New Mapping Tool Provides Ability to Assess Water Risk
Aqueduct provides companies with comprehensive picture of water risks worldwide
The World Resources Institute (WRI) launched a new online tool that maps water risk worldwide based on the most current, highest resolution data available.
Companies, investors, and governments can use the Aqueduct Water Risk Atlas to see how water stress will affect operations locally and globally, and help prioritize investments that will increase water security.
The online tool was developed by WRI, working with founding members of the Aqueduct Alliance, GE and Goldman Sachs, as well as Skoll Global Threats Fund, Shell, Bloomberg, Talisman Energy, Dow, United Technologies (UTC), DuPont, John Deere, Veolia Water and the Dutch and Swedish governments.
The Aqueduct Water Risk Atlas is a customizable global map, based on 12 indicators of physical, regulatory and reputational risk. In a user-friendly way, companies can now evaluate how water stress, flood occurrence, access to water, drought and other issues may affect operations. Additionally, the global map can be tailored specifically for nine water-intense industry sectors—from oil and gas, to agriculture, to chemicals.
“Recent history is littered with companies that failed to anticipate emerging threats. Water scarcity is one such threat. Thankfully, forward-thinking business leaders are starting to get it. They understand that water risk is one of the top issues that they face,” said Andrew Steer, president of the World Resources Institute. “This new platform will provide companies with comprehensive, high-resolution tools to measure water risk. It gives them an unprecedented ability to understand and better manage these risks.”
Through the Atlas, users can plot the locations that matter most to them and compare those locations’ potential exposure to water stress and risk. They can also review maps of individual indicators, such as seasonal variability, which may be highly important to their operations.
The release of the global Water Risk Atlas is the culmination of a three-year effort by WRI to create a peer-reviewed and robust methodology for mapping complex water security around the world.
“Aqueduct’s global water risk mapping information is a valuable tool for understanding and addressing the pressing global threat of water security,” said Sylvia Lee, water manager of the Skoll Global Threats Fund. “We understand that water is not just an environmental issue, but a real and substantial risk to communities, economies and businesses. The new global water risk maps make it easier than ever to research and understand where in the world these risks are greatest, and where action is most needed.”