Exploring the Case for Corporate Context-Based Water Targets
Published: April 12, 2017
Authors: CDP, CEO Water Mandate (a project of the Pacific Institute and the UN Global Compact), The Nature Conservancy, World Resources Institute, and WWF
In this discussion paper, CDP, CEO Water Mandate (a project of the Pacific Institute and the UN Global Compact), The Nature Conservancy (TNC), World Resources Institute (WRI), and WWF call for a new approach for setting meaningful corporate water targets that take into account the unique local contexts of the basins in which companies operate.
Since water issues are primarily local, each basin has unique challenges that need to be considered when managing its water resources. Context-based metrics and targets recognize the particular challenges present in each basin, allowing for physical and social thresholds and tracking water use relative to basin thresholds and availability. In order to be effective, besides addressing site-specific concerns, context-based water metrics and targets should include input from local stakeholders, be informed by contextual social needs, make the best use of available science, and align with local and global public policy objectives.
This context-based approach is not only necessary for protecting water resources, it also offer business value. Such an approach would help drive corporate alignment with effective public policy water goals such as the Sustainable Development Goals.
View and download the full report here.