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Groundwater is withdrawn by industries such as manufacturing, mining, oil and gas, energy and utilities, and construction.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 Globally, food and beverage companies face disputes with local communities over the amount of groundwater that can be withdrawn without depleting local resources.
Campbell Soup Co (Campbell) produces and sells convenience food and beverage products. The company's product portfolio includes soups, broths, stock products, cookies, crackers, biscuits, baked products, sauces, refrigerated, and salad dressings, dips, and snacks. Campbell markets products under several brands, including Pepperidge Farm, Campbell’s, Spaghettios, Chunky, Late July, Kettle, Swanson, Emerald, Pop Secret, Cape Cod, V8, Snyder's-Lance, Snyder’s of Hanover, Pace, Prego, and GoldFish.
In 2021, Campbell withdrew 21.48 million cubic meters of water, an increase of 1.1% over 2020. The total water consumed by Campbell was 2.04 million cubic meters and the total water discharged was 19.43 million cubic meters in 2021.
20 Campbell facilities, representing 93% of water consumed by the company’s direct operations, were identified as having basin-level water risk, which is a measure of the severity and likelihood of water challenges at the basin level.
Campbell aims to reduce water use by 20% on an absolute basis by 2025, as compared to 2017. In 2021, the company expanded the scope of its water inventory and risk assessment beyond its own operations to also look at water impacts throughout its entire supply chain.
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