Company details
Name
Multinational consumer goods corporation
Industry
Consumer Goods
At a glance
Working with Waterplan allows the company to continuously anticipate and proactively solve for potential challenges in achieving their 2030 goal.
The Challenge
Water scarcity affects every continent on our planet. While some people aren’t seeing its impact in their communities, others are facing extreme water stress. In fact, nearly one-third of people already live in water-stressed regions and two-thirds of the global population are projected to be by 2025.
In 2022, the company announced a major expansion to their Sustainability under their Climate and Nature pillar including in an increased resource stewardship projects of waste and water that will include making more water available in water-stressed areas around the world. This extended effort includes a global portfolio of water restoration projects which will provide a range of solutions to protect ecosystems, replenish groundwater supplies, reduce the amount of water diverted from essential bodies of water, and improve water quality for the communities and wildlife that depend on them.
Transparently estimating and tracking both impact and progress towards this complex and dynamic goal, globally, requires a fully distributed and dedicated team, incredible organizational skills, and time - or an intuitive, science-based SaaS platform.
The Solution
Water Stewardship Leaders purchased Waterplan to help achieve their goal of becoming Water Positive by 2030. There was immediate interest in Waterplan’s ability to structure and visualize water data, and Waterplan also offered a way to scalably, transparently and accurately estimate the benefit and impact of the projects to be implemented.
During the integration phase, Waterplan met with key stakeholders to understand the sustainability strategy, current restoration projects, and water consumption trends. In a matter of months, this information was integrated onto the platform, digitalizing dozens of repositories that had been manually tracked for years.
This simplified, centralized view of restoration projects lifecycle allows the team to visualize and transparently communicate ongoing progress towards their 2030 goal, globally. Also, Waterplan is helping them find and connect with local partners and restoration projects, along with estimating project benefits throughout the world.
Benefits
Risk Monitoring
Ongoing surveillance of the physical, infrastructure, regulatory, and reputational risks to determine whether they have materialized or new risks have emerged.
Implementing partners
Based on that high-resolution physical, regulatory, and reputational water risk data, Waterplan is able, at a fraction of the cost, to source highly relevant implementing partners capable of developing the most impactful and appropriate water stewardship projects.
Manage Projects and Monitoring Progress
With Waterplan companies can monitor and manage different projects all in one place, understanding their benefits, co-benefits, and timelines. Waterplan monitors the project's progress monthly and creates instant reports to share internally and externally.
The Results
3x Speed in finding Projects
Insights can be easily visualized and communicated with any stakeholder directly through the Waterplan platform. Additionally, water stewardship champions can find and estimate restoration projects 3x faster by meeting local partners on the Waterplan Partner Marketplace with high quality, ready-to-fund projects and standardized volumetric water benefits.
Stakeholder Engagement made easy
Tracking and easily extracting accurate information about conservation and replenishment projects and overall program is possible with Waterplan. The platform allows sharing access to implementing partners so project updates can be reported and managed directly on the platform.
Increased efficiency and time savings
As an all-in-one plattform Waterplan has enabled the multinational corporation to reduce their reliance on local water specialists and increase the efficiency of their global operations: A typical program requires local water specialists to dedicate on average 5 hours a week - in each location - to support a company’s global operations. The savings associated with this increased efficiency have been significant, resulting in subscription costs paying for themselves in less than 12 months.
Company
American multinational consumer goods corporation with over 150 years in the market, offering a wide range of personal health/consumer health, personal care and hygiene products, from several segments including beauty; grooming; health care; fabric & home care; and baby, feminine, & family care.
