Business Alliance for Water and Climate
|Name of initiative||Business Alliance for Water and Climate Change (BAFWAC)|
|Secretariat||Focal points: Cate Lamb (firstname.lastname@example.org) +44(0) 203 818 3970;|
|Organisational structure|| The Alliance is led by the UN Global Compact’s CEO Water Mandate, CDP (ex-Carbon Disclosure Project) Water, WBCSD (World Business Council for Sustainable Development) Water and the French company SUEZ.
The founding partners of this initiative hold monthly calls to progress the initiative and track progress against the agreed work plan. Actions set against the work plan are either undertaken as part of the ongoing work of each individual organization, or where needed, are funded via external resources.
|Name of lead organisation||BAFWAC is jointly managed by the CEO Water Mandate, CDP, and the World Business Council for Sustainable Development (WBCSD) on behalf of the companies who sign its declaration.|
|Type of lead organisation||Network/Consortium/Partnership|
|Location/Nationality of lead organisation||France|
|Description||The declaration is a call to action and an executive leadership commitment from companies around the world to address urgent sustainable development challenges related to water and climate.|
|Objectives|| Implementation of all action plans designed by endorsing companies; Scaling-up potential of the initiative: to be built collectively.
This work will drive private sector action to improve water security in a range of countries. Results of a UNFCCC platform survey of 129 NDC’s indicates that improved water security is seen as fundamental to the success of almost all of these NDC’s: 82% of the published NDC’s identify the necessity to adapt to climate change: especially African, Latin American-Caribbean and Asia-Pacific countries. 92% of NDC’s identifying adaptation include the need to improve water security. Improved water security is identified as the first priority area for adaptation, followed by agriculture and health. 4 main themes are mentioned for improving water security: Agricultural water; Water risk management; Integrated Management of Water Resource (IWRM); enabling access to drinking water. Water actions are diverse in nature, with 3 priorities: infrastructure (network improvements, construction of dams, etc.), information systems (collection and transmission of data at local and national levels) and institutional /regulatory measures (e.g. building climate change considerations into National Plans for water).
|Activities|| Depending on its level of maturity, each signatory company commits to join all or one of the three following levels of ambition
and describes the action taken: 1/ Analyze and share water-related risks to implement collaborative response strategies. 2/ Measure water footprint with existing standards. 3/ Reduce impacts on water availability and quality in direct operations and all along the value chain. The actor should also report on the progress to the CDP, which is one of the leading organisations for this initiative. Now have 235 projects covering 2152 locations.
|One or two success stories achieved|| - French utilities giant ENGIE disclosed a reduction in revenue resulting from the ongoing drought in Brazil; in 2014, the financial impact of "unfavourable hydrology" was reported to cost the organization approximately US$223 million, almost 3% of operating income in 2014.
- Unilever reported that for their operations in the south east of Brazil, hydropower accounts for over 70% of its electricity supplied, and are anticipating energy restrictions being enforced if poor rains continue.
Monitoring and Impacts
|Function of initiative||Technical dialogue, Implementation|
|Activity of initiative||Knowledge production and innovation, Goal setting (ex-ante), Technical operational implementation (ex-post), Knowledge dissemination and exchange|
Goal setting (ex-ante) — Stakeholders who have committed to the goals
Technical operational implementation (ex-post) — Stakeholders who have committed to the goals
|Goals|| The Business Alliance for Water and Climate aims at achieving 100 signatories by 2018 (global stocktake) representing $1 trillion revenues compared to 44 signatories in 2016 representing $680 billion.
Companies have the opportunity to be at the forefront of an important movement within the sphere of corporate responsibility. Early action and leadership will be beneficial to companies’ bottom lines, as well as the communities and environmental systems upon which they depend and impact. Adopting this commitment will promote their work to institutional investors whilst giving these important stakeholders confidence that the company understands the risks, is taking effective action, and increasing business resilience. Therefore, the initiative aims to: Increase the number of companies committing to one of the three actions outlined by the BAFWAC commitment – thus ensuring broad uptake and action on improving water security from the private sector; and Track progress from the committed companies as to their progress on each of the three actions – thus ensuring appropriate and meaningful action is taken to safeguard water resources enabling the low carbon transition the Paris Agreements and accompanying NDCs outline. By 2020 we will be able to report on the total number of companies that committed to action, the number of actions committed too and progress on each action.
1. First milestone: secure 100 corporate signatories by 2018 representing $1 trillion in revenues. - To date, more than 30 companies across 5 continents representing $680 billion in revenues have joined BAFWAC and committed to take action - We have partnered with We Mean Business through its Commit to Action campaign to launch the first water-related commitment that will increase the number of signatories
2. Second milestone: to catalyze and facilitate effective water action - Technical workshops and webinars have been held - Best practice information and dissemination platforms have been created - Monitoring and tracking of progress against commitments is underway - Collaborative action opportunity identification is underway
|Comments on indicators and goals|
|How will goals be achieved|
|Have you changed or strenghtened your goals|
|Progress towards the goals|| Since COP21, the Business Alliance for Water and Climate made several progress:
- Advocacy: participation to the Technical Expert Meeting on Adaptation in Bonn on May 26th following SUEZ contribution in response to paragraph 126 of the Paris Agreement declaration. This event focused on enhancing the implementation of adaptation action, with emphasis on gaps, needs, challenges, options and opportunities for implementation on the ground; means of implementation, including for the improvement of climate information services and understanding of scientific information at the national level; and good practices for reducing vulnerability.
- Exchange of best practices: webinars hosted by CDP and CEO Water Mandate and covering, amongst other topics: how to use the Alliance for Water Stewardship standard to reduce impact; how to assess exposure to water risk using WRI’s aqueduct tool; and how to use the Water Action Hub to find partners for action.
- Organization of events: 2 major events organized by the founding partners of the Business Alliance for Water and Climate 1) SUEZ convened together with the French Ministry of Environment a high level luncheon on water action & climate change which gathered various French companies from water-intensive sectors: the objective was to raise awareness among CEOs on water related risks and to incentivize them to commit to the Business Alliance for Water and Climate.
2) The CEO Water Mandate convened a working session during Stockholm World Water Week on August 28th: the 2016/2017 orientations of the Business Alliance for Water and Climate were presented to the public, as well as the introduction of the We Mean Business Water Commitment. Furthermore, 3 case study were presented by three companies that have not yet joined the BAFWAC (Olam International / IFC, Dow Chemicals and OCP) in order to foster interest of new companies. - Integration of the Business Alliance for Water and Climate within the We Mean Business Take Action commitment campaign, through the label "Commit to Water Security" under the Resilience section. It is the first private-sector led commitment focusing on water and climate.
|How are you tracking progress of your initiative|| Tracking of individual participants progress is made either through:
- CDP Water questionnaire - CEO Water Mandate Communication on Progress
For any signatory organization which does not answer either the CDP questionnaire or the CEO Water Mandate Communication on Progress, questionnaire to be sent on an annual basis for tracking progress against commitments.
|Available reporting|| Results and achievements are made publicly available through the CEO Water Mandate's Water Action Hub website: https://wateractionhub.org/cop21-declaration/
In some specific occasions, press release can be used as a way to showcase results obtained by members of the initiative.
|Companies||51||360 Environmental (Australia),A2A (Italy),Advanced Semiconductor Engineering (China),Technology Altereo (France),Astra Zeneca (United Kingdom),Azlisworld (Bangladesh),Banka Bioloo (India),Carrefour (France),Cementos Argos (Colombia),Coca-Cola Femsa Sab SER I (Mexico),Diageo (United Kingdom),Engie (France),Exergy (Italy),Ford Motor Company (USA),Fujifilm (Japan),Fujitsu (Japan),Gas Natural Fenosa (Spain),Geo-Tech Consultancy Services (United Kingdom),GlaxoSmithKline (United Kingdom),Go Green Auto Care LLC (USA),Greenflex (France),Grupo Nutresa(Colombia),International Water Savers Environmental Services (USA),Jain Irrigation (India),Kirin Holdings Co Ltd (Japan),NeoTech Aqua Solutions Inc(USA),y,Netafim (Israel),Pernod Ricard (United Kingdom),Pipa (United Kingdom),REPSA-Reforestadora de Palma de El PetÃ (Guatemala),Royal Bafokeng Platinum (South Africa),Saint-Gobain (France),Salesforce (USA),Sony Corporation (Japan),Suez (France),Tata Steel (India),The Mosaic Company(USA),Tiger Brands (South Africa),Tongaat Hulett (South Africa),Unilever (United Kingdom),Veolia (France),Veragon Water Solutions (United Kingdom),Vitens NV (Netherlands),Villavicencio North American Trade Company S.A. de C.V. (Mexico),Weir Capacity Scotland (United Kingdom),Woolworths Holdings (South Africa),Stevy Worah Ozimo Youthsports Academy (USA).|
|Research and educational organisations||0|
|Regional / state / county actors||0|
|City / municipal actors||0|
|Financial Institutions||1||Tata Sons Limited (India)|
|Number of members in the years|| |
|Have only national states as participators||No|
|Transport||Agriculture||Forestry||Business||Financial institutions||Buildings||Industry||Waste||Cities and subnational governments||Short Term Pollutants||International maritime transport||Energy Supply||Fluorinated gases||Energy efficiency||Renewable energy||Supply chain emission reductions||Adaptation||Other||Resilience||Innovation||Energy Access and Efficiency||Private Finance|
Not only have national states as participators