Great insight on the emergence of the #CSRD/ESRS-E3 standard on Water & Marine resources from Nhung K. for Global Water Intelligence (GWI). This marks a pivotal moment for organizations to gauge and communicate their Water Resilience performance. As we navigate the waves of efficient water management, embracing transparency and meeting ESRS-E3 compliance is not just a necessity, but a strategic move towards accountability. Anticipating a positive ripple effect in the industry, urging businesses to reassess water consumption habits and extend the evaluation of water-related risks and opportunities across the entire value chain. While challenges like #DoubleMateriality Emphasis and the Complexity of #Water Impact, Risk & Opportunity Assessment are on the horizon, they present opportunities for growth and progress. #ESRSE3 #WaterManagement #CSR #Sustainability #climate #biodiversity
Under new EU standards kicking in this month, thousands of companies will have to begin assessing their water impact. 📜 Europe editor Lara Nash weighs the costs and benefits. Some sources suggest that it is likely to improve industrial #watermanagement; however, #waterindustry experts warn this may create a burden for overstretched water utility service providers. Companies under EU jurisdiction will be required to account for their environmental impact over the next three years, depending on their size, as a result of the Corporate Sustainability Reporting Directive. “It’s about understanding the actual imminent risk that your company faces, because up to now they haven’t taken the time to really analyse water risk,” said Patrick Moloney, director for sustainability consulting at Ramboll. “We’re all dismissive of the imminent risks like #waterscarcity, but it’s only when you see it in Euros [that] you really get people’s attention.” Explore the full article including a list of company types and compliance deadlines: https://lnkd.in/dArF9T9p
Water & Nature | Agriculture, F&B, Chemicals | Views are my own.
9moThank you for the mention John Driver - let me know in case you have more queries towards E3. 😊