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.
Gas Natural Fenosa
International Water Saver Environmental Services
Jain Irrigation Systems Ltd.
Kirin Holdings Co Ltd
Michela Cocchi Studio Legale
The Mosaic Company
Royal Bafokeng Platinum
Veragon Water Solutions
Join the Better Business Bureau of Metropolitan New York for their Forum on Corporate Responsibility on June 6, from 8:00am - 12:30pm ET at the Scandinavia House in New York, NY. Corporate responsibility leaders are engaging actively with a variety of audiences, including consumers, investors, employees, and others. Through these initiatives, businesses are seeking to inspire action and increase their impact against goals that can deliver value. We’ll be discussing how and why businesses are engaging these groups now, and considering the value of such efforts.