The private sector is starting to feel the pain of the global water crisis. Last year, the World Economic Forum ranked water crises as the most damaging short-term risk, and this year, as the top global risk to industry and society over the next decade. In 2015 alone, 27 percent of companies disclosing to CDP Water reported detrimental water-related business impacts, including loss of revenue, increased capital expenditure, and decreasing profits, to name a few.
At the Paris climate summit in December, 114 multinational companies joined together in committing to use the best science as the basis for setting greenhouse gas emissions reduction targets. Targets informed by science might well be effective in reducing risks posed by water as well. Read more