Making the business case for tackling the effects of water scarcity and climate change in Latin America during the UN Climate Change negotiations in Lima
Water scarcity poses increasing risks to business and society. By investing in water security and tackling climate change, companies will see economic, social and environmental benefits as well as an improvement on their bottom lines. This is according to Fernando Zavala, President of our Peruvian subsidiary, who was speaking on a panel at the UNEP-sponsored Sustainable Innovation Forum at the United Nations Climate Change Conference in Lima during COP20 last month.
As a case in point Fernando highlighted the water challenges in Latin America, a region which accounts for one-third of SABMiller’s profits: “While abundant, water is often in the wrong place throughout Latin America, in areas of low population density. In Lima, for example, the second driest city after Cairo, Egypt, nearly 15% of the population has no access to the water network and depends on more expensive ways of obtaining water."
In Peru, like in our other markets, we are committed to growing sustainability and water security has become an important element of our work. Fernando Zavala
| President, Backus y Johnston