Policy

Legislation introduced last week into the Texas Legislature mandating the recycling of produced and flowback water from hydraulic fracturing operations mark the most recent efforts by lawmakers to make water recycling mandatory.

Editor's note: This is the second in a two-part series that examines the water risks and solutions facing Chinese supply chains.]

In January, the World Economic Forum declared water the second biggest risk the world faces today - ahead of weapons of mass destruction and food shortages. For some businesses this did not come as a surprise, since they were already addressing the many issues around water management, scarcity and access that threaten their future prospects. From HSBC to Unilever, Coca-Cola to Diageo, major international companies are developing water projects as they recognise the value of investing in water.