March 22nd marks World Water Day, a pivotal moment to confront the escalating crisis of freshwater scarcity. Established by the United Nations in 1993, this annual observance serves as a powerful reminder of water's indispensable role in our ecosystems, economies, and lives. This year, with the 2025 theme "Preserving Our Glaciers," the urgency is undeniable. We stand at a critical juncture where the fate of our glaciers directly impacts the world's water security and climate resilience.
Glaciers, those magnificent ice formations, are more than just scenic wonders. They are "climate indicators," providing unequivocal evidence of global warming. Their accelerated melting, a direct consequence of rising greenhouse gas (GHG) emissions, is a stark warning we cannot afford to ignore. Research reveals that without immediate action, glaciers in half of the world's UNESCO World Heritage sites could vanish by 2100.
This World Water Day, we must acknowledge the sheer scale of what's at stake. Less than 2.5% of Earth's water is useable as fresh water, and the frozen reservoirs we know as glaciers hold nearly 70% of that. These glaciers are vital for rivers, lakes, and aquifers that sustain life. The loss of glaciers threatens to destabilize water supplies, triggering droughts, food insecurity, and potential conflicts.
As climate risks translate into financial risks, businesses are increasingly accountable. World Water Day underscores the need for proactive corporate action. Regulations like California's SB-261, coupled with frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD), are driving the demand for transparent climate-related financial disclosures.
On this World Water Day, we emphasize the importance of robust Climate Risk Assessments and Water Risk Assessments. Climate Risk Assessments evaluate portfolio exposure to physical hazards like drought, heatwaves, and flooding, while Water Risk Assessments assess water usage, dependency, and vulnerabilities through indicators like water stress and depletion.
At ENGIE Impact, we help organizations manage their resources and conduct these critical assessments, ensuring compliance and fostering resilience. We help organizations navigate the complexities of climate change and water scarcity, turning risk into strategic advantage.
Preserving glaciers and safeguarding our freshwater supply demands a collective effort. The most effective strategy is to drastically reduce GHG emissions. Limiting global warming to 1.5°C could save glaciers in two-thirds of World Heritage sites.
This World Water Day, let us commit to:
The intersection of policy, corporate responsibility, and individual action is crucial for preserving our glaciers and freshwater resources. By acting locally and thinking globally, we can ensure a resilient and sustainable future for all. Let us move beyond awareness and embrace action. This World Water Day, let us commit to safeguarding the source of life for generations to come.
