By Pacific Institute Staff
Companies around the world increasingly recognize that the world’s water challenges pose significant risks to communities, ecosystems, and their own operations. They also acknowledge that they have an important role to play in advancing water security by managing their water use and wastewater discharge, engaging in collective action and responsible water governance discussions, and contributing to increased access to water, sanitation, and hygiene.
Corporate water stewardship is an approach that allows companies to identify and manage water-related business risks, understand and mitigate their adverse impacts on ecosystems and communities, and contribute to more sustainable management of shared freshwater resources. Stewardship is rooted in the concept that robust and effective public water governance is critical to the long-term business viability of water-intensive industries and that companies can play a role in achieving this end.
Through its water stewardship projects, the Pacific Institute strives to encourage companies around the world to take meaningful water stewardship action, providing resources for companies at various points in their water stewardship journeys. Through its water stewardship projects and work with the UN Global Compact’s CEO Water Mandate, the Pacific Institute encourages companies around the world to commit to water stewardship action.