Published on:
2024/03/25
Jose Galindo
Co-Founder & CEO at Waterplan
Tech entrepreneur and software engineer, 8+ years of experience in the software industry
Introduction
In an era where enterprises are increasingly experiencing financial losses due to water-related risks like scarcity, coupled with heightened scrutiny from investors and regulators demanding robust mitigation plans and transparency, effective water stewardship is becoming a key factor for long-term business sustainability. This is particularly reflected in Japan's increasing number of large companies disclosing water sustainability information to CDP Water Security and information disclosure in alignment with TCFD and TNFD.
However, with business operations and suppliers spread across many regions, gathering the correct local water risk data for data-driven decision-making and meeting reporting requirements can require significant time, effort, and water expertise.
Recognizing this challenge, Waterplan has joined forces with Kurita Water Industries, a Japanese leader in water treatment solutions, to advance water security for businesses in Japan.
The collaboration represents a significant step towards empowering Japanese enterprises to effectively measure, respond to, and report water risks. This alliance is driven by a shared commitment to equip organizations with the technology, data, and insights necessary to navigate the complex landscape of water-related challenges, ensuring business continuity, regulatory compliance, and long-term sustainability.
The partnership
This partnership will provide Japanese companies with:
Comprehensive Understanding of Water Risks and their Financial Impact: Waterplan’s technology and data equip organizations with a holistic understanding of their water risk exposure and impact across operations and supply chains, allowing for strategic resource allocation to mitigate risks effectively. By consolidating multiple data sources—from satellite imagery to local catchment conditions, facility data, streamflow, and groundwater data—Waterplan streamlines risk assessment processes, facilitating informed decision-making and targeted risk management strategies.
Establishing an Effective Strategy and Attainable Water Targets: Waterplan and Kurita will assist organizations in establishing a water strategy that addresses the identified water risks, achievable region-specific water targets, and an associated implementation plan, factoring in environmental nuances and business requirements.
Compliance and Disclosure: Acknowledging the increasing importance of meeting water sustainability compliance and disclosure requirements, the partnership also streamlines reporting processes and supports companies to seamlessly navigate reporting frameworks and standards, such as TCFD, TNFD, and CDP.
Conclusion
By combining forces, Waterplan and Kurita aspire to set new standards in water sustainability practices, empower Japanese businesses to make informed decisions, and contribute to a more resilient and responsible water future.
