CoAct Database

Business Alliance for Water and Climate

Launched in 2015 at COP21, the “Business Alliance for Water and Climate” initiative demonstrates the crucial role of companies, through concrete commitments, in addressing the issue of sustainable management of water resources in the context of a changing climate. The long-term monitoring of commitments is ensured through the endorsement of the ‘CEO Water Mandate’ and reporting to CDP Water. The Alliance is led by the UN Global Compact’s CEO Water Mandate, CDP (ex-Carbon Disclosure Project) Water, WBCSD (World Business Council for Sustainable Development) Water and the French company SUEZ. All companies and private-sector-related organizations/networks can join the initiative. Each year, BAFWAC tracks and reports the progress of signatory companies towards the commitment at the UNFCCC Conference of Parties. COALMA is an initiative uniting the public and private sectors around the sustainable management of water resources, particularly in Morocco. During the 8th World Water Forum in Brasília in 2018, the Business Alliance for Water and Climate (BAFWAC) signed an agreement with the Moroccan Coalition for Water (COALMA) to collaborate on water and climate, in particular around knowledge sharing and policy engagement.