Perspectives: From the Editor

Water Worries Aren’t Dampening

Latest CDP report underscores the continuing risks companies face

By Mark Rosenzweig, Editor in Chief

The Carbon Disclosure Project (CDP), London, has released its Global Water Report 2014. The CDP, which compiles the report on behalf of 573 investors with $60 trillion in assets, asked more than 2,200 companies around the world — double the number queried in 2013 — to provide information related to water. It received 1,064 responses, an increase of 79% from last year. The report focuses particularly on the inputs from firms on the Financial Times Global 500. The CDP sent requests for information to 302 of these companies, the ones in sectors highly vulnerable to challenges posed by water issues. A total of 174 (58%) of the firms responded. “Leading companies increasingly recognize that business-as-usual approaches to water management are no longer sufficient. A shift in practice is required if companies are to realize the true benefits of water stewardship, achieve business resilience and competitive advantage,” notes Paul Simpson, CEO of the CDP, in the report.

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