Collective action is needed to address water scarcity
Deloitte clients, in both the private and public sectors, face potential risks to business continuity and economic growth because of water scarcity driven by increased demands for water.
An important, emerging approach to address current and future water risks is collective action among private enterprise, the public sector, nongovernmental organizations (NGOs), and the civil sector. Collective action initiatives include community engagement, supply chain and watershed management, and public policy initiatives.
During the past year, Deloitte's water stewardship specialists worked with clients in industries such as retail, consumer goods, and life sciences to perform water footprinting practices, conduct water risk assessments relative to operations and supply chains, evaluate potential business value at risk and develop stewardship strategies in concert with local stakeholders.
DTTL and Deloitte U.S. have also helped catalyze business action by sponsoring and writing the Global 500 and S&P 500 reports for the CDP Water Disclosure global project and contributing to the development of the CEO Water Mandate Water Action Hub.