Water concerns are becoming more and more globally integrated and complex, and many corporations are now seeking out cooperative partnerships to help mitigate the increasing threat of water risks.
Here’s an example: Just last week, The Coca-Cola Company and The Nature Conservancy announced the release of a water footprint report, entitled Product Water Footprint Assessments: Practical Application in Corporate Water Stewardship. Released in conjunction with World Water Week in Stockholm, Sweden, this report details three pilot studies that were conducted on Coca-Cola products and ingredients.
Water footprint assessments like this one provide valuable insights into water use throughout the supply chain, including both direct and indirect water use and the impacts of use on local watersheds and communities. Those insights can then open new opportunities for companies to enhance their water stewardship, while mitigating the risks associated with water scarcity.
For instance, in this particular study, Coca-Cola and the Conservancy found that the largest portion of the product water footprints assessed in the pilot studies comes from the field –not the factory.
“We see significant opportunity to engage more directly with our agricultural suppliers to advance sustainable water use for the cultivation of ingredients in our supply chain,” Denise Knight, Water and Sustainable Agriculture Director, The Coca-Cola Company, said in a press release. “Our initial efforts will focus on the sustainable sourcing of sugarcane, oranges and corn.”
Water footprints typically identify three types of water: (more…)