Advanced Water Risk Filter for World Wide Fund for Nature by Prognoz
Advanced Water Risk Filter for World Wide Fund for Nature by Prognoz: Online Analytics Tool helps companies make environmentally conscious decisions on Water Related Risk. Prognoz, a global provider of business analytics solutions, did the successful completion of Water Risk Filter 2.0 for the World Wide Fund for Nature (WWF). Building on work completed for the original Water Risk Filter, version 2.0 provides more advanced analytical capabilities that help companies and investors from all over the world assess water related risk to their operations or supply chain and seek guidance on best courses of action.
The Water Risk Filter combines the functionality of some of the existing tools into one tool, and provides input for other tools. For example, it uses the detailed river scarcity data from WFN, while providing answers to <80% of the questions of the CDP Water questionnaire. Water Risk Filter tool helps companies and investors ask the right questions about water. It allows you to assess risks and offers guidance on what to do in response. Water Risk Filter can be used to assess water related risks for your own operations, suppliers or growth plans. Regular re-assessments (annually) can show positive or negative trends. Also, it can be used to make strategic (long term) choices on your supply chain. The results of the risk assessment and the provided possible mitigation responses will provide you with guidance on where to focus on, including actions and programmes that can be initiated with suppliers, or other companies. For an investor or creditor, a risk assessment can help identify potentially significant risks for your client and therefore your return on investment.
Specific advancements of Water Risk Filter 2.0 include improved user experience with both new and updated data sets, ability to assess water risk related to production of more than 120 agricultural commodities, gain agriculture-specific information on footprints, crop sensitivity, land equipped for irrigation and nutrient application, determine water risk mitigation options, learn about risk mitigation options for industrial operations and agricultural supply chain and map facilities, investments, farms and suppliers globally.