Concern about water in the industrial sector has risen rapidly over the past decade. Companies globally are recognizing that water is an essential component in their business operations. Without sufficient water quantities or quality, companies are exposed to huge risks when it comes to growth and success in their competitive markets. This includes disruption of service, higher operating costs, and constraints to growth for many companies. In the current situation of our water crisis, many organizations are turning water stewardship to manage the challenges of balancing their water needs with the needs of communities and nature.
What is Water Stewardship?
Water stewardship is about businesses and organizations understanding the risks they face from water scarcity and pollution. This understanding helps companies to take appropriate measures to help ensure responsible use of
water that is economically, socially and environmentally sustainable. However, water stewardship goes beyond being an efficient water user. It also encompasses the private sector collaborating with governments, other businesses, NGOs, communities, and others to protect shared freshwater resources. It’s about taking responsibility for the needs of the global community.
Benefits of Water Stewardship
Establishing a water stewardship program, allows companies to understand all their water-related risks as an organization as well as the risk their use poses to the surround communities and natural resources. The risks include physical risk, which includes environmental hazards, reputational, how they are perceived in the larger picture, financial, the cost associated with all water use, treatment, and cleanup, or regulatory risks. Water stewardship is about implementing strategies that minimize those risks and promote the business’s long-term viability. Water stewardship helps companies make enormous contributions to solving the world’s water crises, achieving the Sustainable Development Goals set forth by the UN.
According to the CEO Water Mandate, by implementing water sustainability practices, companies can:
• Reduce costs – Stewardship pays for itself through efficiencies.
• Protect themselves from operational disruptions due to insufficient water supplies.
• Maintain and strengthen their license to operate.
• Gain competitive advantage and boost brand value.
• Assure investors that the business is viable for the long term.
• Drive improved productivity and talent recruitment.
Steps to becoming a better Water Steward
Most companies already know that water will likely affect business growth and profitability soon. From a production standpoint, water is key to the bottom line of most companies. For a vast majority, water is already driving businesses decision. Location and proximity to water sources are becoming more important considerations. Shareholders and investors have a growing interest in how companies are addressing water issues. Water is recognized as a material risk, and stewardship is critical to long-term business growth. The organization can take following actions to be better water stewards:
• Increase water awareness among the company
• Understanding the impact of their actions. How does the use of the business affect the ecosystems of the global community
• Better management of company’s internal actions. Water efficiency, pollution reduction, measuring and reporting, and internal water governance are all crucial elements of work.
• Supporting other water stakeholders with less access to the water resources.
• Should help in creating greater political support for progressive water legislation and implementation.
Companies realize that if they want to continue growth they must invest in advanced technologies that will buffer them from future water scarcity. Water reuse is on the forefront of implementation for many companies. Water treatment systems that can amplify processing by reuse and even initial processing of water sources at the least cost are in high demand. The Active Water Solutions (AWS) system has proven to be capable of such processing. Using proven biological methods which have low energy requirements as well as low initial and lifetime costs, the AWS system approach is well suited for a wide variety of both treat to discharge as well as treat to reuse applications.
Interested in learning more about Active Water Solutions systems for water treatment and reuse? Contact us today!