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Businesses urged to curb thirst for water
GreenBiz.com ^ | Thursday, September 09, 2004 | GreenBiz.com

Posted on 09/09/2004 1:18:03 AM PDT by Einigkeit_Recht_Freiheit

OAKLAND, California — The largest, least expensive, and most environmentally sound source of water to meet California’s future needs is the water currently being wasted in every sector of our economy.

That's the message of a new research paper by the Pacific Institute, a leading nonpartisan research institute based in Oakland, California. The report identifies a range of worrisome trends that impact businesses in almost every sector and recommends steps that companies can take to meet these challenges head on.

"Water scarcity and other water-related issues already pose a serious threat to many businesses around the world," said Jason Morrison, director of the Pacific Institute's Economic Globalization and the Environment Program, and lead author of the report. "There are solutions, but unless companies start taking steps to protect themselves and protect water resources, they could find their operations in jeopardy."

The study, "Freshwater Resources: Managing the Risks Facing the Private Sector," outlines a range of problematic trends: Growing water scarcity in the face of skyrocketing demand and increasing competition; community concerns about industrial water use and pollution; and potential changes in water availability and quality stemming from climate change. Severe water shortages can lead to supply chain interruptions, poor product quality, and even loss of license to operate. Already, local governments have forced some multinational companies to close major factories due to concerns about the impacts of their water use.

"The report makes clear that to be responsible stewards of shareholder resources, companies must become more responsible stewards of water resources," explained Steve Lippman, senior social research analyst from Trillium Asset Management Corporation.

Arvin Ganesan, associate social research analyst from Calvert Group Ltd., said, "The good news for businesses is that there are a range of steps they can take to protect themselves while helping protect these key resources for the future."

The report recommends 10 steps companies can take to reduce their water-related impacts on the environment and local communities and help protect their operations and their shareholders from business risks related to water. These steps include measuring their current water use; establishing a water policy with specific goals and performance targets; improving water efficiency and conservation efforts; and engaging suppliers, community groups, and outside partners in an open dialogue on the issue.


TOPICS: Extended News; Government; Miscellaneous; News/Current Events; US: California
KEYWORDS: business; conservation; development; environment; technology; water
In related news, California businesses have entered a strange parallel universe where market forces no longer apply. Amazingly, even rising prices can't convince companies to increase efficiency. "Profit schmofit, we are going to continue to waste resources no matter what anyone says, does or charges us, " says local factory owner John Smith. "Sure, the government raising prices for industrial use of water has hurt the bottom line and yes, taking advantge of the subsidies for adoption of water savng technology makes business sense, but I just love to see money (in this case in liquid form) flow down the drain."
1 posted on 09/09/2004 1:18:04 AM PDT by Einigkeit_Recht_Freiheit
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To: farmfriend

ping


2 posted on 09/09/2004 1:18:29 AM PDT by Einigkeit_Recht_Freiheit (Politically, Saudi Arabia is 18th century France with 16th Century Spain's flow of gold and no art)
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To: Einigkeit_Recht_Freiheit
In related news, California businesses have entered a strange parallel universe where market forces no longer apply.

LOL! Well put.
3 posted on 09/09/2004 1:43:36 AM PDT by Jaysun (The probability of someone watching you is proportional to the stupidity of your action)
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To: Jaysun

Alot of California business have left, the ones that mattered anyways.


4 posted on 09/09/2004 2:21:40 AM PDT by 1FASTGLOCK45
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To: 1FASTGLOCK45
Alot of California business have left, the ones that mattered anyways.

Of course. California has been a perfect example of what happens when liberals are allowed to call the shots.
5 posted on 09/09/2004 3:11:43 AM PDT by Jaysun (The probability of someone watching you is proportional to the stupidity of your action)
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To: 1FASTGLOCK45
Alot of California business have left, the ones that mattered anyways.

Of course. California has been a perfect example of what happens when liberals are allowed to call the shots.
6 posted on 09/09/2004 3:11:44 AM PDT by Jaysun (The probability of someone watching you is proportional to the stupidity of your action)
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To: Einigkeit_Recht_Freiheit; abbi_normal_2; Ace2U; adam_az; Alamo-Girl; Alas; alfons; alphadog; ...
Two things right now are the biggest contributers to water shortages in CA. One is failure to build the Auburn dam and the other is the over growth of tress in the Sierra Nevada Mountain Range. We've gone from 20 trees/acre to 300/acre. This has resulted in a 12 - 17% decrease in water shed.

Rights, farms, environment ping.
Let me know if you wish to be added or removed from this list.
I don't get offended if you want to be removed.

7 posted on 09/09/2004 11:13:06 AM PDT by farmfriend ( In Essentials, Unity...In Non-Essentials, Liberty...In All Things, Charity.)
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To: farmfriend

BTTT!!!!!!!


8 posted on 09/09/2004 11:31:41 AM PDT by E.G.C.
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