Tomorrow is World Water Day , and in honor of that day, we want to recognize all that water does for us that…
Tomorrow is World Water Day , and in honor of that day, we want to recognize all that water does for us that we don’t usually see. Much of the world’s water is hard at work in the production and delivery of nearly all goods and services, from apples to zippers. And the amount of water needed to make products is only going to increase, with manufacturing expected to use 400 percent more water from 2000 to 2050.
Where is all of this water coming from? Do we have enough? And once it’s used, what happens to those gallons of water?
Increasingly, businesses are realizing they need better answers to these questions, both for their own operations and to be better stewards of this precious resource for citizens around the globe. We want to help answer these questions, and we think that data can play an important role in transforming the way big business uses water to create a more sustainable future. That’s why today, in partnership with Ecolab and Trucost, we launched the Water Risk Monetizer tool in New York City.
Businesses around the world understand that insufficient access to clean water can significantly disrupt business operations and growth. There’s also a wide appreciation for the growing amount of risk, as the UN predicts that global demand for water will outstrip our existing supply by 40 percent by 2040. And yet there is still a very real gap between this knowledge and deploying solutions. We suspect this is a data problem, and it needed a data-based solution – that’s the Water Risk Monetizer.
Water Risk Monetizer 2017
Free, global, and built on the Azure Cloud, the Water Risk Monetizer (WRM) is industry’s first publicly available water risk analysis and financial modeling tool that translates water scarcity risks into financial terms, and enables businesses to factor current and future water risks into decision making.
