General Mills Drafts Water Policy
General Mills released a new water policy this week that aims to improve the health of watersheds, particularly those critical to the companyâ€™s business.
It involves a four-phase strategy:
- Global assessment of water stress to identify priority watersheds.
- Deep-dive analysis of priority watersheds to understand challenges and opportunities, including positive and negative impact of General Mills operations.
- Establishment of a multi-stakeholder science-based water stewardship action plan, including consultation with local stakeholders from relevant sectors (industry, agriculture, government, NGO, and communities).
- Implementation of water stewardship plan and monitoring for outcomes.
General Mills also this week signed the CEO Water Mandate, a public-private initiative launched in 2007 by UN Secretary-General Ban Ki-moon to encourage companies to develop, implement and disclose water sustainability policies and practices.
Two thirds of the worldâ€™s largest companies â€” including Merck, Unilever and H&M â€” are reporting exposure to water risks, some of which have potential to limit growth, according to CDPâ€™s latest annual global water report published earlier this month.
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