Quantis and our partners at the World Resources Institute, LimnoTech and Valuing Nature have developed a new approach for implementing and valuing water stewardship activities. The Volumetric Water Benefit Accounting (VWBA) meets a critical need in corporate water stewardship: it provides a common method for assessing the benefits of water stewardship activities in a comparable way and ensuring they address current or projected water challenges and contribute to public policy priorities.
VWBA empowers companies with a comprehensive, standardized and science-based methodology to calculate and valuate the benefits of water stewardship activities. This new method enables businesses and other key stakeholders to better tackle shared water risks at catchment-scale.
Water is a shared resource with very localized impacts, so companies have to work with other stakeholders to address shared water challenges at catchment-level.
Amid rising water risks aggravated by climate change, businesses are under growing pressure to demonstrate their efforts to tackle water-related challenges in their value chain and to develop holistic water strategies. This new methodology supports companies at every stage of evaluating the water stewardship activities — from identifying shared water challenges and defining water stewardship project activities and partners, to gathering data, calculating volumetric benefits and communicating about their activities.
Rich in practical case studies and concrete methodological guidance, the VWBA was developed through multi-stakeholder consultation with feedback from an expert advisory group, project partners, stakeholders and practitioners in water stewardship. It complements and supplements existing water stewardship methods.
To ensure this new guidance has the maximum positive impact on the global water crisis, we committed to develop a guidance that:
1+ is practical and applicable for industry, financial and government decision-making;
2+ yields credible results that are trusted by key stakeholder groups; and
3+ is informed by the best available science and practitioner experience.
Ready to dive into your water strategy?
To get started on your journey, contact our water expert.
Senior Sustainability Consultant