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Groundwater is withdrawn by industries such as manufacturing, mining, oil and gas, energy and utilities, and construction.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 Globally, food and beverage companies face disputes with local communities over the amount of groundwater that can be withdrawn without depleting local resources.
Colgate-Palmolive Co (Colgate-Palmolive) manufactures and sells oral care, personal care, home care, and pet nutrition products. Its product portfolio includes toothpaste, toothbrushes, deodorants, shampoos, conditioners, dishwashing detergents, household cleaners, shower gels, mouthwashes, bar and liquid soaps, laundry products, and pet nutrition products for cats and dogs.
In 2021, Colgate-Palmolive withdrew 8.8 million cubic meters of water. Water withdrawn by the company is obtained mainly from municipal water and groundwater with municipal water providing 61% of water and groundwater providing 36% during the same year.
Water usage in Colgate-Palmolive’s operations was 5.4 thousand cubic meters of water in 2021.
In water-stressed areas, Colgate-Palmolive aims to achieve Net Zero water by 2025, and across all sites by 2030.
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