World Water Week in Sweden was a highlight for Quantis last week, and we’re reflecting on the insightful discussions during the sessions we hosted, all centered on water sustainability. Here are the key takeaways that stood out to Sara Traubel, Lucie Gerber & Céline Chanal:
💧 Water strategy as risk mitigation: Developing a robust water strategy is crucial for mitigating climate risks and ensuring sound risk management in CSRD and TNFD/TCFD disclosures.
🔍 Impact of CSRD and CSDDD on supply chain transparency: These directives are driving significant efforts in supply chain transparency and water-related disclosures, leading to better decision-making and deeper supply chain knowledge in the long run.
🤝 Collective action at the basin level: Collaboration at the basin level is essential for effective water risk mitigation across the value chain. Leading companies are joining forces to implement nature-based solutions, delivering co-benefits like water conservation, biodiversity protection, and carbon sequestration.
🔧 Need for clarity in water stewardship standards: Unlike carbon, the water sector lacks standardized frameworks. It's crucial for the water community to help companies understand what "good" water stewardship entails to tackle global water challenges effectively.
🌱 Co-benefits of nature-based solutions: Nature-based solutions and regenerative agriculture offer significant potential for biodiversity, climate mitigation and water conservation, highlighting the importance of an integrated, holistic approach.
🚰 Importance of water action: Despite the complexity of water issues, leading companies are taking action in key water basins, driving positive change while benefiting local communities.
We extend our heartfelt thanks to all who participated in our sessions. Your insights and collaboration are invaluable as we work together towards a more sustainable future. 💪
#WorldWaterWeek #CSRD #sustainability
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