Mark Hillsdon reports on how the growing need to protect a shared resource that is under critical threat is leading to innovative new partnerships
Sustainable management of the world’s water has become one of the most pressing global issues. Historically, the management of water has been poor and blighted by under-investment, which has left nearly half the world’s population living with only limited daily access to freshwater.
Issues such as climate change, population growth and rapid urbanisation mean that the pressure on already overstretched water resources is only going to increase, with the Organisation for Economic Co-operation and Development (OECD) estimating that at least $1 trillion needs to be spent globally on water management projects every year.
Speaking at the recent FT Water Summit in London, Heineken CEO Jean-François van Boxmeer warned: “Water is the resource that can lead much more quickly to violent conflict in the world than anything else ... for some reason, society as a whole has not always sensed the urgency around water.”
Corporates have woken up to the need of taking water seriously, perhaps more than governments
That is starting to change as droughts, floods and declining freshwater become the new norm. Many companies recognise that they need to...