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Population growth and economic development are putting increasing pressure on the planet’s limited freshwater resources, with the UN forecasting a 40% shortfall by 2030. The impacts of climate change are already being felt, with extreme weather events and unpredictable rainfall jeopardising the availability and quality of fresh water.
Many Swire businesses depend on access to reliable supplies of clean water. We use water in the beverages we make, to clean and cool our facilities, and in providing services to our customers. Our goal is to be water neutral by 2050. This means that, at a minimum, our business activities should have no net negative impact on local water systems.
Population growth and economic development are putting increasing pressure on the planet’s limited freshwater resources, with the UN forecasting a 40% shortfall by 2030. The impacts of climate change are already being felt, with extreme weather events and unpredictable rainfall jeopardising the availability and quality of fresh water.
Many Swire businesses depend on access to reliable supplies of clean water. We use water in the beverages we make, to clean and cool our facilities, and in providing services to our customers. Our goal is to be water neutral by 2050. This means that, at a minimum, our business activities should have no net negative impact on local water systems.
Water availability is highly location dependent. Each watershed may be exposed to different risks depending on climatic conditions and the changing demands of water users drawing from it. Swire uses the World Resources Institute’s (WRI) Aqueduct Water Risk Atlas to assess baseline water stress across our global operating locations. This allows us to understand location specific water risks, enabling a more targeted and strategic approach to water management.
Swire Coca-Cola evaluates site-specific water risks, including water availability and quality, for each of its bottling plants using The Coca-Cola Company’s Source Vulnerability Assessment process (SVAs). After undertaking SVAs, plants prepare water management plans (WMPs), which are updated every five years, or as required by The Coca-Cola Company.
