This article was originally published in the Water Log newsletter. Click here to read the original.
4 May 2014 | Greetings! First things first: this is the final week of our 2014 Water Survey. We’re updating our global inventory of innovative projects investing in watershed protection. If you haven’t submitted project information yet, please get in touch with us.
Next week, we’ll be at the US Chamber of Commerce Foundation’s annual sustainability forum. This year’s theme is energy and water in business operations and supply chains; we’ll be chairing a session on barriers and risks to catalyzing business investment in natural infrastructure. It’s a great opportunity to connect with sustainability thought leaders in the private sector and dig into ‘nature and the nexus’. Join us!
Our team will also be covering the National Mitigation and Ecosystem Banking Conference in Denver May 6th-9th. Follow us on Twitter and check our home page for coverage starting next Monday.
Preparing the ‘State of Watershed Payments‘ report is always a big undertaking, but this year’s version has really brought into focus how big and diverse the watershed investments world is becoming. We’ve come a long way in a short time from payments for watershed services: every year we find new models for protecting natural infrastructure, new actors, and new motivations.
The news this month reflects that depth and variety. On one hand, we find business-friendly new tools for companies to manage their water risk, with improvements to the Water Risk Filter and a new batch of Water Restoration Certificates sold to protect the Colorado River Basin in US. Meanwhile, watershed investments look very different in Kenya, where a new water fund recently launched in Nairobi, or in Bolivia, where a ‘School of Reciprocal Environmental Agreements‘ trains water service providers in working with upstream communities on conservation projects to safeguard water supplies.
What do these stories have in common? The recognition of natural infrastructure values, and effective partnerships between water users to protect those values. The recent announcement that Nestlé and General Mills have signed on to the International Water Stewardship Standard suggests that the worlds of corporate water sustainability and local watershed investments are starting to collide, which is a good thing. The Water Stewardship Standard offers a framework for businesses and other major water users to go “beyond the fence,” managing water risk through collective action in both the watershed and the supply chain.
ââ‚¬â€ The Ecosystem Marketplace Team
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