The World Business Council for Sustainable Development (WBCSD) launched a new publication on October 29, 2012 that demonstrates the business case for companies to engage in water valuation. Water Valuation: Building the business case paves the way towards the integration of true water values and true water costs into decision-making.
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Water Valuation: Building the business case reviews the different internal and external drivers for companies to value water. It also details the different arguments for companies to engage in valuation and highlights the different applications for water valuation in business decision-making. It is based on a review of 21 business case studies that illustrate why and how different companies have carried out valuation studies.
"I deeply believe that progressive businesses need to look at their externalities so as to understand and manage their impacts and dependencies on natural resources, and the way these interact with societies and economies.” says Peter Bakker, President, WBCSD. "I strongly encourage all companies to start tackling this issue, accounting for the real value of the water they are using, and to do it now, before it is too late.”
About the World Business Council for Sustainable Development (WBCSD)
The World Business Council for Sustainable Development is a CEO-led organization of forward-thinking companies that galvanizes the global business community to create a sustainable future for business, society and the environment. Together with its members, the council applies its respected thought leadership and effective advocacy to generate constructive solutions and take shared action. Leveraging its strong relationships with stakeholders as the leading advocate for business, the council helps drive debate and policy change in favor of sustainable development solutions.
The WBCSD provides a forum for its 200 member companies - who represent all business sectors, all continents and a combined revenue of more than $7 trillion - to share best practices on sustainable development issues and to develop innovative tools that change the status quo. The Council also benefits from a network of 60 national and regional business councils and partner organizations, a majority of which are based in developing countries.