Sink or Swim
by China Water Risk 10 January, 2013
With the Handan ‘Cover Up’ fresh in everyone’s mind (see ‘Tapping In’ for more) we take a look at corporate action on water – are corporates serious or just paying lip service? Water stress tops the list in causing operational disruption in the recent CDP Water Report, yet KPMG says only three of the world’s 250 largest companies report on part of their supply chain’s water footprint. Are companies really on top of water risks? Bangladesh is a clear example of where supply chain risk is ‘sinking’ reputations. At first glance, there appears to be lots of water but in actual fact, Bangladesh faces seasonal water shortages of up to 40% in the dry season. What lessons can we learn? As investor focus on water risk rises, we talk to Marcus Norton, Head of Investor CDP and CDP Water, about progress and the stumbling blocks in measuring and disclosing such risks. On a lighter note, our team takes a closer look at our Christmas presents to see if we were weighed down by “Gangnam Style” and useless gifts which only serve to stuff landfills. We wish you a very happy new year!
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