Powerful tool helps explain water risk

Mar 24, 2014
Irrigation equipment pumps water over a corn field. Credit: Istockphoto.com / WWF-Canada

Water crises ranked third among 10 global risks of highest concern in 2014, according to the World Economic Forum's annual Global Risks Perception Survey. With water risk on the agenda of business and investors as never before, WWF unveils its updated Water Risk Filter.

The free online tool allows users to map production facilities, supply chains and commodities. The new version of the website includes data on more than 120 agricultural commodities – including cotton, palm oil and corn – making it the most sophisticated tool for tracking water risk exposure.

"What we're seeing with water is a real convergence of the business agenda and the conservation agenda," says Jochem Verberne, Head of Corporate Relations at WWF International. "Companies and investors are beginning to understand that their futures depend on a natural resource that is shared among many users. That creates business risk, and it creates incentive to be part of the solution. The Water Risk Filter can help."

The Water Risk Filter generates a score based on the physical, regulatory and reputational risk related to water in basins around the world. It also includes an extensive risk mitigation toolbox, allowing the user to reference relevant case studies demonstrating actions to improve water management.

Although now much more powerful, the Water Risk Filter remains too easy not to use. By simply inputting a facility location or a commodity and where it's grown, the user will receive information identifying risk hot spots. Once those locations have been identified, the user can review possible responses in the filter's mitigation toolbox.

Close to 50,000 individual facilities have been assessed by the Water Risk Filter since its original release. Over 1,500 different organizations have used the tool, including global fashion retailer H&M, which utilized the filter when creating a new water strategy for its entire value chain.

"The Water Risk Filter helped us see all the places where water touches our business, and create strategies to address raw material risks, support supplier factories and improve efficiency in our own stores and offices," says Felix Ockborn, Environmental Sustainability Coordinator for water at H&M. "The tool helped us see that working beyond our direct operations to promote sustainable water management is in the best interest of our business."

Explore further: Quantifying global supply chain risks due to climate change

add to favorites email to friend print save as pdf

Related Stories

Quantifying global supply chain risks due to climate change

Feb 26, 2014

Climate indicators and country risk ratings developed by the University of Notre Dame Global Adaptation Index (ND-GAIN) will be instrumental in a new partnership announced Tuesday (Feb. 25) whose goal is to develop the Climate ...

Innovative online tool to drive sustainable water use

Sep 03, 2013

Water Footprint Network, the leading global authority on Water Footprint Assessment, is to launch the world's first online tool to calculate and map water footprints, and assess their sustainability. The Water Footprint Assessment ...

Herbal defluoridation of drinking water

Mar 05, 2013

Researchers in India have developed a filter system based on a medicinal herb, which they say can quickly and easily remove "fluoride" from drinking water. The technology described in the March issue of the International Jo ...

Older filters, fresher water

Nov 26, 2007

Scientists in Australia have discovered that the older the water filter the better when it comes to reducing the off-putting earthy taste of some tap water. Writing in the Inderscience publication International Journal of ...

Graphene's love affair with water

Feb 13, 2014

Graphene has proven itself as a wonder material with a vast range of unique properties. Among the least-known marvels of graphene is its strange love affair with water.

Recommended for you

User comments : 0