The past two years have revealed the fragility and vulnerabilities of global supply chains. The COVID-19 pandemic and current conflicts have hindered the production, movement and availability of goods and services with significant economic and human impacts. The disruption that water insecurity creates in supply chains is equally real, but can fly under the radar in certain industries. Left unaddressed, it risks derailing global climate ambitions and efforts.

The need to deliver on key Sustainable Development Goals (SDGs) and climate commitments remains just as pressing, if not more urgent than ever before. The race to net zero is on, with all sectors of industry and society looking to reduce their reliance on fossil fuels and decrease greenhouse gas (GHG) or carbon emissions.

It is important to keep an eye on water security; decarbonization cannot come at the cost of adequate access to water. Treating water to standards suitable for consumption contributes an estimated 10% of global carbon emissions4 and yet wastewater itself is a source of energy and water.

Industry plays a crucial role in reducing freshwater withdrawals and minimizing energy expenditure on water transport and treatment, even when the connection between industrial activity and the local catchment or basin is not obvious. Replacing traditional surface and groundwater resources with a diversified mix requires innovation, which can be extremely challenging. While there is no shortage of good ideas, supporting these with sufficient capital and longevity to break through the most common innovation barriers (see Figures 1 and 2) is key.