The Water Risk Monetizer has launched today as the first financial modeling tool that enables businesses to factor water into decisions that support business growth and help ensure the availability of this limited natural resource for future generations. Water scarcity is impacting the vitality of communities around the world. For businesses, it is a significant constraint to growth.
The tool provides actionable information to help businesses understand the impact of water scarcity to their operations and quantify those risks in financial terms. The Water Risk Monetizer was developed by Ecolab Inc., the global leader in water technologies and services, and Trucost, the global leader in valuing natural capital. Ecolab and Trucost are committed to advancing the principles of water stewardship by increasing understanding of global water risks and helping others make the business case for responsible water use.
The information provided by the Water Risk Monetizer can be used by businesses around the world to better understand water risks and the potential cost implications of water scarcity for a particular facility. The data provides valuable information to help assess different business models, determine how water costs or scarcity may affect growth plans, help inform business goals and provide a catalyst for collaboration and stewardship for greater impact.
For more information and to try the tool, visit www.WaterRiskMonetizer.com or contact Emilio Tenuta (etenuta@nalco.com)
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On March 31 3pm ET the U.S. Chamber of Commerce Foundation Corporate Citizenship Center is hosting a webinar on how companies can leverage tools to better understand and address their exposure to water risk. During this one hour webinar, you will hear from Lindsay Bass, Manager, Water Stewardship, WWF-US; Libby Bernick, Senior Vice President, Trucost-North America; and Emilio Tenuta, Vice President, Corporate Sustainability, Ecolab, to discuss two methodologies in particular: the WWF Water Risk Filter, and the Water Risk Monetizer. You'll learn how these tools can be used to understand business exposure to environmental related risk, and how to leverage the results to build the business case and drive collective action. Click here to learn more and register.
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Andrew J. Hoffman
Director, Erb Institute
Holcim (US) Professor of Sustainable Enterprise
Ross School of Business/SNRE
Administrative Assistant: Shelly Whitmer
New Release, Stanford University Press
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