Driving impact for the climate and for business
Brands that take a proactive approach to water resilience can do more than mitigate water scarcity - they can unlock long-term value for both people and the planet.
Water scarcity means that communities face shortages for drinking, hygiene, and agriculture, leading to economic decline and food insecurity. Water scarcity also takes a toll on natural ecosystems. A stark example is the Aral Sea in Central Asia, once the world’s fourth-largest freshwater lake. Decades of water diversion for irrigation and energy production, combined with pollution, have caused it to shrink dramatically and become saline. The ecological collapse of the Aral Sea has led to widespread food shortages, a rise in infant mortality, and a decline in life expectancy among nearby communities.
Seeing this challenge, businesses are taking the opportunity to make a positive difference by adopting robust water resilience strategies that reduce waste, prevent pollution, and restore balance to ecosystems. Such strategies not only secure a more water-resilient future, but help to future-proof operations, ensuring organisations are better positioned to adapt and succeed amid growing water scarcity and climate impacts.
A water-resilient company unlocks significant cost savings by mitigating water-related risks; indeed, a 2021 study found that the financial impact of water risk is five times higher than the cost of proactively addressing such risks. It’s therefore clear that understanding how much water an organisation uses, and assessing the likelihood of water-related threats, provides greater certainty for long-term strategic decision-making.
Responsible management of environmental resources such as water is becoming a key expectation from investors, consumers, and the wider community. A strong water stewardship programme therefore enhances brand reputation and attracts sustainability-minded consumers and partners. According to a 2023 study by the British Standards Institution and Waterwise, 60% of people view water security as a critical global issue, with 51% believing organisations should take meaningful action to reduce water waste and support water security. In a market where eco-consciousness is rising, businesses that lead on water stewardship gain a clear competitive edge, strengthening their reputational and brand value.
Water resilience – what's next?
Brands and organisations now have a valuable opportunity to embed water resilience into their core business strategies, helping to address the growing climate challenge while strengthening long-term business sustainability and performance.
Water challenges are complex and interconnected, requiring coordinated collective action to safeguard water resources and reduce long-term risks. Securing global water resilience therefore requires the active engagement of all stakeholders across sectors and regions.
The luxury sector is rising to meet the challenge, and in so doing is paving the path for other industries to follow suit. Through cross-sector collaboration, brands from every industry can meaningfully address global water scarcity and see how such change will elevate their own organisational performance.
To learn more about how Walpole’s members are investing in water resilience, please visit the websites of Chivas Brothers, the Natural History Museum (NHM), and Gleneagles, and to explore the full set of pillars and aspirations guiding our members toward more sustainable and inclusive operations, download the Walpole Sustainability Manifesto.