A carbon-constrained world is a new reality for organisations and companies. Emissions regulations are changing and stakeholders are increasingly pressuring management on environmental performance. Meanwhile, opportunities for competitive differentiation are emerging, energy and other input costs are rising, new risks from climate change are increasing and carbon markets are evolving.
Businesses recognize the climate change issue as a serious societal problem. To take their part in the solution, they need to act in a responsible and responsive manner implying:
- to be seen as doing what they reasonably can to combat climate change
- to be innovative as their business models will be challenged,
- to anticipate the regulatory risks, directly or indirectly
- to respond to owner and stakeholder pressures.
During the 20th century the demand for water multiplied by six, while the world’s population doubled. It is evident that water scarcity is a global issue for which we are responsible.
Water management should be on the corporate agenda, just like your carbon footprint. Businesses are beginning to realize this, and by being a first mover you will set a good example, but it may also give you a competitive edge. Responsible water management means mitigating water risks while meeting stakeholder demands to sustainable business.