”The think tank CDP released its latest global water report for 2016 at the UN’s COP 22 Climate Change meeting in Marrakesh, Morocco which took place this week. The report highlights how companies are managing water risks as the global climate changes and is seen as critical in meeting climate change targets now the Paris Agreement has entered into force. The data for the report is provided by 607 companies in response to CDP’s request for information made on behalf of 643 institutional investors with US$67 trillion in assets. CDP said that water could make – or break – global efforts to implement the Paris Agreement as companies will need to get a handle on water management in order to achieve their climate goals. Analysis reveals one in four (24%) greenhouse gas (GHG) emissions reduction activities reported by companies depend on a stable supply of water. However, better management of water could enable companies to reduce their carbon emissions. More than half of companies said more efficient use of water has led to lower GHG emissions. However, the report shows that company progress has stalled when compared with annual trends. For example 61% of companies say they track their water use – just 3% more than did last year. While companies have made progress on transparency – 2016 saw the largest response yet to CDP’s annual request for investment-relevant information on water – over half (677) of the companies asked to disclose by investors failed to do so. For the second year in a row, CDP and sustainability firm South Pole Group scored companies on their environmental management and governance of water and published CDP’s Water A List – an index of companies who are judged to be following best practice in the field of sustainable water management,” skriver Manifest.
