The Water Risk Monetizer was developed by Ecolab, a global leader in water technologies and services; Trucost, a global leader in environmental data and risk analysis, part of S&P Dow Jones Indices; and Microsoft, the leading platform and productivity company for the mobile-first, cloud-first world. Through this collaboration, the tool leverages industry insights, advanced analytics and Azure Cloud technology to help business leaders easily access information to better understand and address the impacts of water scarcity.
Ecolab is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. As the world grapples with water quantity and quality risks, Ecolab solutions help nearly every sector reduce, reuse and recycle water and operate sustainably.
Operating at the nexus of some of the world’s most complex business and environmental challenges, Ecolab has an in-depth understanding of the economic and social imperatives facing businesses. With an unparalleled commitment to on-site service and a suite of innovative technologies and science-based solutions, Ecolab helps promote safe food, maintain clean environments, optimize water and energy use and improve operational efficiencies for more than one million customers in more than 170 countries around the world.
The company’s innovative technologies are supported by 25,000 sales-and-service associates, the industry’s largest and best-trained field team. Ecolab solutions help manage more than seven trillion liters of water annually. Its products, technologies and expertise are reinforced by precise data capabilities that efficiently monitor, treat and optimize water, improving operational efficiency and reducing environmental footprints.
Ecolab is dedicated to water stewardship beyond its ability to help customers tackle water challenges. The company is committed to continuous improvement of its own operations and to advancing water stewardship around the world.
Trucost, now part of S&P Dow Jones Indices, is a global leader in environmental data and risk analysis. Trucost assesses and prices risks relating to climate change, natural resource constraints and broader ESG factors. Companies and financial institutions use Trucost intelligence to understand exposure to ESG factors, drive resilience and identify the transformative solutions of tomorrow.
Trucost approaches and econometric models are informed by an external Academic Advisory Panel, comprised of the world’s leading environmental economists.
Since 2001, Trucost has been at the forefront of using natural capital accounting for business applications including work with the Natural Capital Coalition and United Nations Environmental Programme to measure and monetize environmental costs and business impacts related to water scarcity, as well as other uses of natural capital by business. The company has developed an extensive library of valuation datasets and models, and its data and tools inform the research for the annual State of Green Business report and are used to assess the environmental risks of over $18 trillion in assets under management. Since 2011, Trucost has been engaged by more than 100 clients to apply natural capital accounting including helping PUMA and parent company Kering to deliver the world’s first Environmental Profit and Loss Account.
Trucost’s specialized tools measure and monetize water risks in business supply chains. To date, the company has analysed environmental risks of more than 500,000 suppliers representing more than $100 billion in procurement spend.
Microsoft is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more. At Microsoft, we believe innovation and sustainability go hand in hand. This focus leads us to take actions and create technology, products and services that will help build a responsible, inclusive cloud and planet. By working with customers, partners and inside our operations, Microsoft can help accelerate progress towards a better, more sustainable future for people, organizations and the planet.
Microsoft has a long-standing commitment to sustainability. We were one of the first companies to implement an internal corporate carbon fee. The fees we collect are used to improve energy efficiency, increase our purchase of renewable energy, and to partner in innovative technology projects that offset carbon and advance sustainability solutions around the world. We also believe in the sustainable management of water resources across our global operations. To support this, we are focused on increasing our understanding of water-related risks and impacts to our business and to the communities we serve, improving our water efficiency and advancing innovative solutions to water challenges.
As a leading cloud provider, Microsoft believes we have an obligation to operate our business in a responsible way. But it’s so much more than that – at our core, Microsoft is passionate about simplifying complex problems and empowering our partners around the world to solve some of the world’s biggest challenges through technology. We envision a future where the pairing of human ingenuity and technology are creating a more sustainable future for us all – where our planet, people and businesses all flourish and grow.
World Resources Institute
The Water Risk Monetizer uses the World Resources Institute’s (WRI) Aqueduct Tool (WRI, 2019) as its source for basin-level water statstics. WRI is a global research organization that spans more than 50 countries. With the support of a diverse group of partners, the World Resources Institute built Aqueduct to help companies, investors, governments, and communities better understand where and how water risks are emerging around the world. The Water Risk Atlas uses a robust, peer reviewed methodology and the best-available data to create high-resolution, customizable global maps of water risk. For more information please visit: http://www.wri.org/
The Water Risk Monetizer provides insights into reputational risks based on industry and location specific data provided by the RepRisk ESG Risk Platform relating to water scarcity and local pollution risk. The RepRisk ESG Risk Platform serves as a due diligence, research and monitoring tool for businesses across a wide range of ESG issues. For more information please visit: www.reprisk.com