The challenge

Nature-based solutions (NBS) provide an effective means for climate change adaptation and mitigation. Current methodologies for estimating the Volumetric Water Benefits (VWBs) of projects are manual, time-consuming, based on annual estimations from historical information and do not reflect the dynamically changing reality. Due to this, it is currently difficult for organisations to use a scalable & data-driven approach to measure the positive impact of water conservation efforts.

Overview

Coca-Cola Argentina worked together with Waterplan on the monitoring of one of their NBS activities to assess the capabilities of Waterplan’s platform and methodology. The monitoring of the project allowed Coca-Cola to get informative visuals and gain detailed insights on the project efforts. With all the consolidated data in place, key stakeholders could take decisions on current and future investments based on performance and cost-efficiency metrics.

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"Waterplan brought a substantial step up in water projects monitoring and impact measurement. We are thrilled by the possibility of applying this innovative platform that combines efficiency, accuracy, and time savings."

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Industry

The Coca-Cola Company is a beverage retailer, manufacturer and marketer of non-alcoholic beverage concentrates and syrups. The company's flagship product is Coca-Cola, but it offers more than 500 brands in over 200 countries or territories and serves 1.6bn servings each day.

Commitment to Sustainability

“We have a responsibility to respect and protect water resources.   Water is not only the first ingredient in most of our beverages but it's also central to the long-term success of our business and the health of our communities. Our water strategy focuses on sustainable water security through local water replenishment, advocacy for smart water policies, and responsible water use throughout our operations and communities.”

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Solution

Waterplan analyzed the VWB of the project, consolidating the data and monitoring results in the platform.  Even though the project started back in 2016, recreation of the baseline conditions was possible thanks to the propietary Waterplan methodology that leverage on remote sensing and historical information. Transparency in the results and quantification procedures is also possible as Waterplan methodologies are openly shared with all the members of the company. These methodologies are well-documented, compliant with existing scientific practices in the field of hydrology and remote sensing, and reviewed by experts from different world-recognized water institutions.

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Given the success of the work together, Coca-Cola will continue to leverage on Waterplan to consolidate the tracking of water stewardship activities to ensure that the expected benefits are met in the long term.