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The Carbon Disclosure Project (CDP) has launched its first report on the impact of water constraints on the world’s largest corporations.
The CDP’s Water Disclosure programme shows that water security is already high on the corporate agenda, with two-thirds of respondents reporting responsibility for water-related issues at the board or executive committee level. The majority of companies (89 per cent) have already developed specific water policies, strategies and plans, and 60 per cent have set water-related performance targets.
Only just over half of companies, however, are able to identify whether they are exposed to water risks in their supply chains.
Nearly 150 companies reported to the CDP out of the 302 approached, all members of the world’s 500 largest companies. The information was requested on behalf of 137 institutional investors representing US$16 trillion in assets to increase transparency and accountability on water scarcity and other water related issues
‘The strong response rate in this inaugural year is indicative of the high level of importance being placed on water by global corporations,’ the CDP said.
The CDP’s Water Disclosure programme shows that water security is already high on the corporate agenda, with two-thirds of respondents reporting responsibility for water-related issues at the board or executive committee level. The majority of companies (89 per cent) have already developed specific water policies, strategies and plans, and 60 per cent have set water-related performance targets.
Only just over half of companies, however, are able to identify whether they are exposed to water risks in their supply chains.
Nearly 150 companies reported to the CDP out of the 302 approached, all members of the world’s 500 largest companies. The information was requested on behalf of 137 institutional investors representing US$16 trillion in assets to increase transparency and accountability on water scarcity and other water related issues
‘The strong response rate in this inaugural year is indicative of the high level of importance being placed on water by global corporations,’ the CDP said.
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