Expanded Water Risk Monetizer helps business respond to water
availability and quality challenges
ST. PAUL, Minn.--(BUSINESS WIRE)--
The Water
Risk Monetizer, industry’s first publicly available financial
modeling tool that enables businesses to factor current and future water
risks into decision making, now incorporates water quality into its
site-specific risk analysis to provide a more comprehensive risk
assessment. The enhanced tool helps businesses understand the impact of
water quantity and quality on their operations, and gives them the
insights they need to make more sustainable business decisions.
According to the United Nations, global demand for water will exceed
supply by 40 percent by 2030. The compounding impacts of decreasing
availability and declining water quality are now incorporated into the
Water Risk Monetizer risk assessment.
“The market price of water in most of the world does not account for
quantity and quality risks,” said Libby Bernick, global head of
Corporate Business for Trucost, part of S&P Dow Jones Indices. “This
disconnect between the market price and value of water makes it
difficult for businesses to substantiate investments in strategies that
address water risks. By utilizing Trucost’s data, analytics and insight,
the Water Risk Monetizer seeks to quantify water quality risks and the
potential impact of water scarcity on a facility to help businesses make
better informed decisions on water strategies and management.”
Developed by Ecolab, the global leader in water technologies and
services, and Trucost, a global leader in environmental data and risk
analysis, and built on Microsoft Azure Cloud technology, the Water Risk
Monetizer is designed to advance corporate water management in an
increasingly water-scarce world.
“At Microsoft, we see a great opportunity to use the cloud, IoT and
machine learning to transform water management,” said Judson Althoff,
executive vice president of worldwide commercial business for Microsoft
Corp. “We have worked with Ecolab and Trucost to develop a secure
solution that can listen, learn and predict. The Water Risk Monetizer
tool, powered by our cloud technologies, is able to turn data into
actionable insights to transform the way every business consumes and
manages water.”
The Water Risk Monetizer uses best-in-class local water basin datasets,
economic techniques and scientific methodologies developed by Trucost to
monetize water-related business risks. The tool quantifies the full
value of incoming and outgoing water to a specific location based on
basin-level quantity and quality considerations – taking into account
tangible factors such as scarcity and quality as well as less tangible
human health and environment impacts of water use. Risk levels for
individual facilities are displayed in comparison to current water costs.
New features of the Water Risk Monetizer include:
-
Assessment of incoming water risk based on water quantity and quality
-
Assessment of outgoing water risk based on water quality
-
Enterprise risk profile based on three-year projected output growth
and location-specific water stress
-
Incorporation of reputational risk exposure provided in partnership
with RepRisk
-
Enhanced user interface and functionality including the ability to
organize and sort facilities, and rank them based on risk level to
make it easier to prioritize action
“The impacts of water scarcity on business are complex and far
reaching,” said Christophe Beck, Ecolab executive vice president and
president, Nalco Water, an Ecolab company. “Successful business leaders
will drive water strategies that go beyond simply using less to reuse
and recycling. Data provided by the Water Risk Monetizer not only
encourages conservation but also helps make circular water management an
important and viable option to ensure a more resilient future for
businesses and communities.”
For more information and to try the tool, visit www.WaterRiskMonetizer.com.
About Ecolab
A trusted partner at more than one million customer locations, Ecolab
(ECL) is the global leader in water, hygiene and energy technologies and
services that protect people and vital resources. With 2016 sales of $13
billion and 48,000 associates, Ecolab delivers comprehensive solutions
and on-site service to promote safe food, maintain clean environments,
optimize water and energy use and improve operational efficiencies for
customers in the food, healthcare, energy, hospitality and industrial
markets in more than 170 countries around the world.
For more Ecolab news and information, visit www.ecolab.com.
Follow us on Twitter @ecolab
or Facebook at facebook.com/ecolab.
(ECL-C)
View source version on businesswire.com: http://www.businesswire.com/news/home/20170321005640/en/
Ecolab Inc.
Roman Blahoski, 651-250-4385
Roman.Blahoski@Ecolab.com
Source: Ecolab Inc.