OKX Lite is here to make trading and earning on crypto easier than ever before

VICTORIA, Seychelles, Sept. 23, 2022 (GLOBE NEWSWIRE) — OKX, the world's second largest cryptocurrency exchange, today announced the launch of OKX Lite, a simplified version of its trading app that makes it easy for users to buy, sell, swap and put their crypto to work.

With a more streamlined look and feel than the version aimed at experienced traders, OKX Lite aims to meet the expectations of HODLers and those new to trading by offering streamlined access to the features that matter most. These include:

  • Buying, selling and swapping with just a few taps
  • Making on and off–chain transfers (sending and receiving)
  • Staking crypto to earn on assets
  • The ability to monitor market movements while on the go
  • Access to the $10,000 Mystery Box referral program

The launch of OKX Lite comes in the immediate wake of the company launching its first global brand campaign, entitled "What is OKX?". The launch of the campaign signaled the exchange announcing itself to the world, while OKX's partnerships with prominent sports and entertainment institutions like Manchester City FC, McLaren Formula 1 and the Tribeca Festival have introduced both OKX and the world of crypto trading to a whole new audience. OKX Lite affords these users a safer and simpler entry into the world of crypto trading, helping them avoid getting out of their depth as they enter the space.

With its launch of OKX Lite, OKX is also furthering its commitment to promoting responsible trading, broadening access to crypto and removing barriers to financial freedom. As users of OKX Lite gradually develop their crypto trading expertise, the OKX app will allow them to grow in the way they interact with it, eventually allowing them to utilize it like an experienced crypto trader.

Haider Rafique, Global Chief Marketing Officer, OKX, said: "OKX Lite is our way to give traders and investors the easiest and most enjoyable way to plan, build and manage a crypto portfolio. When you look at our new UI, it may remind you of your traditional brokerage app, with upgrades that really enhance the day–to–day crypto experience. The ability to transition smoothly between Lite, Pro, and Wallet mode is designed very intentionally. We hope our customers not only enjoy the sleek new UI, but that this upgrade helps them smoothly transition between these three modes, which have been introduced very deliberately.”

Those who join OKX now can also invite their friends to win Mystery Boxes worth up to $10,000.

Find out more about OKX Lite here. Ready to go Lite? Get started here.

For further information, please contact:
Media@okx.com

About OKX
OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX's exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com


Women Advocates for Harvesting Rainwater in Salinity-Affected Coastal Bangladesh

Lalita Roy now has access to clean water and also provides a service to her community by working as a pani apa (water sister), looking after the community's rainwater harvesting plants. Credit: Rafiqul Islam/IPS

Lalita Roy now has access to clean water and also provides a service to her community by working as a pani apa (water sister), looking after the community’s rainwater harvesting plants. Credit: Rafiqul Islam/IPS

By Rafiqul Islam
KHULNA, Bangladesh, Sep 23 2022 – Like many other women in Bangladesh’s salinity-prone coastal region, Lalita Roy had to travel a long distance every day to collect drinking water as there was no fresh water source nearby her locality.

“In the past, there was a scarcity of drinking water. I had to travel one to two kilometers distance each day to bring water,” Roy, a resident of Bajua Union under Dakope Upazila in Khulna, told IPS.

She had to collect water standing in a queue; one water pitcher was not enough to meet her daily household demand.

“We require two pitchers of drinking water per day. I had to spend two hours each day collecting water. So, there were various problems. I had health complications, and I was unable to do household work for lack of time,” she said.

After getting a rainwater harvesting plant from the Gender-response Climate Adaptation (GCA) Project, which is being implemented by United Nations Development Programme (UNDP), Roy is now collecting drinking water using the rainwater harvesting plant, which makes her life easier.

“I am getting the facilities, and now I can give two more hours to my family… that’s why I benefited,” she added.

Shymoli Boiragi, another beneficiary of Shaheber Abad village under Dakope Upazila, said women in her locality suffered a lot in collecting drinking water in the past because they had to walk one to three kilometers every day to collect water.

“We lost both time and household work. After getting rainwater harvesting plants, we benefited. Now we need not go a long distance to collect water so that we can do more household work,” Boiragi said.

Shymoli revealed that coastal people suffered from various health problems caused by consuming saline water and spent money on collecting the water too.

“But now we are conserving rainwater during the ongoing monsoon and will drink it for the rest of the year,” she added.

THE ROLE OF PANI APAS

With support from the project, rainwater harvesting plants were installed at about 13,300 households under 39 union parishads in Khunla and Satkhira. One pani apa (water sister) has been deployed in every union from the beneficiaries.

Roy, now deployed as a pani apa, said the GCA project conducted a survey on the households needing water plants and selected her as a pani apa for two wards.

“As a pani apa, I have been given various tools. I go to every household two times per month. I clean up their water tanks (rainwater plants) and repair those, if necessary,” he added.

Roy said she provides services for 80 households having rainwater harvesting plants, and if they have any problem with their water tanks, she goes to their houses to repair plants.

“I go to 67 households, which have water plants, one to two times per month to provide maintenance services. If they call me over the cellphone, I also go to their houses,” said Ullashini Roy, another pani apa from Shaheber Abad village.

She said a household gives her Taka 20 per month for her maintenance services while she gets Taka 1,340 (US$ 15) from 67 households, which helps her with family expenses.

Ahoke Kumar Adhikary, regional project manager of the Gender-Response Climate Adaptation Project, said it supported installing rainwater harvesting plants at 13,300 households. Each plant will store 2,000 liters of rainwater in each tank for the dry season.

The water plants need maintenance, which is why the project has employed pani apas for each union parishad (ward or council). They work at a community level on maintenance.

“They provide some services, and we call them pani apas. The work of pani apas is to go to every household and provide the services,” Adhikary said.

He said the pani apas get Taka 20 from every household per month for providing their services, and if they need to replace taps or filters of the water plants, they replace those.

The pani apas charge for the replacements of equipment of the water plants, he added.

NO WATER TO DRINK

The coastal belt of Bangladesh is one of the most vulnerable areas to climate change as it is hit hard by cyclones, floods, and storm surges every year, destroying its freshwater sources. The freshwater aquifer is also being affected by salinity due to rising sea levels.

Ullashini Roy said freshwater was unavailable in the coastal region, and people drinking water was scarce.

“The water you are looking at is saline. The underground water is also salty. The people of the region cannot use saline water for drinking and household purposes,” Adhikary said.

Ahmmed Zulfiqar Rahaman, hydrologist and climate change expert at Dhaka-based think-tank Center for Environmental and Geographic Information Services (CEGIS), said if the sea level rises by 50 centimeters by 2050, the surface salinity will reach Gopalganj and Jhalokati districts – 50 km inside the mainland from the coastal belt, accelerating drinking water crisis there.

PUBLIC HEALTH AT RISK

According to a 2019 study, people consuming saline water suffer from various physical problems, including acidity, stomach problems, skin diseases, psychological problems, and hypertension.

It is even being blamed for early marriages because salinity gradually changes girls’ skin color from light to gray.

“There is no sweet water around us. After drinking saline water, we suffered from various waterborne diseases like diarrhea and cholera,” Ullashini said.

Hypertension and high blood pressure are common among coastal people. The study also showed people feel psychological stress caused by having to constantly collect fresh water.

Shymoli said when the stored drinking water runs out in any family; the family members get worried because it’s not easy to collect in the coastal region.

SOLUTIONS TO SALINITY

Rahaman said river water flows rapidly decline in Bangladesh during the dry season, but a solution needs to be found for the coastal area.

The hydrologist suggested a possible solution is building more freshwater reservoirs in the coastal region through proper management of ponds at a community level.

Rahaman said low-cost rainwater harvesting technology should be transferred to the community level so that coastal people can reserve rainwater during the monsoon and use this during the dry season.

He added that the government should provide subsidies for desalinization plants since desalinizing salt water is costly.

IPS UN Bureau Report

 


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A World of One Billion Empty Plates

Ten of the world’s worst climate hotspots have suffered a 123 percent rise in acute hunger over just the past six years, according to a new report from Oxfam. Credit: FAO - In 2021, an estimated 29.3% of the global population were moderately or severely food insecure, and 11.7% faced severe food insecurity

Ten of the world’s worst climate hotspots have suffered a 123 percent rise in acute hunger over just the past six years, according to a new report from Oxfam. Credit: FAO

By Baher Kamal
MADRID, Sep 23 2022 – Have you eaten today – or are sure you will? The answer depends on where you were born and where you live now. If you are Spanish or live here, you likely did or will, provided that you are not one of this European country’s 900.000 inhabitants who face some sort of hunger, malnutrition or undernourishment.

If instead, you are among the 550 million plus Africans who suffer moderate hunger (40 percent of the continent’s total population of 1.300 plus) or severe hunger (some 300 million or 24 percent of all Africans), your answer would be that you will likely –or surely– go to bed hungry… also today.

A similar dark fate is also prevailing in other ‘developing’ regions, usually defined as mid- and low-income countries. In Asia, with nearly 10 percent or about 500 million of its combined population of almost 5 billion, representing 60 percent of the whole world’s inhabitants.

Severe food insecurity has increased, providing further evidence of a deteriorating situation mainly for those already facing serious hardships. In 2021, an estimated 29.3 percent of the global population – 2.3 billion people – were moderately or severely food insecure, and 11.7 percent (923.7 million people) faced severe food insecurity

In the case of Latin America and the Caribbean, the percentage of humans falling into moderate to severe hunger and food insecurity amounts to 9 percent of the region’s total population of 550 million inhabitants.

Just for the sake of comparison, such numbers barely reach 2.5 percent of the Northern American population (600 million) and Europe (750 million).

In short: it is estimated that between 702 and 828 million people in the world (corresponding to 8.9 percent and 10.5 percent of the total population, respectively) faced hunger in 2021.

 

Too many explanations, same consequences

These are figures, numbers. The reality is that one billion human beings are right at this moment living in the darkness of food scarcity, if ever any food at all.

For them, no matter if the mainstream media now pretends that their fate is caused by just one war or the usual exercise of speculation and greed that hikes food prices.

Many of the millions of hungry people are probably not aware that the world has been producing enough food to cover all the needs of Planet Earth’s population.

Nor that over a third of the total food production is wasted, dumped into rubbish bins, and lost in inadequate storage facilities.

No matter if the international scientific community every single day warns that climate change, severe droughts, catastrophic floods and other factors add to the sharp shortage of funds to save lives while fuelling armed conflicts and dedicating unprecedented spending on weapons of mass destruction (more than 2 trillion US dollars in 2021) See: New World Records: More Weapons than Ever. And a Hunger Crisis Like No Other

 

What is food insecurity?

Food security is defined as the adequate access to food in both quality and quantity.

Moderate food insecurity: People experiencing moderate food insecurity face uncertainties about their ability to obtain food, and have been forced to compromise on the quality and/or quantity of the food they consume.

Severe food insecurity: People experiencing severe food insecurity have typically run out of food and at worst, gone a day (or days) without eating.

 

Wrong direction

“The world is moving in the wrong direction,” confirms the UN Food and Agriculture Organization (FAO), which –among other international bodies– has just released the above-cited figures in its 2022 report: The State of Food Security and Nutrition in the World.

New estimates for 2021 suggest that the prevalence of moderate or severe food insecurity has remained relatively unchanged compared with 2020, reports FAO, adding that “severe food insecurity has increased, providing further evidence of a deteriorating situation mainly for those already facing serious hardships.”

“In 2021, an estimated 29.3 percent of the global population – 2.3 billion people – were moderately or severely food insecure, and 11.7 percent (923.7 million people) faced severe food insecurity.”

In other words: extreme hunger has more than doubled in 10 of the world’s worst climate hotspots over the past six years.

“Ten of the world’s worst climate hotspots – those with the highest number of UN appeals driven by extreme weather events – have suffered a 123 percent rise in acute hunger over just the past six years,” according to an Oxfam report on 16 September 2022.

 

Hunger discriminates

There is also a growing gender gap in food insecurity. In 2021, 31.9 percent of women in the world were moderately or severely food insecure compared to 27.6 percent of men – a gap of more than 4 percentage points, compared with 3 percentage points in 2020, according to the report.

The latest estimate for low birthweight revealed that 14.6 percent of newborns (20.5 million) were born with a low birth weight in 2015, a modest decrease from 17.5 percent (22.9 million) in 2000.

Optimal breastfeeding practices, including exclusive breastfeeding for the first six months of life, are critical for child survival and the promotion of health and cognitive development.

But it is not so. In fact, the world’s leading health and children specialised organisations have once again sounded the alarm bell about what they classify as “shocking, insidious, exploitative, aggressive, misleading and pervasive” marketing tricks used by the baby formula milk business with the sole aim of increasing, even more, their already high profits.

In fact, FAO reports that globally, the prevalence has risen from 37.1 percent (49.9 million) in 2012 to 43.8 percent (59.4 million) in 2020. Still, more than half of all infants under six months of age globally did not receive the protective benefits of exclusive breastfeeding, according to the report, which adds the following:

Stunting, the condition of being too short for one’s age, undermines the physical and cognitive development of children, increases their risk of dying from common infections and predisposes them to overweight and non-communicable diseases later in life.

Child wasting is a life-threatening condition caused by insufficient nutrient intake, poor nutrient absorption, and/or frequent or prolonged illness. Affected children are dangerously thin with weakened immunity and a higher risk of mortality. The prevalence of wasting among children under five years of age was 6.7 percent (45.4 million) in 2020.

Children who are overweight or obese face both immediate and potentially long-term health impacts, including a higher risk of non-communicable diseases later in life.

Globally, the prevalence of overweight among children under five years of age increased slightly from 5.4 percent (33.3 million) in 2000 to 5.7 percent (38.9 million) in 2020. Rising trends are seen in around half of the countries worldwide.

Anaemia: The prevalence of anaemia among women aged 15 to 49 years was estimated to be 29.9 percent in 2019.

The absolute number of women with anaemia has risen steadily from 493 million in 2000 to 570.8 million in 2019, which has implications for female morbidity and mortality and can lead to adverse pregnancy and newborn outcomes.

Globally, adult obesity nearly doubled in absolute value from 8.7 percent (343.1 million) in 2000 to 13.1 percent (675.7 million) in 2016.

Children in rural settings and poorer households are more vulnerable to stunting and wasting. Children and adults, particularly women, in urban areas and wealthier households are at higher risk of overweight and obesity, respectively.

Infants residing in rural areas, in poorer households, with mothers who received no formal education and female infants are more likely to be breastfed. Women with no formal education are more vulnerable to anaemia and their children to stunting and wasting.

Cuban Innovator Uses Sunlight to Create a Model Sustainable Space

Félix Morffi, an 84-year-old retiree, shows a self-made solar heater and solar panels installed on the roof of his house in the municipality of Regla in Havana. His hope is that his house will soon become an experimental site for the use of renewable energies and that students will learn about the subject in situ. CREDIT: Jorge Luis Baños/IPS

Félix Morffi, an 84-year-old retiree, shows a self-made solar heater and solar panels installed on the roof of his house in the municipality of Regla in Havana. His hope is that his house will soon become an experimental site for the use of renewable energies and that students will learn about the subject in situ. CREDIT: Jorge Luis Baños/IPS

By Luis Brizuela
HAVANA, Sep 23 2022 – After making a model for a solar heater, installing solar panels and creating a device to dehydrate food with the help of the sun, Félix Morffi is turning his home into a space for the production and promotion of renewable energies in Cuba.

With two tanks, glass, aluminum sheets, as well as cinderblocks, sand and cement, the 84-year-old retiree created, in 2006, a solar heater that meets his household needs, which he proudly displays.”We are willing to advise anyone who wants to install solar panels, heaters or dryers, everything related to renewable energies. We have knowledge and experience and have something to contribute.” — Félix Morffi

“You build it today and tomorrow you have hot water; anyone can do it, and if they have a bit of advice, all the better,” said the retired mid-level machine and tool repair technician.

A magnet magnetically treats the water by means of a system that purifies it and makes it fit for human consumption, without additional energy costs.

Also on the roof of the house, a cluster of 16 photovoltaic panels imported in 2019 provide five kilowatts of power (kWp) and support the work of his small automotive repair shop where he works on vehicles for state-owned companies and private individuals.

This is an independent enterprise carried out by Morffi on part of his land in Regla, one of the 15 municipalities that make up Havana.

In addition to covering his family’s household needs, he provides his surplus electricity to the national grid, the National Electric Power System (SEN).

As part of a contract with the Unión Eléctrica de Cuba under the Ministry of Energy and Mines, for the surplus energy “we receive an average of more than 2,000 pesos a month (about 83 dollars at the official rate), more or less the amount we pay for our consumption during the same period,” Morffi told IPS in an interview at his home.

But he said that the rate of 12.5 cents per kilowatt of energy delivered to the SEN perhaps should be increased if the government wants more people to produce solar energy.

Since 2014, Cuba has had a Policy for the Development of Renewable Energy Sources and their Efficient Use, and in 2019, Decree Law 345 established regulations to increase the share of renewables in electricity generation and steadily decrease the proportion represented by fossil fuels.

Other regulations have been added, such as the one that exempts foreign companies that carry out sustainable electricity generation projects from paying taxes on profits for eight years.

Other decisions seek to encourage self-sufficiency through decentralized generation with the sale of surplus energy to the SEN, as well as tariff exemptions to import photovoltaic systems, their parts and components for non-commercial purposes.

View of a solar dryer to dehydrate fruits, spices and tubers, made with recycled products by Cuban innovator Félix Morffi at his home in the municipality of Regla in Havana. CREDIT: Jorge Luis Baños/IPS

View of a solar dryer to dehydrate fruits, spices and tubers, made with recycled products by Cuban innovator Félix Morffi at his home in the municipality of Regla in Havana. CREDIT: Jorge Luis Baños/IPS

Great solar potential

According to studies, Cuba receives an average solar radiation of more than five kilowatts per square meter per day, considered to be a high level. There is enormous potential in this archipelago of more than 110,800 square kilometers which has an annual average of 330 sunny days.

By the end of 2021, some 500 million dollars were invested in expanding the share in the energy mix of solar, wind, biomass and hydroelectric sources, according to data from the Ministry of Energy and Mines.

The solar energy program appears to be the most advanced and with the best opportunities for growth.

The solar parks operating in the country contribute 238 megawatts, more than 75 percent of the renewable energy produced locally.

In addition, more than 160,000 of the nation’s 3.9 million homes, mostly in remote mountainous areas, receive electricity from solar modules, statistics show.

But clean sources account for barely five percent of the island’s electricity generation, an outlook that the authorities want to radically transform, setting an ambitious goal of 37 percent by 2030.

It is a matter of national security to substantially modify the energy mix in Cuba, which is highly dependent on fossil fuel imports and hit by cyclical energy shortages.

The island is in the grip of an energy crisis with blackouts of up to 12 hours or more in some areas, due to the deterioration of the network of 20 thermoelectric generation blocks with an average operating life of 30 years and in need of frequent repairs.

Added to this is the rise in the international prices of diesel and fuel oil, as well as the shortage of parts to keep the engines and generators powered by these fuels operational in Cuba’s 168 municipalities.

Solar energy is also used by Félix Morffi for aquaculture at his home in a Havana municipality: a photovoltaic panel feeds a solar hydraulic pump that maintains the flow of water in the pond for breeding varieties of ornamental fish and tilapia for family consumption. CREDIT: Jorge Luis Baños/IPS

Solar energy is also used by Félix Morffi for aquaculture at his home in a Havana municipality: a photovoltaic panel feeds a solar hydraulic pump that maintains the flow of water in the pond for breeding varieties of ornamental fish and tilapia for family consumption. CREDIT: Jorge Luis Baños/IPS

Putting on the brakes

Government authorities point to the U.S. embargo as a factor holding back the growth of renewable energies, blaming it for discouraging potential investors and hindering the purchase of modern components and technologies.

On the other hand, inflation, the partial dollarization of the economy and the acute shortage of basic necessities, including food, leave most families without many options for turning to the autonomous production of clean energy, even if they recognize its positive environmental impact.

One of the authorized state-owned companies markets and assembles 1.0 kWp solar panel systems for the equivalent of about 2,300 dollars in a country where the average monthly salary is estimated at 160 dollars, although it is possible to apply for a bank loan for their installation.

People who spoke to IPS also mentioned the difficulties in storing up solar energy for use at night, during blackouts or on cloudy or rainy days, considering the very high price of batteries.

Morffi said more training is needed among personnel involved in several processes, and he cited delays of more than a year between the signing of the contract with Unión Eléctrica and the beginning of payment for the energy surpluses contributed to the SEN, as well as “inconsistency with respect to the assembly” of the equipment.

Although there is a national policy on renewable energy sources, “there is still a lot of ignorance and very little desire to do things, and do them well. Awareness-raising is needed,” he argued.

A prototype of an energy meter that records electricity generation and consumption at Félix Morffi's house, in the Havana municipality of Regla. In recent years, several regulations have sought to encourage Cuba's self-sufficiency in renewable energies, the sale of surpluses, as well as tariff exemptions to import photovoltaic systems, their parts and components for non-commercial purposes. CREDIT: Jorge Luis Baños/IPS

A prototype of an energy meter that records electricity generation and consumption at Félix Morffi’s house, in the Havana municipality of Regla. In recent years, several regulations have sought to encourage Cuba’s self-sufficiency in renewable energies, the sale of surpluses, as well as tariff exemptions to import photovoltaic systems, their parts and components for non-commercial purposes. CREDIT: Jorge Luis Baños/IPS

Combining renewable energies

Morffi believes that despite the economic conditions, with a little ingenuity people can take advantage of the natural elements, because “the sun shines for everyone; the air is there and costs you nothing, but your wealth is in your brain.”

He shows a dryer that uses the heat of the sun to dehydrate fruits, spices and tubers, which he assembled mostly with recycled products such as pieces of wood, nylon, acrylic and aluminum sheets.

Other equipment will require a significant investment, such as the three small wind turbines of 0.5 kWp each that he plans to import and a new batch of 4.0 kWp photovoltaic solar panels, for which he will have to apply for a bank loan.

At the back of his house, a small solar panel keeps the water flowing from a well for his barnyard fowl and an artificial pond holding a variety of ornamental fish as well as tilapia for the family to eat.

The construction of a small biodigester, about four cubic meters in size, is also at an advanced stage on his land, aimed at using methane gas from the decomposition of animal manure, for cooking.

According to Morffi, who manages these activities with the support of several family members, his home is on its way to becoming an experimental site for the use of renewable energies.

A specialized classroom may be built there, so that students can learn about the subject in situ.

So far in the design phase and in discussions with potential supporters, this local development project could even install “solar heaters in places in the community such as the doctor’s office, a day center and a cafeteria for the elderly,” said Morffi.

He said the idea should receive support from international donors, the government of the municipality of Regla, and Cubasolar, a non-governmental association dedicated to the promotion of renewable sources and respect for the environment, of which Morffi has been a member since 2004.

“We are willing to advise anyone who wants to install solar panels, heaters or dryers, everything related to renewable energies. We have knowledge and experience and have something to contribute,” he said.

Why Investing in Water, Sanitation and Hygiene Pays Off

Moushumi Akter at work inside Fakir Fashion Ltd., Bangladesh. Credit: WaterAid/Fabeha Monir

By Ruth Loftus and Michael Alexander
LONDON / EDINBURG, Sep 23 2022 – As the devastating images of flooding in Pakistan went round the world and the country declared a state of emergency, some 4,000 miles away in Stockholm, delegates had just arrived for World Water Week – an annual focal point for global water issues.

For lots of the international attendees, many of whom were from the corporate world, the headlines were a deadly reminder not only of the power and value of water, but also of the failings of the global system to manage it properly.

There can be no debate that Pakistan’s latest flooding catastrophe has been exacerbated by the climate crisis. With COP27 on the horizon in November, and the UN Water Conference taking place in March next year, business leaders, governments, and key stakeholders must propel water issues to the top of the agenda and address them beyond the boardroom and throughout supply chains.

It’s fair to say that the important role businesses have to play in securing sustainable access to water has often been overlooked. Having a safe, reliable, and resilient water supply is essential for most production processes and the health and wellbeing of employees – plus, it also makes sound financial sense.

At World Water Week, WaterAid launched its latest research ’Boosting Business: why investing in water, sanitation and hygiene pays off’ to demonstrate to companies the business benefits and potential financial returns of investing in these facilities.

This pioneering, first-of-its-kind research was funded by Diageo, Gap Inc., HSBC, Twinings and ekaterra (previously part of Unilever). Research took place over four years, in four different countries, across four different sectors – including tea production, the clothing and leather industry and smallholder farming.

The WaterAid perspective:

The quantitative aspect of our pilot is vital as it’s all about how and why investing in taps, toilets and hygiene behaviour change is good for business. We were able to not only carry out thought-provoking project work with tangible benefits for the workforce and wider communities, but we were also able to quantify how that then impacted upon productivity; how many jeans were sewn together, how much tea was picked, how much absenteeism fell, how much the companies paid on medical bills decreased and so on. We then extrapolated this data into standout figures – the return on investment (ROI).

In a nutshell installing clean water and decent sanitation facilities helps employees stay healthy. This means less absenteeism, lower medical costs, improved morale, and productivity. For every $1 invested in clean water, our research showed the apparel and leather sectors combined gained a $1.32 return on investment and the tea sector projects a $2.05 return.

To highlight the stand-out examples – one of the ready-made garment (RMG) factories in Bangladesh showed a ROI of $9 on every $1 invested in WASH, whilst in one of the Twinings’ tea estate plantations in India, there was a $5 to $1 ROI during the pilot programme.

With continued investment over a ten-year period, the returns are even greater – indeed one of the RMG factories is projected to have $30 to $1 ROI – and if companies support their employees’ communities as well, significantly more people will benefit.

It’s important to also consider that some businesses will be put off by the initial capital expenditure, and the fact that the returns are not always immediate. However, low-cost solutions can often provide big results in the long-term.

Integrated within this is hygiene, which became a topic for board-level consideration during the pandemic and the sudden attention the world gave to enhanced handwashing has provided lasting impact as the first and most cost-effective defence against infection.

The key now is to think about how to maintain that beneficial shift in behaviour. Each workplace is different, but it’s time for companies to put the wellbeing of their workforce at the heart of their business strategies and make water, sanitation and hygiene a priority.

The business perspective:

At Diageo, we strongly believe that, as access to clean water and sanitation are fundamental human rights, all efforts should be made to achieve this global goal. Access to water is central to gaining an education, sustaining health and increasing employability, and it addresses gender inequalities in communities, since women carry most of the burden of water collection.

We fully appreciate the enormous positive impact of investment in WASH and chose to be a key business partner in this ground-breaking study so we could finally prove the case for investment through solid research and data, and share the message with other businesses.

We will take the findings and incorporate them across our business strategies. The strong, quantitative evidence is what we need to support the investment in WASH facilities which play a key part of our Environmental, Social and Governance (ESG) action plan: Spirit of Progress 2030, and we now have the data and evidence to accelerate this work even further.

Future-proofing supply chains

Investing in water and sanitation facilities must be considered a core business priority and part of a water stewardship strategy, rather than an act of philanthropy or corporate social responsibility. No longer to be seen as a charity gesture, or a way of green-washing the business, but as a wise and smart way to future-proof: for communities and for businesses to thrive.

Businesses must now think beyond the immediate factory fence and look to their supply chains and to their employees’ welfare within.

As more extreme weather events happen globally, and ever-growing populations mean increasing demand for water, more companies need to follow suit and have a greater presence on the global stage to address the crisis. Businesses have a vested interest in securing sustainable access to water, and now, a clear financial incentive to ensure lasting change.

If businesses, governments, and civil society rally together, important ESG criteria can be addressed, and sustainable development goals (SDGs) to achieve 100% access to safe and sustainable water, toilets and hygiene facilities by 2030, can be fulfilled.

*Ruth Loftus is Senior Private Sector Advisor at WaterAid and Michael Alexander is Global Head of Water, Environment and Agriculture Sustainability at Diageo.

IPS UN Bureau

 


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