Call it ‘Cause Marketing’, Community investment or Innovation in Sustainability this is in at the moment and gets all the business houses to talk about it.
What is sustainability?, It is the maintenance of the factors and practices that contribute to the quality of environment on a long-termbasis.We know that economy impacts the environment and society .A healthy living needs clean water and Many companies are now calculating their “water footprint” which adds up the water they use throughout the value chain. The first corporate water footprint was jointly published by SABMiller and WWF in 2009, and since then Coca-Cola, Nestle, and UPM-Kymmene, and others have published footprints for key product lines. However, while the problem affects people globally, water is inherently local, so a global corporate footprint is only so useful. What the calculation does do, however, is help companies highlight those specific, local dangers where a low water supply could disrupt both business operations and the surrounding community. The trend is clear globally as well. Due to rising population, coupled with increasing demands by the agriculture and energy industries (often referred to as the water-food-energy nexus), global demand for clean water will outstrip supply by an average of 40 percent by 2030. While this reality poses grave risks to thousands of communities, it is also the driver of a daunting, and often confusing, economic dilemma which businesses must prepare for. It’s time for companies operating in the many dry regions around the world to equip themselves with the tools and mindset they need to navigate this new normal.
While access to water has been recognized as a basic human right, it is also increasingly clear to see that it is a commodity — a resource in high demand that should be valued according to its supply.
But for such a transparent substance, water’s economics are anything but clear. Water is one of the world’s most glaring commercial anomalies, with a price reflecting nothing more than the costs to extract and distribute it. The value is exempt from the ebb and flow of the market. Even as demand vastly outpaces supply, the market price is as static as a boulder in stream.
With such imprecision in the marketplace, companies must take it upon themselves to identify long term risks, quantifying the true value of water in order to steer clear of long-term hazards.
What if’ Business corporations integrate corporate social responsibility in all their ventures and this will nurture the monetary system and the society we live-in