Sugar producer Tongaat Hulett has been awarded a position on this year’s Water A-List by nonprofit global environmental disclosure platform CDP.
The Water A-List comprises 73 global companies and is published alongside similar lists for corporate leadership on climate change and forests.
“Water is an essential input in the business and all operations are affected by the variability associated with water availability. To this end, Tongaat Hulett is partnering with various stakeholders including the uMhlathuze Water Stewardship Programme to manage this resource,” CEO Peter Staude said in a statement.
Tongaat Hulett is among 10% of companies participating in CDP’s water programme that have been included on the Water A-List in recognition of its actions in the last reporting year to manage water more sustainably.
This is the first year that the nonprofit organisation has announced company scores across all three areas of water, climate change and forests simultaneously, reflecting a holistic approach to corporate sustainability.
“Congratulations to all the companies that made it onto the Water A-List this year. Climate change, industrialisation and population growth are putting unprecedented pressure on water supplies.
“Forty-three per cent of companies say they’re already facing water risks that could disrupt their business. Because of this, companies are stepping up for a water secure world, moving us towards a tipping point on environmental action,” CDP chairperson Paul Dickinson said.