In this edition of KPMG's Sustainable Insight we explore how the world's major businesses are setting out their approaches to water scarcity via their key communication vehicles on corporate responsibility (CR) and sustainability. We investigate what they are reporting on and – sometimes more importantly – what they are not reporting on, and we draw out significant variances between sectors and geographic regions.
Water scarcity has risen to the top of the corporate agenda over the past few years. In the face of dire predictions about dwindling supplies, a growing number of businesses are taking measures to become better stewards of this vital resource.
KPMG’s research found that most companies are at least paying lip service to the issue in their reports. Three quarters of the world’s largest 250 companies (G250) acknowledge water scarcity in their corporate responsibility (CR) reporting.
However, far fewer are presenting a convincing picture of a thorough and robust response to the challenge. Less than half of the G250 include long-term strategies for tackling the challenge of water scarcity in their CR reporting.
This publication explains what best practice looks like; how – and why – companies should improve their response to water scarcity; and how they can communicate that response more effectively to stakeholders.
We conclude with ten key questions designed to help you develop and communicate strategic responses to the water scarcity challenge.