This month we’re looking at how clean water supplies are becoming integral to corporate success. We live in times of swift change, where urbanisation and population growth are ever increasing and because of this, there’s competition regarding water supply.
It used to be seen as a philanthropic act to provide access to WASH (water, sanitation and hygiene), but now it’s becoming integral for corporations to succeed.
So how does this affect business? A rather famous example came in 2014 when Indian authorities insisted that a Coca-Cola bottling plant must cease its work and close down. The plant was accused of extracting far too much ground water and there was the potential for a conflict in the local communities if it were to continue.
It’s thought that supply chain workers perform better with access to WASH, with a lower turnover, less sick days and a better quality of production. It’s not surprising with so much water competition in the world that Unilever announced that it’s been able to gain as a company for making WASH a run-of-the-mill standard.
In the most recent CDP water report, nearly 70% of businesses claimed that they felt water was a considerable risk for their business. It’s because of statistics like these that companies are attempting to investigate and manage their local community and widespread global impact.
But companies aren’t just making a local difference; Coca-Cola have invested around $1bn on developing wastewater treatment plants around the world—a substantial effort.
There’s still a long way to go though, with many agribusinesses that hire vast amounts of seasonal workers failing to have access to toilets. However, one thing is becoming increasingly clear, the environmental, local and corporate gains for providing WASH are only set to continue improving in the near future.
Partech’s ethos is to monitor water quality for environmental reasons as well as company efficiency—get in touch to find out more.