cloud.go.se.com Water Scarcity Recognized as Major Business Risk Alongside Cybersecurity
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- •Water scarcity is now viewed as a critical business risk alongside cybersecurity.
- •98% of surveyed executives report water issues influencing business decisions.
- •The Cernavodă nuclear power plant remains offline due to poor water flow since mid-August.
A new report by Schneider Electric highlights that water availability, quality, and infrastructure constraints are now considered as business risks, comparable to cybersecurity threats. Conducted among 340 executives across Europe, the survey reveals that over 98% of respondents have made business decisions influenced by water-related issues. The report emphasizes that more than half of industrial leaders expect water risks to hinder growth within five years. Notably, the Cernavodă nuclear power plant in Romania has been offline since mid-August due to poor water flow, illustrating the severe impact of water scarcity. The report indicates that organizations are increasing investments in water efficiency and resilience, with 47% raising capital expenditure in this area. However, 58% of organizations still describe their water management capabilities as immature, indicating a gap between awareness and action.
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