Peter Schulte, Research Associate, Pacific Institute
A number of recent global trends are threatening the quantity, quality, reliability, and affordability of water resources and water services, creating risk for business and government alike. In response, companies invest in operational efficiencies, site their facilities in locations that can provide for adequate and reliable sources of water, and are increasingly working with their suppliers to improve water management practices.
However, these “internal” solutions are limited in mitigating the full range of water-related business risks, as many risks stem from external factors largely established by the public sector and controlled through public policy. Public water policy, unfortunately, can be wasteful, uninformed, inadequately enforced, under-funded, and at worst corrupt and negligent of its social and commercial responsibilities. As such, there is a strong business case for companies engaging with the public sector in order to strengthen water policy, facilitate its effective implementation, and ultimately advance sustainable water management.
This presentation will outline an operational framework for effective policy engagement that will highlight how companies can assess watershed conditions, develop an engagement strategy, and implement it effectively. This framework will be illustrated by a series of case studies.