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Groundwater is withdrawn by industries such as manufacturing, mining, oil and gas, energy and utilities, and construction.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 Globally, food and beverage companies face disputes with local communities over the amount of groundwater that can be withdrawn without depleting local resources.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 Estee Lauder Companies Inc (Estee Lauder) is a manufacturer, marketer, and distributor of personal care products. The company offers makeup, hair care, fragrance, and skin care products. Estee Lauder markets products under various brand names such as Estee Lauder, Aramis, Origins, Bobbi Brown, Aveda, Clinique, Darphin, Dr. Jart+, Editions de Parfums Frederic Malle, Estée Lauder, and GLAMGLOW, among others.
In fiscal 2021, Estee Lauder withdrew 1.5 million cubic meters of water. 82.4% of water withdrawn by Estee Lauder was from water-stressed areas. Water consumption in Estee Lauder’s operations was 0.1 million cubic meters of water in fiscal 2021. During the same year, Estee Lauder’s total water discharge was 1.4 million cubic meters of water.
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