in nature-based solutions, regenerative agriculture, wastewater recycling, water reuse and other resilient approaches.
Under the strategy announced today, Water Resilience Coalition companies commit to achieving a net positive water impact (NPWI) by 2050. Launched by the Coalition in 2020 as part of the he SDG ambition of the United Nations Global Compact, the NPWI is a global framework for quantifying how companies are ensuring that their contributions outweigh their impacts on water stress in the same region. Achieving the NPWI contributes to reducing water stress measured by water availability, water quality and water accessibility.
More than 2 billion people currently live in water-stressed regions, more than 2.2 billion lack access to safe drinking water, and a global water deficit of 56% is projected by 2030. According to United Nations, we must quadruple the speed of action to achieve our overall goal. water goals.
Speaking at the launch event, Sanda Ojiambo, Under-Secretary-General and CEO of the UN Global Compact, said:
“Public and private actors have begun to recognize that solving global water problems is not a solitary endeavor. This awareness has led to increased interest in taking coordinated collective action. This Global Water Resilience Collective Action Strategy is a crucial first step in ensuring that we work together to achieve more sustainable water management.
“With a growing critical mass of the corporate sector on board, the Water Resilience Coalition is poised to be a game-changer for water action in the context of climate change,” said Jason Morrison, President of the Pacific Institute. and head of the CEO Water Mandate.
The Water Resilience Coalition also announced today its goal to grow its membership to 150 companies by 2030. The Coalition has nearly quadrupled its membership since its inception by seven companies in 2020.
“The use, storage and distribution of water around the world, including the lack of wastewater treatment, contributes 10% of global greenhouse gases. Industry can no longer ignore the vital link between water and climate,” said Christophe Beck, President and CEO of Ecolab. “Water scarcity is a potential risk to all businesses and clean, safe drinking water should be available to all on the planet. Prioritizing smart water management, responsible water stewardship and a commitment to collective action begins within our operations and extends through our vast network of customers. As founders and active members of the Water Resilience Coalition, we will continue to demonstrate that companies can accelerate their growth while prioritizing superior water stewardship and the health of people and the planet.
Water Resilience Coalition member companies include 3M, ABInBev, Cargill, Diageo, Dow, Ecolab, Gap Inc., Kurita, Microsoft, PVH, Starbucks, Bayer, Braskem, The Coca-Cola Company, Colgate, Cummins, Danone, Dupont , GSK, HEINEKEN, IHG Hotels & Resorts, Levi Strauss & Co., MARS, Reckitt, Phosagro and Woolworths.
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About the Water Resilience Coalition
The Water Resilience Coalition is an industry-led initiative led by the CEO of the United Nations Global Compact CEO Water Mandate that aims to elevate the growing long-term crisis of global water stress to the top of the corporate agenda and to preserve the world’s fresh water. resources through collective actions in water-stressed basins and ambitious and quantifiable commitments. For more information, visit our website at www.ceowatermandate.org/resilience.
About the United Nations Global Compact
As a special initiative of the UN Secretary-General, the UN Global Compact is a call for businesses around the world to align their operations and strategies with the ten principles in the areas of human rights , labour, the environment and the fight against corruption. Our ambition is to accelerate and scale collective global business impact by upholding the Ten Principles and achieving the Sustainable Development Goals through responsible businesses and ecosystems that enable change. With over 13,000 business and 3,000 non-commercial signatories based in more than 160 countries and 69 local networks, the United Nations Global Compact is the world’s largest corporate sustainability initiative – a Global Compact uniting businesses for a better world. For more information, follow @globalcompact on social media and visit our website at unglobalcompact.org.
About the CEO Water Mandate
The CEO Water Mandate is a partnership between the United Nations Global Compact and the Pacific Institute that mobilizes business leaders on water, sanitation and the Sustainable Development Goals for corporate water management. Mandate endorsers commit to continued progress against six foundational elements (Direct Operations, Supply Chain and Watershed Management, Collective Action, Public Policy, Community Engagement, and Transparency) and, in doing so, include and manage their own water risks. Established in 2007 and implemented in partnership with the Pacific Institute, the mandate was created from the recognition that global water challenges create risks for a wide range of industrial sectors, the public sector, local communities and ecosystems. For more information, follow @H2O_stewards on Twitter or visit ceowatermandate.org.
About the Pacific Institute
Founded in 1987, the Pacific Institute is a global water think tank that combines science-based thought leadership with active advocacy to influence local, national and international efforts in developing sustainable water policies. water. From working with Fortune 500 companies to disenfranchised communities, our mission is to create and advance solutions to the world’s most pressing water challenges. Since 2009, the Pacific Institute has also acted as co-secretariat of the CEO Water Mandate of the United Nations Global Compact, a global engagement platform that mobilizes a critical mass of business leaders to address global water challenges. through corporate water stewardship. For more information, follow @PacificInstitut on Twitter and visit our website at www.pacinst.org.