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ABOUT THE SMART WATER NAVIGATOR

OverviewAudienceApproachHistory


OVERVIEW

The Smart Water Navigator is a publicly-available, online tool that helps
organizations assess water risk, set informed, context-based water goals and
develop a plan to achieve them. The tool helps increase water resilience and
support responsible business growth by turning corporate water targets into
real, on-the-ground results. By assessing the impact of declining water quantity
and quality on operations, the Smart Water Navigator provides actionable
information to help companies turn water risks into business strategies that
enable growth. This is accomplished through a holistic approach to corporate
water management, supported by a practical guide to smart, sustainable water
practices at the facility level.


WHO SHOULD USE THE SMART WATER NAVIGATOR?

The tool is designed for use by a range of business decision-makers, including:

 * Individuals and teams who set enterprise business strategy for corporates
   (supply chain, operations, quality, engineering, sustainability)
 * Facility and operations managers (site level) – individuals and teams
   responsible for improving performance at the local level
 * Business consultants – third-party experts who help shape corporate strategy
 * Nongovernmental organizations (NGOs) – organizations that influence global
   water stewardship practices

The Smart Water Navigator uses targeted industry data for almost 100 industries,
from mining and construction to finance and food service. Visit your dashboard
and add a facility to explore all the industries served by the tool.

Add Facility


WHY THE SMART WATER NAVIGATOR?

Several water frameworks and tools provide a good starting point for
quantitative and systematic assessments of water risk. The Smart Water Navigator
incorporates data from these tools to create an integrated view of targeted
water risk data and action plans to mitigate and adapt to those risks. This
allows users to understand how they are doing in terms of smart water
management, what impact that could have on their business and how to improve
their water management strategy, all in one tool.

The relatively low price of water often means the risks associated with its use
are overlooked. The Smart Water Navigator helps businesses assess water-related
risks in order to understand the gap between what their business pays for water
and the potential costs of water risks to the business. The tool also provides
credible, actionable information that businesses can use to make more informed
decisions to protect against water quantity and quality constraints to growth.
The Water Risk Monetizer has helped businesses quantify the risk of increased
operating costs due to insufficient water quantity and quality. The Smart Water
Navigator has allowed users to set action plans to improve water management
practices in their enterprise. The Smart Water Navigator and Water Risk
Monetizer were combined into one tool in order to create a seamless user
experience along all points of creating and executing a smart water management
plan. The integration of the Water Risk Monetizer and the Smart Water Navigator
has continued to enhance benefits for businesses in monetizing risk and ensuring
alignment with industry trends.




HISTORY

2014



The Water Risk Monetizer was introduced to help businesses quantify the risk of
increased operating costs from insufficient quantity of incoming water.

2015



New functionality added to monetize revenue at risk. Underlying water risk data
sets were updated.

2017



New functionality added to monetize quality-related water risks. New user
interface was launched.

2019



Launched the Smart Water Navigator to help users along all steps of setting and
executing a water management strategy. Updated underlying global water risk
datasets.

2021



Started integration of the Water Risk Monetizer with the Smart Water Navigator
to create a seamless user experience. New functionality added to allow
benchmarking and tracking performance over time.

2024



Completed unification of the Water Risk Monetizer and Smart Water Navigator into
one tool: the Smart Water Navigator. Updated underlying water risk datasets.

Developed by Ecolab in collaboration with S&P Global Sustainable1

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