WBCSD Report Demonstrates Why and How Companies can Integrate True Water Values and Costs into Decision-Making
Water Valuation – Building the Business Case is a report by the World Business Council for Sustainable Development (WBCSD) and reviews more than twenty business case studies. It reveals that while companies both impact and depend upon water – they can also play a positive role in managing its sustainable use.
While water availability is becoming increasingly limited, the demand and the risks for businesses are also increasing. The report states that by looking at the value of the water used and by understanding the impacts and dependency they have on the resource, businesses can better inform management actions and limit wasteful practices. With some industries predicted to increase their water demand up to 400% by 2050 the environmental, social as well as economic implications must begin to be taken into account as well.
The case studies show how undertaking water-related valuation will provide better data and understanding to inform better decisions on option appraisals, water use efficiency, water allocation and shared value, pricing for water usage, water services and products, damage and compensation assessments, sustainable financing options, conservation actions and offsetting and reporting performance. These in turn will result in enhanced decision-making, maintained and enhanced revenues, reduced costs, well managed risks, and enhanced reputation.
All businesses depend and impact on water in some way, either directly or indirectly. Read the report to learn how businesses conducted water valuations and the results it provided in terms of increased demands, dwindling supply, clean and safe water investments, climate change and other applications in decision-making.