The CEO Water Mandate platform has announced a new industry-driven, CEO-led Water Resilience Coalition. Endorsing companies of the CEO Water Mandate (currently over 150) commit to action across six key elements and report annually on progress.
Working with CEO Water Mandate, the new Water Resilience Coalition, corporates AB InBev, Diageo, Dow Inc., Ecolab, Gap Inc., Microsoft, PVH Corp, The Coca-Cola Company, Heineken, Levi Strauss & Co., and Woolworths, have now pledged a new commitment to collective action and issued a call to action for other companies to join them.
This new coalition has been formed at the outset of the United Nations’ Decade of Action. The decade is “one where business ambition grounded in real, measurable commitments is needed to support the future of our planet,” said Lise Kingo, CEO and Executive Director of the United Nations Global Compact, in a press release. “This new Coalition does just that by calling on business leaders to commit to action and collectively work together to address the challenges in front of us.”
The Water Resilience Coalition cites that over the next decade the world will experience a shortfall in freshwater supply due to population growth and climate change, threatening ecosystems, communities, businesses and the global economy.
The Coalition will focus its work in building the resilience of water-stressed basins and will prioritise those that pose the greatest risk to local communities and economies, industry and long-term economic prosperity.
Companies joining the Water Resilience Coalition will have to sign a pledge to invest in their own operations and to work with supply chain partners and NGOs to accomplish three targets by 2050:
- Net Positive Water Impact, that is, contributing more to basin health than what is taken from it.
- Water Resilient Value Chain: Develop, implement and enable strategies to support leading impact-based water resilience.
- Global Leadership: Raise the ambition of water resilience through public and corporate outreach.