Given the magnitude of the hydric challenges we face globally, it is necessary to generate incentives for more and more companies to direct their efforts towards working collaboratively to promote transformative solutions for the communities in which they operate.
Part of our role as an impact company is to generate a common language and standardized metrics that serve as an incentive so that investing in water restoration projects is as safe as transparent.
The case of Meta is interesting, which has achieved efficient interventions with clear data on its achievements. The company declares that it will be Net Water Positive by 2030. During the journey towards that goal, it published in 2021 together with Limnotech the report “Volumetric Water Benefits ” (VWBA).
In the first words of the report, it states, “Meta takes a holistic approach to sustainable water management, incorporating efficient operations, reuse, and water restoration” and communicates in that report the collective actions it has taken, the scope of its project, who are its partners in this challenge and the liters of water it has managed to replenish in the basins in which it operates.
Accrediting, verifying, and certifying is the way for industries to measure and then disclose the goals to which they have committed, and it is also the way to measure the financial return on these investments.
Some Methodologies such as those of Limnotech have made interesting advances and bring us closer to a common conversation about how to measure, report and track water security initiatives backed by science. In fact, a new version of the VWBA has just been released that includes guidance points related to the eligibility and definition of water-related projects.
On this path we seek inspiration in examples such as carbon management, with all the lessons learned from that experience and, especially considering that in the case of water we are dealing with a vital and finite resource.
We invite you to share your opinions and perspectives. Together, we can build a more sustainable path to water security.
