Ecolab, Trucost and Microsoft Collaborate to Help Businesses Address Water Risks
March 21 2017 - 8:30AM
Business Wire
Expanded Water Risk Monetizer helps business
respond to water availability and quality challenges
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)
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version on businesswire.com: http://www.businesswire.com/news/home/20170321005640/en/
Ecolab Inc.Roman Blahoski,
651-250-4385Roman.Blahoski@Ecolab.com
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