Tongaat Hulett recognised as global leader in sustainable water
Tongaat Hulett has been recognised as a global leader in sustainable water management and has been awarded a position on this year’s Water A-List by CDP, the non-profit global environmental disclosure platform.
The Water A List comprises 73 global companies, and is published alongside similar lists for corporate leadership on climate and forests. The Water A List has been produced at the request of 827 investors with assets of over US$100 trillion. Hundreds of companies submit annual water disclosures to CDP for independent assessment against its scoring methodology.
Tongaat Hulett is among 10% of companies participating in CDP’s water program that have been included on the Water A List, in recognition of its actions in the last reporting year to manage water more sustainably.
Peter Staude CEO of Tongaat Hulett says, “Water is an essential input in the business and all operations are affected by the variability associated with water availability. To this end, Tongaat Hulett is partnering with various stakeholders including the uMhlathuze Water Stewardship Partnership to manage this resource. Inclusion in CDP’s Water A-List confirms our prudent management of this scarce resource and is further acknowledgement of the business’s ongoing commitment to water recycling and reuse whenever possible”.
The Water A List is released alongside the Climate A List and Forests A List on CDP’s website, with case studies from leading companies. This is the first year that the non-profit has announced company scores across all three areas simultaneously, reflecting a holistic approach to corporate sustainability.
CDP’s Executive Chair Paul Dickinson said: “Congratulations to all the companies that made it onto the Water A List this year. Climate change, industrialisation and population growth are putting unprecedented pressure on water supplies. 43% of companies say they’re already facing water risks that could disrupt their business. Because of this, companies are stepping up for a water secure world, moving us towards a tipping point on environmental action”.
The Water A-List and other company scores are available on CDP’s website: https://www.cdp.net/en/scores-2017
The scores are released on the same day as CDP’s second annual analysis in the series: Tracking progress on corporate climate action. This year’s assessment reveals that more companies are setting increasingly ambitious and longer-term climate targets, while the transition to a low-carbon economy is also driving product innovation and the uptake of new tools for change.
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$100 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 6,300 companies with some 55% of global market capitalisation disclosed environmental data through CDP in 2017. This is in addition to the over 500 cities and 100 states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Please visit www.cdp.net or follow us @CDP to find out more.
The methodology and criteria for the Water A List are available on CDP’s website.