This is part 2 of a 5-part series revealing findings from SustainAbility’s recent report, "Targeting Value," which focuses on how to maximize impact through corporate sustainability goal setting. Part 3 will discuss what happens when a company fails a sustainability goal.

The identification of water as a major risk to business is far from new, but 2016 and 2017 brought accelerated adoption of the kind of water management strategies and goals most needed. Given the severity of water risks globally, corporate water goals are an essential component of high-impact sustainability goal-setting, as discussed in SustainAbility’s recent report, "Targeting Value."

CDP’s annual water management index and report, "Thirsty Business: Why water is vital to climate action (PDF)," show that in the last two years, corporate efforts to improve water management practices have surged, but there remains significant room for improvement and wider adoption of water management strategies and goals. A growing number of companies are engaging in goal-setting to some degree.

To read more from this article by Corrine Hanson on the GreenBiz website, click here.