Ecolab is helping companies of all stripes sharpen their focus on what clean water really means to their business and their communities.
For more than 90 years, Ecolab (NYSE: ECL) has been a leader in water management. While clean water hasn’t always been a popular topic, it is essential to the daily lives of everyone on the planet.
That’s why Ecolab is rallying around World Water Day, observed annually on March 22nd. This commemorative day was declared by the United Nations more than twenty years ago. Its aim is to raise awareness about the world’s water crisis, in which more than 663 million people live without a safe water supply close to home.
This year Ecolab is doing more than just shining a light on the problem—it’s using the day as an opportunity to show the way forward. On World Water Day, Ecolab will unveil the newest generation of the Water Risk Monetizer, an online tool available to the public that quantifies the real value of water to a business while also showing the impact of water scarcity on their bottom lines.
Ecolab states that at the core of their vision is the conviction that diminishing access to clean water is one of the most serious risks facing the world today. The company says that the latest upgrade of the Water Risk Monetizer is just one example of its leadership and its commitment to advancing smarter water management across industries.
It’s an axiom in business that “what gets measured gets done.” By revealing the operational costs and related balance-sheet risks of water use and water scarcity, Ecolab hopes to make the issue of responsible water use a perennial one for executives and corporate boards.
The Water Risk Monetizer is powered by Microsoft and Trucost, a London-based firm that develops scientific models to estimate the hidden costs of using natural resources. And on March 22nd, at the New York Stock Exchange, Ecolab will unveil a host of new Water Risk Monetizer features. Those include a deeper level of risk analysis, allowing managers to find site-specific data intelligence on water availability and quality. Furthermore, new functionality allows the tool to translate that data into actionable insights for businesses around the world.
For water-dependent companies, the mission-critical analytics and holistic strategies that the Water Risk Monetizer offers come at the right time, both for their business and for the planet as a whole. The United Nations’ 2015 Sustainable Development Goals made water a priority, putting it at the center of its fight against extreme poverty. The goals include ensuring that everyone has access to safe water by 2030.
To draw attention to those aims, to the global water crisis, and to the ways that businesses can be part of the solution while helping their own bottom lines, Ecolab’s World Water Day event at the Exchange will feature top executives from Ecolab to discuss the global water shortage and present the new features of the Water Risk Monetizer. Corporate leaders from multinational companies will also share their case studies on how improved water-risk management can boost business resiliency and help drive water-efficiency financing.