Global 500
Molson Coors Brewing Company commentary Peter Swinburn, President & CEO
This year’s CDP Water Disclosure findings show nearly 60% of companies have water risk to their operations and most view it as a current or near-term risk. Water is a very real business and societal issue — one that challenges us globally but must be solved locally. With a global network of local breweries, our experience is in line with these findings. It is why water is a top priority in our corporate responsibility agenda.
Molson Coors has always believed that companies play a critical role in working with local water interests to ensure a sustainable watershed. Part of that responsibility is not only to provide transparent reporting ourselves but also promote disclosure by all water users. Transparency is one of six elements making up our global water strategy, a strategy managed by a cross-functional steering committee with oversight from executive leadership and our board of directors.
Transparent reporting has instilled in our company a discipline that benefits not only shareholders, but also our local communities. Our reporting commitments require that we have conversations around local water challenges that previously might not have been discussed. This candor and heightened awareness has extended to stakeholder forums in brewery watersheds across our markets. We are working to involve our supply chain through grower outreach in the UK and the US.
Without great water, we can’t make great beer. And, water matters to the people who matter to us – our customers, consumers and communities. We look forward to continuing to work with CDP Water Disclosure and its reporting companies. It is only through sharing our challenges and best practices that companies can move towards a more secure water future.
Norges Bank Investment Management (NBIM) commentary Anne Kvam, Global Head of Ownership and manager of the Government Pension Fund Global
As a lead sponsor of CDP Water Disclosure, NBIM is pleased with the notable increase in companies that responded to this year’s water disclosure questionnaire. The answers suggest that companies are placing more weight on water issues, which are both a risk and an opportunity for most of these businesses.
The results also suggest that company boards need to strengthen oversight of water issues. Another concern is the low awareness of water-related risks in their supply chains. In some sectors, risks are greater in the supply chain than in a company’s direct operations.
Table 1: Trends among first time respondents Questionnaire Responses
Board-level oversight of water policy, strategy, or plan Able to identify operations in water-stressed regions
Ability to identify key water-intensive inputs from regions with water-related risk
Exposed to risks in direct operations
Yes No
Don't Know
First Time Respondents 41%
78% 25% 58%
31% 12%
Previous Respondents 65%
94% 33% 54%
40% 5%
As a long-term investor in about 8,000 companies worldwide, NBIM takes water management seriously. We expect companies to consider and report on the risks of increasingly scarce water supplies and water pollution. Failure to manage these risks may hurt their profits and, consequently, our investments.
The CDP Water Disclosure questionnaire provides critical information for managing water-related risks in our portfolio. We commend CDP Water Disclosure on its work and will continue to support this important initiative.
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