{"id":7869,"date":"2014-11-11T15:00:17","date_gmt":"2014-11-11T21:00:17","guid":{"rendered":"http:\/\/blitransfer.wpengine.com\/?p=7869"},"modified":"2017-06-21T14:17:22","modified_gmt":"2017-06-21T19:17:22","slug":"new-tool-quantifies-business-water-risk","status":"publish","type":"post","link":"https:\/\/bluelivingideas.com\/2014\/11\/11\/new-tool-quantifies-business-water-risk\/","title":{"rendered":"New Tool Quantifies Your Business’ Water Risk"},"content":{"rendered":"

\"WATER-RISK\"<\/a><\/p>\n

In a time when we\u2019re experiencing an increasingly drier climate, with a booming population and growing demand on water supplies, water scarcity is a very real risk, not only to individuals and communities, but also to businesses that require water in their operations.<\/p>\n

Water is all too often undervalued and its market price<\/a> is very different from its true costs, especially for businesses. Because of this, the forecasted financial risks to businesses that depend on regular access to clean water may not be accurately accounted for, as the potential impacts of water scarcity could be much higher than thought. To enable businesses to make better decisions when it comes to water-related risks, Ecolab and Trucost have developed a free online tool that quantifies those risks by calculating risk-adjusted prices for future water costs<\/a>.<\/p>\n

The Water Risk Monetizer, which is said to be the first modeling tool of its kind that allows businesses to factor water scarcity into their operations by quantifying them into financial terms. The scientific model used for the tool takes into consideration a number of variables that can impact a facility\u2019s water risk, including local water scarcity, and returns a financial assessment of water risks, calculated for 3-, 5-, and 10-year projections, thereby helping to identify the \u2018real value\u2019 of water to their operations.<\/p>\n

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Water Risk Monetizer Demo<\/h4>\n
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