Water Synergy Project
For more than five years the US BCSD has been working with 20+ diverse companies in the lower Mississippi River Basin to address a range of water supply, water quality, storm water and coastal resiliency risks. Several members are working with a number of Louisiana state agencies to develop a framework and guidance towards the design of a Water Quality Trading framework to address water quality concerns. Others have explored new options for wetlands restoration through changes in water management. Projects and policy recommendations have emerged that have been greeted with high interest by state and local agencies, academia, and NGOs.
This multi-sector collaboration demonstrates that there is considerable regional interest in using the speed and efficiency of market-based institutions to seek out ways of converting water-related challenges into economic opportunities, and to develop a collective capacity for conserving watershed-based ecosystems that provide value to private and public-sector stakeholders.
The US BCSD uses structured work processes to provide a “safe” zone among companies to build trust and business relationships needed for information sharing that leads to the inventive thinking and action necessary to achieve these goals.
Achieve tangible water synergy benefits for participating companies and the communities where they operate.
Link the efforts of the private sector with those underway in the public sector.
Establish a long-term water collaboration plan for this region.
Develop a replicable work process that can be applied in other watersheds/ regions.
“I think the Water Synergy Project was and is a great idea. All that I can say is that the sky is the limit as to where it can go and is up to the team to determine. The best thing about the project is the diverse group of stakeholders at all levels that it brought together. We have industry, agriculture, and regulatory representatives sitting at the same table, working together to develop innovative solutions to complex issues. I would be glad to discuss the Water Synergy Project with people from other regions.” Eric Hillman, EHS Specialist, BASF
Path to Scale
Idea (2012): adapt the US BCSD's regional work process, proven effective on materials reuse projects, to address local water issues in water-stressed regions.
Action (current): four years in, participating companies in southern Louisiana are continuing to work together to identify and implement actionable projects and opportunities. Examples are outlined below.
Scale: replicate the project in multiple regions across the US, deploy the coastal zone resiliency financing initiative, and share our results world-wide for international adoption.
Louisiana Water Synergy Project Participants
financial supporters, partners, collaborators and stakeholders include
Based on participant feedback, one of the most important values this project delivers is that it brings business leaders from multiple industries together with government, academic, and NGO leaders to discuss challenges, develop solutions, and take action on regional water sustainability issues. That was not happening before this project. Because of this success, US BCSD is identifying other watersheds where this type of project can be replicated.
The project is receiving increased recognition as an effective and scalable business solution for watershed stewardship. Yale University has featured the project in the Yale Global Natural Capital MBA course, highlighting how participation is supporting Coca-Cola’s corporate commitment to sustainable water use for their operations. Because of this success, the US BCSD is identifying other watersheds where this type of project can be replicated. The following projects demonstrate the types of collaborative work underway in the project and expected outcomes.
Coastal Zone Resiliency Financing Initiative
The Water Synergy Project has identified challenges around the availability of funding, especially for capital investments in natural or hybrid (green-gray) infrastructure that can scale up coastal restoration efforts. A wide variety of infrastructure projects, such as marsh vegetative planting, breakwaters, sediment diversions, and others, are proposed to support coastal zone protection and restoration. These projects can create multiple benefits for multiple beneficiaries that may make projects extremely valuable. However, the benefits are not easily collected, quantified, and monetized in a way, or with the relevant metrics, that are essential to either public or private funders. Real projects and focused attention on applicable investment mechanisms are needed to bridge this gap.
Louisiana Coastal Zone Game
With funding support from ConocoPhillips and Entergy, the University of Virginia Center for Leadership Simulation and Gaming has built a multi-player simulation game of the Louisiana Gulf Coast to engage and educate stakeholders about coastal resilience challenges and solutions. The game focuses on environmental issues and impacts but includes a broader range of social economic consequences. It offers a proven approach to simulating constructive conversations around critical issues and collaborative solutions.
Water Quality/Ecosystem Service Trading Program
In 2017, project participants partnered with environmental, agricultural, and coastal protection agencies to design a framework and develop guidance for a Water Quality Trading Program for Louisiana. Building on a revised statute passed in June 2017, the effort will facilitate trades between industrial and municipal point sources with agricultural and other types of non-point sources. This program will demonstrate that voluntary, market-based solutions can successfully improve water quality in Louisiana, the Mississippi River, and ultimately the Gulf of Mexico at a lower cost and more efficiently than traditional regulatory approaches.
Other projects have included developing a database that companies can use to support their Clean Water Act section 316b permit requirements. Another project was development of an inventory of industrial nutrient discharges in the region was compiled to allow regulators to fully understand the actual contribution from industry relative to other types of sources. The format of the Water Synergy Project provides a platform for members to share information on their own specific efforts to raise awareness and encourage other members to participate. For example, the Entergy-Tierra Resources wetland restoration project and the Lake Pontchartrain Foundation derelict crab trap recovery project are often highlighted, resulting in participation by others.
Restore the Earth Foundation Strategic Alliance
The US BCSD has formed a strategic alliance with Restore the Earth Foundation to apply a business-led model to landscape scale restoration. Various parties are working jointly implementing a 4,000-acre coastal restoration project at the Pointe-aux-Chenes Wildlife Management Area, southeast of Houma, Louisiana. Results of the project will be quantified and monetized using REF EcoMetrics to provide metrics to Collaborative Fund participants allowing them to account for the environmental, social and economic value created by their investments. This project broke ground on October 27, 2016. Phase I consisting of the first one thousand acres is completed, and Phase II will commence in 2018.
By contributing to the Collaborative Fund, corporate partners will be able to demonstrate and report on the value their investment creates. Restore the Earth’s EcoMetrics™ Model quantifies the full financial value of the restoration’s environmental, social, and economic impacts, aligned with the International Integrated Reporting Council (IIRC)’s Framework. Their model proves that for every $1 invested in restoration, more than $9 in value is created. Corporate partners also benefit from third-party-verified carbon, nitrogen, water, and phosphorus offsets.
The US BCSD's Louisiana Water Synergy Project, described above, will serve as the platform for this joint work.
If you are interested in learning more about the US BCSD/Restore the Earth Collaborative Fund or Restore the Earth’s EcoMetrics Model, accounting for the value of landscape-scale restoration, contact:
Restore the Earth Foundation, Inc. is 501(c)(3) not for profit, its mission is to restore the Earth’s essential forest and wetland ecosystems, delivering outstanding environmental, social and economic returns. Restore the Earth has secured over $35 million from private and public sources and has successfully restored over 45,000 acres along America’s Gulf Coast. Today, these reforested areas have restored habitat, created jobs, and brought back the landscape’s green attributes and benefits that contribute so much to the nation’s communities and culture. To learn more, please visit www.restoretheearth.org.
The Water Institute of the Gulf Strategic Alliance
About The Water Institute of the Gulf
The Water Institute of the Gulf is a not-for-profit, independent research institute dedicated to advancing the understanding of coastal, deltaic, river and water resource systems, both within the Gulf Coast and around the world. This mission supports the practical application of innovative science and engineering, providing solutions that benefit society. For more information, visit www.thewaterinstitute.org.
The Water Institute of the Gulf and the US BCSD, two groups that have separately tackled a number of issues involving the protective role played by the region’s eroding wetlands and the importance of Louisiana’s water resources, are now joining forces to collaborate on applied research aimed at finding solutions to water challenges in the region and around the world.
"We're extremely excited to add the US BCSD to our strong network of partners,” said Chip Groat, Ph.D., president and CEO of The Water Institute. “The council’s relationships with the private sector will add valuable capacity to efforts to meet challenges and develop solutions across the Gulf Coast, the nation and beyond.”
“This collaboration will provide valuable technical expertise to project participants as they tackle water challenges that are key to their businesses and communities,” said Andrew Mangan, executive director of the US BCSD. “Together, our two organizations will seek ways to convert water challenges to economic opportunities in ways that benefit people, ecosystems and businesses.
Gulf Coast Industrial Infrastructure Work Group
The US BCSD is working with The Water Institute of the Gulf to bring business leaders together with other investors to collaboratively fund projects to reduce coastal resiliency risks. These “live case studies” will help create and test a breakthrough process to attract private capital to supplement and leverage public sector coastal restoration funding. The goal is to build a replicable model for application in Louisiana, and extend it to other parts of the Gulf Coast and beyond in 2018. Funding from JPMorgan Chase & Co. is providing initial support to get the work group underway, build out critical models, develop case studies, and produce the first projects as potential candidates for private finance.