Description/achievement of initiative
Preparing for and adapting to new climate realities will be a defining challenge of the 21st century. Recognizing the considerable environmental, social, and economic value at stake from worsening water stress and climate change, the private sector created the Business Alliance for Water and Climate (BAFWAC).
BAFWAC companies commit to:
1. Analyzing and sharing water-related risks to implement collaborative response strategies.
2. Measuring and reporting water use data.
3. Reducing impacts on water in operations and throughout the value chain.
Annually, BAFWAC tracks and reports the progress of signatory companies towards the commitment at the UNFCCC Conference of Parties.
Implementation methodologies
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure
BAFWAC was jointly launched by CDP, the CEO Water Mandate, SUEZ, and the World Business Council for Sustainable Development in December 2015 and has since been endorsed by the United Nations Framework Convention on Climate Change.
Partner(s)
The CEO Water Mandate, CDP, World Business Council for Sustainable Development, SUEZ
12/2018
