Click here to preview the new Fast Company

Want to try out the new

If you’d like to return to the previous design, click the yellow button on the lower left corner.

Massive Carbon Disclosure Project Report: Saving Money Starts With Water

manhole cover

The Carbon Disclosure Project, a U.K.-based nonprofit, houses the world's largest database of information about how corporations are affecting climate change. Now the organization is expanding its reach to include water, perhaps the world's most undervalued major resource.

The CDP Water Disclosure project, first announced last spring, surveyed 302 of the world's largest companies about their water use on behalf of 137 financial institutions that signed a request for information. The result: 122 of the surveyed companies responded publicly (a 50% response rate), and another 25 large companies responded who weren't even asked. Respondents include heavy hitters like Colgate-Palmolive, Molson Coors, GE, and Ford.

Responses were highest among the chemical, food and beverage, and pharmaceutical industries, and for good reason. "These industries are acutely aware of water as an input and output," says Marcus Norton, head of CDP Water Disclosure.

Gregory Wade, global chief supply chain officer for Molson Coors, agrees. Water is a major part of the beer supply chain, he explains—and it's the number one ingredient in beer. "We're actively looking at setting [water use] goals for the longer term and determining risks around water issues that we might have in the long run."

Some industries—namely oil and gas, construction, infrastructure, and real estate—are conspicuously absent from the report. "This is potentially because they haven't yet felt the impacts of water," Norton says. "We suspect that we'll see stronger response rates from these companies in future years. Our experience with carbon is a steady increase in response rate."

Companies that haven't yet responded to the Water Disclosure project can at least find inspiration from the survey, which offers case studies and best practices from a variety of industries. The survey tells us, for example, that pharmaceutical companies should consider installing closed-loop cooling towers and condensate capture and polish systems to recapture and recondition boiler condensation.

Overall, the results are heartening, with most respondents at least partially aware of the issues facing their industries. "Companies are seeing opportunities everywhere," Norton says. And they had better—if the corporations surveyed don't pay attention to water, they'll face resource issues down the line.

Ariel Schwartz can be reached on Twitter or by email.

Add New Comment


  • Thomas Frank

    This Molson stuff should be tied into the LONDON2012 Cultural Olympiad; that started today ! Especially as an extended expeditionary history learning experience opportunity connected to the North American War of 1812 Bicentennial Commemoration Events and Ceremonies in Canada and the US, especially in Western New York and the Niagara Region of Southern Ontario. Started on June 18, 2012 and will extend through August 2014.