Why Water is Important to Business

The World Economic Forum states that water crises rank as one of the top three risks to global growth in terms of economic impact. Many sectors and businesses are exposed to water risks, such as agriculture, power generation, and tourism and leisure, among others. By 2030, a 40% global shortfall in water supply is expected and this may reduce business revenues, increase costs, and disrupt businesses. Water stewardship is highly needed, for it enjoins the public to commit to the sustainable management of shared water resources through the collective action of businesses, governments, NGOs, and communities.