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UN Global Compact - Belgium Solutions for Sustainable Water Use Thursday 24 February 2011.

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Presentation on theme: "UN Global Compact - Belgium Solutions for Sustainable Water Use Thursday 24 February 2011."— Presentation transcript:

1 UN Global Compact - Belgium Solutions for Sustainable Water Use Thursday 24 February 2011

2 Agenda  Introduction  Business risks  Why is it so hard for corporations to communicate transparently on their water consumption?  Possible solution… 24/02/20112 UN Global Compact – Solutions for Sustainable Water Use

3 Business risks 24/02/20113 UN Global Compact – Solutions for Sustainable Water Use  Operational risk Changes in the quantity and the quality of the water sources  Financial risk Increase in water tariffs and pricing mechanisms, cost inflation of water and energy as a result of increasing water scarcity  Regulatory risk Current and expected national and international policies that could burden water users  Reputational risk Arising from abuse of abstraction rights or the pollution of the groundwater sources

4 Why is it difficult to report transparently? 24/02/20114 UN Global Compact – Solutions for Sustainable Water Use Mainly for 2 reasons : 1.Water is a local as well as a global issue 2.The source and the use of water makes a big difference Consequence : Poor scores on water disclosures Source: CERES, Murky Waters, Corporate Reporting on water risks

5 Why is it difficult to report transparently? 24/02/20115 UN Global Compact – Solutions for Sustainable Water Use Source: CERES, Murky Waters, Corporate Reporting on water risks

6 Why is it difficult to report transparently? 24/02/20116 UN Global Compact – Solutions for Sustainable Water Use Source: CERES, Murky Waters, Corporate Reporting on water risks  What is currently being reported in sustainability reports on water?

7 Possible solution 24/02/20117 UN Global Compact – Solutions for Sustainable Water Use  Increased collaboration with regulators or agreements within the beverage sector on disclosures could lead to setting up a globalized strategy towards a more sustainable management of water resources. Results? 1.Increased credibility towards stakeholders 2.Enhanced comparability of actual performance 3.Improved water management

8 Questions? 24/02/20118 UN Global Compact – Solutions for Sustainable Water Use Thank you


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