Drought, flooding, and water-related regulations cost leading multinationals $14bn last year, according to a new report from CDP which argues many corporations are failing to do enough to address water risks. Released on the sidelines of the Marrakesh Summit, the report, entitled Thirsty business: Why water is vital to climate action, draws on water-related information disclosures provided to the NGO by leading multinationals. It found that disclosed water-related costs rose five-fold last year for the companies responding to CDP's information requests, soaring from $2.6bn to $14bn.The large increase was largely driven by one company, with Japanese power giant TEPCO reporting nearly $10bn was spent in the past financial year addressing groundwater pollution from the Daiichi nuclear power plant following the 2011 tsunami. But a host of other high profile multinationals also reported significant water-related costs.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/thirsty-business-why-water-vital-climate-action-2016-annual-report-corporate-water
[2] http://admin.indiaenvironmentportal.org.in/category/publisher/carbon-disclosure-project-cdp
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/water-management
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/water-resources
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/global
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/finance
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/water-supply
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/water-quality
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/water-policy
