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Groundwater is withdrawn by industries such as manufacturing, mining, oil and gas, energy and utilities, and construction.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 Globally, food and beverage companies face disputes with local communities over the amount of groundwater that can be withdrawn without depleting local resources.
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’s Baby, Feminine, and Family Care business unit consumed 44 million cubic meters of water followed by Fabric and Home Care (14.9 million cubic meters of water), Beauty (5.8 million cubic meters of water), Health Care (2 million cubic meters of water), and Grooming (1.1 million cubic meters of water).
P&G has set a target to increase water efficiency by 35% per unit of production by 2030 against the 2010 baseline. The consumer goods company also aims to source 5 billion liters of water from circular sources by 2030.
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