Sustainable and Responsible Sourcing and Procurement
Green Logistics and Inventory Management
Sustainable business consortium, Ceres, published a report last week investigating the global food sector’s management of water scarcity risk. The report, entitled Feeding Ourselves Thirsty: How the Food Sector is Managing Global Water Risks, reveals that many agriculture, food and beverage companies are not making water risk a part of their decision making process.
Water scarcity is a rapidly growing problem in many parts of the world. It is especially critical for the food industry. Agriculture accounts for 70% of water use worldwide. As groundwater in many regions runs low and climate change exacerbates the issue, this industry in particular is at risk.
In the recently released 2015 State of Green Business Report, experts from GreenBiz and Trucost present some intriguing insights into the state of the sustainability profession. The researchers surveyed 945 sustainability professionals from around the US to assist in their assessment.
The results of the survey showed that while in-house sustainability teams have been growing over the past few years, the budgets that these teams have to work with are not increasing significantly. Around 40% of large companies have brought more manpower to their sustainability departments in the last two years. This seems to indicate that companies do consider it to be an important area that deserves the allocation of resources. However, at the same time, the majority of companies have stagnant sustainability budgets that remain relatively small. Three quarters of these annual budgets are less than $1 million, including many corporations with over $1 billion in revenue.
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