Water is one of the world’s most precious resources and it is valued and used by everyone on the planet, including by companies who need water as a critical input to production and by communities who rely on water for health and sanitation. Inadequate water and sanitation services cause increased costs to society from sickness, mortality, and loss of productivity. Globally, 660 million people lack access to an improved source of water and 2.4 billion lack access to improved sanitation facilities, leading to poor health and environment conditions.
Increased water stress from urbanization, climate change, and industrial use will continue to widen the gap between available supply and demand. To achieve SDG6 targets for water by 2030, annual investments need to increase by $150 billion to $410 billion per year.
IFC is uniquely placed to act as a trusted advisor and neutral convener to develop shared solutions to water challenges facing the private sector, government, and civil society.
IFC’s Sustainable Infrastructure Advisory’s work includes:
Training and Awareness Raising: Convening forums, training programs, and best practice guidelines to educate companies and interested stakeholders about water issues.
Identifying Water Risks: Developing tools to assist companies identify social water risks and build an internal business case to respond through financial justification.
Responding to Water Risks: Guiding interventions to address water risks, including stakeholder engagement strategies and strategic community investment programs.
Financial Support: Connecting clients with IFC financing mechanisms for investment in water efficiency projects, and/or community engagement programs at the asset level.
Advice: Acting as an honest broker to advise companies, government and civil society on water-related issues.