After a couple of days to decompress and digest my experiences at this year’s Ceres Conference, some reflections:
Most educational/thought provoking session attended: “The Ripple Effect: Exploring financial risks along the water value chain”
I went to this one because I know that water is a growing part of the corporate sustainability story for a variety of reasons - resource depletion, rising costs, increasing expectations of stakeholders around disclosure/goal setting/action, connection to climate change, etc. – and wanted to jump start my understanding and vocabulary around the issue. The panelists were a terrific blend of water utilities (American Water), industrial water users (Molson Coors), and investors (Water Asset Management), guided in their discussion by a key stakeholder (Interfaith Council on Corporate Responsibility).
Rather than simply being three mini-presentations about financial risk/reporting, it was a very interesting dialog about the real pressures being put on the Earth’s water resources and the various roles these different entities had in both addressing challenges and creating opportunities that will ultimately move the needle, as it were, towards an integrated, more sustainable approach to managing what may be the most vital resource on the planet. While the statistics bandied about were a sobering look at where things stand and the current negative trends, overall the conversation focused on how much is and can be done by each of these constituencies, both individually and together.
Some key takeaways and factoids:
- A US household with an income around $36K annually spends around 3.8% of disposable income on electricity, but only 0.5% on water.
- In California, around 80% of water is used for agriculture, while the agriculture industry contributes around 2% of total state GDP.
- Tiered pricing – where the largest consumers pay higher rates – has become increasingly common in the electricity market, but is a very new sparsely utilized tool in the water market.
- When disclosing an organization’s water footprint, it isn’t enough to say how much was used/saved; you also have to talk about where the water comes from.
- There is colossal financial upside potential for companies in a position to address various water issues (efficiency, treatment, leak fix/detection, etc.).
I could really go on and on, and likely will in a later post. Some great content on this topic can be found in the Ceres report Murky Waters: Corporate Reporting on Water Risk.
Other conference observations:
- Starting your morning off with a plenary speaker that bums everyone out is not constructive. That isn’t to say we’re not there to talk about serious issues, but in a crowd of sustainability professionals, spending 20 minutes or so talking about how things are so much worse than we think is a demotivating waste. Seems kind of like going to a blood drive and preaching to people about the importance of giving blood. Rather, come with your big asks, your suggestions for how we professionals can help your cause, sprinkle in some key factoids that will help educate, but veer away from doom-saying.
- It’s really likely that many in the audience are also expert in many dimensions of the topics presented. Leave lots of time for Q&A – it’ll enrich the conversation.
Overall, a great conference as usual, with tons of opportunities to meet and talk with a range of committed, interesting folks from the investor, stakeholder, public and private sectors. Time well spent – nice going, Ceres!




