A turning tide: tracking corporate action on water security
Global corporate giants are investing hugely in water security and management with a three-fold rise in just one year, an annual water report said. They committed to $23.4 billion of investment in water projects in 2017 alone. The report, A turning tide: Tracking corporate action on water security, published by non-profit environmental disclosure platform CDP, analyses water data from 742 of the world’s largest companies, including Nestle, Burberry and Kellogg’s. In India too, companies are spending heavily to mitigate the risk of water supply with Tata Steel $38 million, ITC along with MNCs like Diageo, L’Oreal and Symrise AG also reporting spends in millions.