The challenge
Water Targets by 2030: Measuring the Impact of Water Stewardship Projects with Waterplan
Companies make public commitments to become Water Neutral or even positive aligned with the 2030 Sustainable Development Goals (SDGs). Ensuring sustainable water use and reaching these public commitments represents a challenge: Finding and monitoring the most impactful water replenishment projects is particularly difficult in locations with limited access to high-resolution local water risk data, complex stakeholder communication, and a challenging sourcing process for implementing partners and fundable projects.
The solution
All-in-one SaaS platform for data management and partner sourcing, progress tracking, and comprehensive reporting.
Waterplan developed a platform to provide high-resolution, constantly updated water risk data for each location through a proprietary risk framework implementing a combination of remote sensing, hydrologic modeling, machine learning, local data, and automated media analysis.
Based on that high-resolution physical, regulatory, and reputational water risk data, Waterplan is able, at a fraction of the cost, to source highly relevant implementing partners capable of developing the most impactful and appropriate water stewardship projects.
Benefits
Risk Monitoring
Ongoing surveillance of the physical, infrastructure, regulatory, and reputational risks to determine whether they have materialized or new risks have emerged.
Implementing partners
Based on that high-resolution physical, regulatory, and reputational water risk data, Waterplan is able, at a fraction of the cost, to source highly relevant implementing partners capable of developing the most impactful and appropriate water stewardship projects.
Manage Projects and Monitoring Progress
With Waterplan companies can monitor and manage different projects all in one place, understanding their benefits, co-benefits, and timelines. Waterplan monitors the project's progress monthly and creates instant reports to share internally and externally.
The Results
The Waterplan platform has led to significant improvements in water stewardship for Top Corporate Companies with public commitments:
3x overall resources savings: achieved by implementing Waterplan's recommended water stewardship projects compared to traditional methods for the priority basins. Companies have seen considerable time savings as well as cost savings that come from reduced staffing requirements.
5x time saved: Waterplan's platform simplifies identifying water issues and finding implementing partners, saving companies time and effort. With easy-to-understand dashboards and a curated list of partners, companies can speed up their water security initiatives and achieve their goals more efficiently.
Simultaneous Management of Projects: Waterplan allows to Group projects into custom portfolios (by site, by basin, by country) to simplify and speed up management.
Executive-ready Reporting: The Waterplan platform makes it easy to generate professional-looking reports that showcase a company's commitment to water stewardship to its stakeholders, including partners, investors, customers, and employees.
+10x increased Accuracy in monitoring impact: Waterplan's high-resolution water data eliminates the need for manual data manipulation and provides precise information about watersheds, enabling companies to monitor the risk and impact of their water replenishment projects more accurately.
VWB Accounting: Waterplan's methodology offers a standardized approach and set of indicators to quantify and communicate volumetric water benefits aligned to VWB Accounting Framework and is automating Methods for Data Sourcing allowing for a more accurate estimation of the project's impact compared to manual estimations.
