Management of Water Resources by Corporate Companies – A Global Challenge
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 4
Abstract
Water is an essential element for life on earth. With increased business activity and companies targeting big markets to maximize economic activity there is a big threat to fresh water resources. In the globalization concept companies have started operating in transparency towards sustainable operations. The CEO Water Mandate’s Guide to Responsible Business Engagement with Water Policy set out principles for more understanding of the need for water conservation at global level. WWF defined water risk in three basic categories, all of which combine can give an overall picture- Physical risk, Regulatory risk and Reputation risk. Companies are working towards minimizing and conserving water resources to sustain operations. A number of initiatives were being taken up by corporate houses to mitigate the threat due to depleting water resources. Through 3R initiatives for water resource management-Reduce, Reuse, Recycle and monitoring of effluent discharge is being practiced towards achieving water stewardship. Corporate business is following Global Reporting Initiative Index (GRI) – standard in their disclosure with metrics like, source, consumption and recycling mechanism involved. The present communication throws light on various international initiatives and guidelines available to sensitize global companies on the issues of water conservation.
Authors and Affiliations
S. Ranganadhan
Keywords
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