September 29, 2016 admin
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This paper looks at water resources and usage within the concepts of water security, water risk management and the water footprint from a quarrying industry perspective. Awareness within the industry is reviewed from water footprint data disclosed by some of the main extractive industry companies and consideration is given as to how a more holistic approach might create useful insights into strategic planning and have an influence within operational water management.
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The white paper highlights the danger of considering water and carbon footprints in isolation as increasing demand for water places pressure on energy usage. It includes case histories by major companies including Nestlé, Baxter Healthcare, Boots UK, C&A, CLS Holdings, Nokia, Tata Cleantech Capital, Tata Steel and Crown Paints
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This paper looks at a number of tools that are being developed by organisations such as CERES, WRI, WWF. They are designed to assist companies and investors to identify, understand and put appropriate context to business risk related to water scarcity and climate change, from which risk management and business opportunity strategies can be developed.
Using publically available information on each tool, the type of data collection and data analysis is explored to ascertain the level of expertise required to ensure that any subsequent business decisions related to water security are based on sound and expert judgement. Fundamentally there needs to be some assurance that risk and subsequent actions are neither grossly underestimated nor overestimated.
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The paper discusses the challenges of water scarcity and the way businesses can respond through the role of the water footprint. Key to its development is understanding the data requirements and then how best to use it to measure performance. The article also sets out a suggested step by step approach to measure water usage and develop an accurate understanding of risk through direct operations and within the supply chain. This will in turn enable future targets and goals to be set towards a more sustainable and resilient operation, thereby maintaining business continuity, social licence to operate and brand value.
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Published in Food Science & Technology,(2012) .vol. 26 (1), pp.38-41. FS&T is the quarterly information journal of the UK’s Institute of Food Science and Technology (www.ifst.org). Written in association with Two Tomorrows Group (www.twotomorrows.com).
To find out more about the water footprint in your business please contact Chris White.
