Ecolab has published the results of a survey conducted to understand the measures companies are putting in place to enhance water management.
The survey was conducted in partnership with Greenbiz and participants included some 86 companies with revenues of at least $1 billion.
The findings of the survey include:
A growing sense of urgency about water scarcity as a business risk. 59% agreed that it is a growing business risk
- 74% of the companies surveyed say water is an increasing priority
- 46% of companies do not have a plan to achieve water reduction targets. 56% are using smart technology to monitor their water use and savings.
- 88% said they would take active steps to manage water use in the next three years
- 75% of companies said that water reduction targets are set by corporate sustainability teams, but only 64% feel that they are appropriately engaging their facility teams, down 5% from 2017.
Ecolab and Greenbiz urge operational managers of companies to be fully engaged in water management initiatives to bridge the gap between corporate goals and real results.
Emilio Tenuta, Ecolab vice president of Corporate Sustainability, said: “Saving water is the smart play for the future.
“Companies can reduce costs and save energy, and become more resilient to water scarcity and climate change.”
The survey was conducted in February and March 2019 following the release of a report by the UN projecting that the world will face a 40% freshwater shortfall by 2030 if nothing changes.
Corporate water users consume more than 40% of all water used in industrialised economies and an increasing share in developing nations.