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Groundwater is withdrawn by industries such as manufacturing, mining, oil and gas, energy and utilities, and construction.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.
Procter & Gamble Co (P&G) is a manufacturer and marketer of fast-moving consumer goods. P&G’s major brand names include Head & Shoulders, Tide, Ariel, Olay, Pantene, Pampers, Gillette, Braun, and Fusion, among others. In 2021, P&G consumed 69 million cubic meters of water, an increase of 3% over 2020. P&G has set a target to increase water efficiency by 35% per unit of production by 2030 against the 2010 baseline.
Unilever Plc (Unilever) is a manufacturer and supplier of fast-moving consumer goods. The company's product portfolio comprises food, beauty, and personal care products. It markets products under brands Bango, Ben & Jerry’s, Knorr, Magnum, Axe, Dove, Lux, Rexona, Sunsilk, and Vaseline. In 2021, Unilever consumed 30 million cubic meters of water, an increase of 2% over 2020.
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