Water security – access to a reliable supply of sufficient amounts of good quality freshwater – is fundamental to achieving our low carbon ambitions. Without improved water resources management, the transition to a low carbon future, and achievement of the UN’s 2030 Sustainable Development Goals will be jeopardized.
At the same time, climate change is expected to have direct negative impacts on the availability and quality of freshwater resources. Both situations will have spillover effects not only for global populations, but for business continuity and growth.
The Business Alliance for Water and Climate (BAFWAC), a partnership among the UN Global Compact’s CEO Water Mandate, CDP, SUEZ and WBCSD, has set out a program of actions for companies who wish to demonstrate their commitment to being responsible water stewards. It is supported by UNFCCC and was launched on December 2nd during the Resilience Day of the Lima-Paris Action Agenda.
What are the benefits?
Companies have the opportunity to be at the forefront of an important movement within the sphere of corporate responsibility. Early action and leadership will be beneficial to companies’ bottom lines, as well as the communities and environmental systems upon which they depend and impact. Adopting this commitment will promote their work to institutional investors whilst giving these important stakeholders confidence that the company understands the risks, is taking effective action, and increasing business resilience.
What is expected of companies that make this commitment?
Companies making this commitment are agreeing to carry out the following actions:
Finalizing a commitment:
To finalize this commitment, companies are asked to confirm via email and provide a high-resolution version of their logo to be added to the BAFWAC website.
Cementos Argos SA
Coca-Cola FEMSA SAB de CV
Colgate Palmolive Company
Exergy Systems, Inc.
Ford Motor Company
FUJIFILM Holdings Corporation
Geo-Tech Consultancy Services
Go Green Auto Care
International Water Saver Environmental Services
Jain Irrigation Systems Ltd.
Kirin Holdings Co Ltd
Michela Cocchi Studio Legale
The Mosaic Company
Naturgy Energy Group SA
NeoTech Aqua Solutions, Inc.
REPSA - Reforestadora de Palma de El PetA
Royal Bafokeng Platinum
Stevy Worah Ozimo Youth Sports Academy
The Hong Kong & Shanghai Hotels, Ltd.
Veragon Water Solutions
Villavicencio North American Trade Company
Two-day virtual event series taking place on 5th and 6th October. This live event series will give you the opportunity to network with policy-makers, business leaders and international experts while participating in high-level panel discussions on the political realities of climate diplomacy business, mitigation of and adaptation to climate risk and innovative solutions for and finance. Emily Kreps, Global Director of Capital Markets at CDP, is amongst the confirmed speakers.