Corporations Make Strides in Conserving Water
April 9th, 2012
Two companies, which the Missionary Oblates and other members of the Interfaith Center on Corporate Responsibility (ICCR), have engaged in long-term corporate dialogs, have adopted important water-use reduction and management goals.
The Coca-Cola Company has announced a goal of becoming water neutral in their direct operations by 2020, and has taken a leadership role in corporate water management efforts. Coca Cola released its fifth annual Global Water Stewardship and Replenish Report on World Water Day (March 22nd). The company also recently released its first GRI (Global Reporting Initiative) report, an important move to increase transparency of data on its sustainability efforts.
Ford Motor Company recently announced plans to cut the amount of water used to make each of its vehicles by 30 percent, as of 2015, compared with the amount of water used in 2009. Under its Global Water Management Initiative adopted in 2000, the company had already reduced water use per vehicle by 62% as of 2010. Ford has recognized water as a material issue, along with other environmental, human rights and financial impacts on the corporation, and has identified water as one of its top priorities. Operating as it does in a number of water-stressed areas, the car manufacturer is investing in technologies that make its manufacturing processes less water intensive, as well as technologies for treating and reusing wastewater.
The Missionary Oblates JPIC Office has increasingly focused on water in its faith-consistent investment work as a vital issue affecting the health and well being of people across the globe, but especially the poor living in water-stressed and water scarce areas.
- J.P. Morgan Chase Issues How we do Business Report in Response to Faith-based Shareholders December 19th, 2014
- Faith-Based Investors Get Better Governance at JP Morgan Chase December 17th, 2014
- Fr. Seamus Finn, OMI on Ford Foundation Mining Panel December 17th, 2014
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