Water is one of the critical factors of ESG (Environment, Social, and Governance). Fresh and clean water is increasingly endangered despite being considered a plentiful renewable resource mainly due to population growth and economic activity leading to an increase in water demands and pollution.
According to United Nations, if current consumption and production patterns do not change, there will be a 40% shortfall in water supply by 2030. Companies are expected to face increased scrutiny such as limits on water withdrawal and tight regulations over their water use as global water resources face increased stress.
Groundwater is withdrawn by industries such as manufacturing, mining, oil and gas, energy and utilities, and construction. Apparel and food & beverage industries are highly dependent on groundwater through supply chains. According to Aquastat, 19% of global freshwater withdrawals come from industry and energy.
In terms of water withdrawal, the beverage and bottled mineral water sectors need to be careful because groundwater is a raw material for them. Globally, food and beverage companies face disputes with local communities over the amount of groundwater that can be withdrawn without depleting local resources.
The Coca-Cola Co (Coca-Cola) is a producer, distributor, and marketer of non-alcoholic beverages. It markets beverages under the brand names Sprite, Coca-Cola Zero, Diet Coke, Fanta, Powerade, Dasani, FUZE TEA, Minute Maid, Simply, Georgia, and Del Valle.
In 2021, Coca-Cola withdrew 298 million cubic meters (million m3) of water, an increase of 6% over 2020. Water withdrawal by Coca-Cola is obtained mainly from groundwater and third parties, with groundwater providing 46% of Coca-Cola's water withdrawals and third parties providing 48% in 2021.
In 2021, the water usage by Coca-Cola was 170 million m3, an increase of 2% over 2020. 1.81 liters of water were used per liter of product produced by Coca-Cola during the same year.
167% of the water used by Coca-Cola is returned to nature and communities in 2021. The beverage company aims to maintain at least 100% global replenishment of the water used in its finished beverages. Water use in Coca-Cola system manufacturing facilities with high priority will be reduced, reused, recycled, and replenished by 2030.
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