Business Leaders Call for Action to Deal with Water Scarcity
Chief executives at 45 global companies sign UN communiqué calling for action to deal with water scarcity
The chief executives of GlaxoSmithKline, Nestlé, Coca-Cola and Shell are among 45 companies calling on governments meeting in Rio this week to make water security a top priority and work with the private sector to solve the growing water scarcity crisis.
The UN estimates that two thirds of the world’s population will live in water-stressed regions by 2025, causing health and sanitation problems, while also hampering economic growth prospects.
In a special Communiqué produced by the UN Global Compact, the chief executives pledge to expand their own water management practices and outline a range of public policy actions governments should take to help tackle water insecurity and ensure the capabilities of the private sector are best exploited to address the issue.
Its recommendations include developing policies and incentives to improve water productivity and efficiency across all sectors, increasing investment in water infrastructure, and working actively with the business community, private finance, and civil society, to establish more effective water management frameworks.
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