Multinational companies are investing in water saving solutions. Leading organizations are showing the way forward by having a crystal clear plan regarding their water usage and sustainability goals. The ROI (Return on investment) on water saving solutions will not only be in financial terms but also contribute to long term sustainability targets. Organizations that have full visibility and control over water usage are more likely to achieve targets in financial and sustainability terms.
By 2030, the gap between the world’s renewable water supply and demand is expected to be 40%, putting a new urgency on addressing the water crisis. Water is essential for life, yet it is becoming increasingly scarce. The gap between worldwide demand and fresh water resources is estimated to increase to 40% by 2030. Climate change, growing populations, and the transformation to clean energy have the potential to destabilize the imbalance. Currently, a quarter of the world’s population lacks access to safe drinking water, and nearly half of the population lacks sanitary facilities. Water scarcity causes food scarcity in most areas, especially at a time when droughts and flooding are becoming more common and severe. Water saving solutions are now a critical factor for businesses to not only get a Return on Investment (ROI) but to also future proof your business and combat water scarcity.
Green Business is Good Business
Many businesses opt to create sustainable business practices because they simply believe that operating a sustainable firm is “the right thing to do.” Helping to safeguard the environment and solve environmental issues are noble issues that all businesses should support. This article gives an outline for both the ROI (Return On Investment), and other business benefits of implementing water saving solutions.
Forward thinking sustainable companies
Forward thinking sustainable companies are investing in water saving solutions for the following reasons:
- FUTURE PROOF TO BUSINESS – With the rising water and energy costs having full visibility and control over water usage across the portfolio is a must for cost-control and sustainability targets.
- IMPROVED REPUTATION VALUE – Sustainable and green organizations are thought to be more legitimate, trustworthy, and ethical.
- ADVANCED BRAND IMAGE -The brand is more significant than everything else. People will identify “good” with your brand if they know your company cares about the environment and society. This will boost your entire brand image. Sustainable organizations are indeed thought to be more trustworthy, with higher-quality products and services. When compared to brands without a sense of purpose, major brands with a sense of purpose see double the revenue growth. Improved and raised brand value could lead to better value and the flexibility to charge more, resulting in higher bottom-line revenues.
- NEW CLIENTS – Being identified as a sustainable business will bring in new clients, particularly individuals and businesses looking for environmentally friendly enterprises, goods, and services.
- COMPETITIVE ADVANTAGE – Being environmentally friendly helps you to stand out in a crowded market. In fact, it is now typical to see requests for bids from rival suppliers bidding on a contract that include sustainability information.
Smart water metering and Water saving solutions
You can’t manage what you can’t measure, as the old saying goes. Despite this, an estimated 30% of the world’s water is not metered. Many of the existing systems are old and outdated, relying on “meter readers” to manually monitor water usage. Smart metering and digital technologies could help utilities better understand demand patterns, manage water supply, and enhance billing and planning by allowing them to detect equipment leaks and theft.
Simultaneously, a more accurate analysis of water consumption—and perhaps higher costs – provide more motivation for individuals and businesses to reassess their water usage, invest in water-saving technologies, and take other steps for utilizing less of this valuable natural resource.
Water Usage- Reconsidered by Organizations
Although agriculture is one of the largest users of freshwater, the rising water crisis will undoubtedly compel all industries to reconsider their water usage. By far the most water-intensive industries are energy and utilities, followed by mining and cement. Desalinated saltwater, water recycling, and other revolutionary technologies will be considered necessary by companies in these sub-industries. Pharmaceuticals, beverages, semiconductors, clothing, and data centers investors should keep an eye on what these organizations in these sectors are doing to make every drop matter.
What is a water sustainability plan and why do you need it?
Sustainable architecture design is the practice of designing structures and procedures that are ecologically responsible and resource-efficient throughout a building’s life cycle, from site selection to design, construction, operation, maintenance, renovation, and finally demolition. A sustainability plan is now required to make building design and construction efficient, as well as to set benchmarks against which building plans should be evaluated.
Sustainable buildings can achieve this through utilizing energy, water, and other resources efficiently, safeguarding occupant wellness, increasing workforce productivity, and minimizing waste, pollution, and ecological pollution.
Furthermore, the National Institute of Building Sciences identifies six basic principles of sustainable construction:
1. Maximize the site’s potential.
2. Optimize energy usage
3. Optimize the water usage and water conservation
4. Optimum usage of available building space and materials.
5. Improve the quality of the indoor environment (IEQ)
6. Optimize operational and maintenance procedures
While it may appear that there is a lot to think about, we know that your firm is detail-oriented and understands these principles. What your organization might not realize is that by making water conservation a key priority, you can make a big difference.
Why should you prioritize water conservation in your sustainability strategy?
Water is gradually becoming one of the most valuable and declining resources on the planet. Water is a physiological base, according to Maslow’s hierarchy of needs, that must be met before we can achieve higher demands like profound thought or growth. Water conservation is a foundational step for establishing a net-zero building, which is quite comparable to a sustainable construction plan. The rest of the six principles fall into place when water conservation is considered first.
How to address water conservation goals for long-term strategy.
There are numerous ways to achieve the requirements that buildings must meet in order to be considered water-conserving, from using greywater systems to landscaping with native plants. However, we have found that the best way to conserve water is to adopt a smart water conservation strategy. There are industry leading water technologies in the market which can monitor water usage, but SMART FLOW provides intelligent water optimization utilizing Artificial intelligence with monitoring agents.
SMART FLOW is concerned about water conservation. Many businesses are applying a variety of strategies in order to achieve water sustainability. SMART FLOW offers sophisticated water optimization technology that saves money on water. SMART FLOW offers intelligent water optimization technology that can save you up to 30% on water expenses while also providing 24/7 real-time water monitoring and technology to help you achieve your water sustainability goals.