-WaterInsight provides tools to make informed investments in sustainability-
TORONTO, June 15, 2011 /CNW Telbec/ - A new partnership was announced
following the 2nd Annual Canadian Water Summit that will allow companies to effectively manage water use in a
The Innovolve Group, a consulting firm that specializes in helping organizations integrate
sustainability into operations, has joined forces with Quantis, a life cycle assessment consulting firm that measures corporations'
impact on the environment, to offer a unique full-service program
called WaterInsight. The service fuses water measurement, stakeholder identification and risk
management approaches to help companies plan for a future where water
risk will increasingly impact the bottom line.
Companies can now bring in an expert to find out where, how and how much
water is being used throughout operations. A plan can then be created
to mitigate risks and take advantage of opportunities. For example, a
company may learn that their supplies require a lot of water to be
produced and are manufactured in areas with limited water, which is a
risk even when events like droughts take place on the other side of the
world. Conversely, they may learn that a targeted financial investment
would reduce the amount of water used in the production of their
products, which would decrease costs and improve competitiveness.
"Many companies have struggled to find concrete ways to accurately
measure and manage the water used in operations. This uncertainty
increasingly results in unnecessary corporate risk and missed
opportunities," said Dr. Anthony Watanabe, president & CEO of The
Innovolve Group. "WaterInsight gives corporations the expertise required to become global leaders in
sustainable water management, which will undoubtedly become an
advantage in the future."
According to a 2010 report by CDP Water Disclosure, 39 per cent of Global 500 companies have experienced significant
negative water-related impacts that have had adverse financial,
operational and reputational effects. WaterInsight will help companies measure, analyze and act on these issues to improve
the long-term sustainability and profitability of operations.
"Executives need solid data to understand the environmental landscape in
which they are working," said Etienne Boaknin, vice-president business
development North America of Quantis. "Without this information,
investing time and resources in sustainability and efficiency can be
counterproductive, expensive and detrimental to long-term success."
WaterInsight provides the knowledge, tools and training to allow companies to
successfully position themselves to remain prosperous and profitable in
an era of water uncertainty. More information can be found at: www.water-insight.com.
ABOUT THE INNOVOLVE GROUP:
The Innovolve Group is based in Toronto, Canada with offices in Montreal and New York. The
firm works with governments, corporations and non-governmental
organizations to maximize the value of investments in sustainability.
The firm employs sustainability analysts, communications and
stakeholder relations professionals and 'big thinkers' that connect the
dots and provide optimal value for clients. They participate in
numerous global initiatives such as the Asia Pacific Partnership on
Clean Development and Climate, and the World Green Building Council.
The Innovolve Group founded the Canadian Water Summit in 2010 and has a proven track record of fostering collaborative
approaches to sustainability strategy, engagement and commercialization
in such diverse sectors as water, green buildings, consumer products,
packaging and transportation. www.innovolve.com.
Quantis is a leading life cycle assessment (LCA) consulting firm specialized in
supporting companies to measure, understand and manage the
environmental impacts of their products, services and operations. Quantis is a global company with offices in the United States, Canada,
Switzerland and France and employs close to 70 people, including
internationally-renowned experts in the LCA field Quantis offers
cutting-edge services in environmental footprinting, eco design,
sustainable supply chains and environmental communication. Quantis has
a team of experts specialized in water footprinting and has launched a
partnership project to create a water database. Quantis also provides
innovative LCA software, Quantis SUITE 2.0, which enables organizations
to evaluate, analyze and manage their environmental footprint with
ease. Fuelled by its close ties with the scientific community and its
strategic research collaborations, Quantis has a strong track record in
applying its knowledge and expertise to accompany clients in
transforming LCA results into decisions and action plans. www.quantis-intl.com
SOURCE INNOVOLVE GROUP
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