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Raw materials and inputs

Water

No documented connections to other themes yet.

Strongest quotes

Albemarle Corporation · Input

“Water is a critical input to Albemarle’s production operations. As water is a scarce resource, we understand the need to responsibly manage our water consumption not only for the preservation of the environment, but also for the viability of our local communities.”

Annual report 2025A · The company itself

American Water Works · Input

“Water Supply and Wastewater Services The Company’s Regulated Businesses generally own the physical assets used to store, pump, treat and deliver water to its customers and collect, treat, transport and recycle wastewater. Typically, the Company does not own the water. The water the Company treats and delivers is held in public trust and is allocated to the Company through contracts, permits and allocation rights granted by federal and state or multi-state agencies or through the ownership of water rights pursuant to local law.”

Annual report 2025A · The company itself

BOLIDEN AB · Input

“God tillgång till fossilfri el och låg vattenstress där vi verkar gör att vi kan producera metaller med ett mycket konkurrenskraftig miljö- och klimatprestanda.”

Annual report 2024A · The company itself

Coca-Cola Company (The) · Input

“Water is a main ingredient in substantially all of our products. While historically we have not experienced significant water supply difficulties, water is a limited natural resource in many parts of the world, and our Company recognizes water availability, quality and sustainability, for both our operations and also the communities where we operate, as one of the key challenges facing our business.”

Annual report 2025A · The company itself

Companies with exposure

Albemarle CorporationSector unknown

Driver · weakens · strength 2/3

“In addition, there have been concerns regarding water scarcity, declining precipitation and drought in Jordan, where our joint venture, JBC, produces bromine. Climate changes and unprecedented weather events may pose a risk to business operations in vulnerable areas. In some regions including China, extreme heat and drought conditions could also impact the availability of hydropower resulting 29 Albemarle Corporation and Subsidiaries in decreased production and/or increased costs.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Water is a critical input to Albemarle’s production operations. As water is a scarce resource, we understand the need to responsibly manage our water consumption not only for the preservation of the environment, but also for the viability of our local communities.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“We also have permanent and continuous groundwater exploitation rights for two wells that are for industrial use and to supply the Salar de Atacama facilities.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“La Negra is supplied electricity from a local company and has rights to a well in the Peine community for its water supply.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Silver Peak is supplied electricity from a local company and we currently have two operating fresh water wells nearby that supply water to the facilities.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Fresh water is sourced from the Mujib Reservoir, a man-made reservoir.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Our Magnolia facilities are supplied electricity from a local company and we currently have several operating freshwater wells nearby that supply water to the facilities.”

Annual report 2025A · The company itself

American Water WorksSector unknown

Input · weakens · strength 3/3

“Water Supply and Wastewater Services The Company’s Regulated Businesses generally own the physical assets used to store, pump, treat and deliver water to its customers and collect, treat, transport and recycle wastewater. Typically, the Company does not own the water. The water the Company treats and delivers is held in public trust and is allocated to the Company through contracts, permits and allocation rights granted by federal and state or multi-state agencies or through the ownership of water rights pursuant to local law.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“The Company’s primary business involves the ownership of regulated utilities that provide water and wastewater services in 14 states in the United States, collectively referred to as the “Regulated Businesses.””

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“The Company also operates other businesses that provide water and wastewater services to the U.S. government on military installations, as well as municipalities.”

Annual report 2025A · The company itself

BOLIDEN ABSector unknown

Input · weakens · strength 3/3

“God tillgång till fossilfri el och låg vattenstress där vi verkar gör att vi kan producera metaller med ett mycket konkurrenskraftig miljö- och klimatprestanda.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Water is a main ingredient in substantially all of our products. While historically we have not experienced significant water supply difficulties, water is a limited natural resource in many parts of the world, and our Company recognizes water availability, quality and sustainability, for both our operations and also the communities where we operate, as one of the key challenges facing our business.”

Annual report 2025A · The company itself

Constellation BrandsSector unknown

Driver · weakens · strength 2/3

“California has endured and may continue to experience prolonged drought conditions which have resulted in the imposition of certain restrictions on water usage that could recur. Certain areas of California have also experienced wildfires and flooding in recent years. If these conditions or restrictions persist and/or increase in severity, it could have an adverse effect upon those operations.”

Annual report 2026A · The company itself

Driver · weakens · strength 2/3

“Mexico recently reformed certain laws related to water rights, which altered the country’s regulatory framework governing water resources. Among the changes were a prohibition on the transfer of water concessions between private parties, elimination of the private secondary market for concessions, and new sanctions for water-related violations.”

Annual report 2026A · The company itself

Input · weakens · strength 2/3

“The breweries each receive water originating from separate and distinct aquifers. We believe we have adequate access to water to support these breweries’ ongoing requirements, as well as future requirements after the completion of planned modular capacity addition activities at our breweries.”

Annual report 2026A · The company itself

Input · weakens · strength 3/3

“Supply of quality water, agricultural, and other raw materials, certain raw and packaging materials purchased under supply contracts; supply chain disruptions and other factors; limited group of certain suppliers The quality and quantity of water available for use is important to the supply of our agricultural raw materials and our ability to operate our business. Water is a limited resource in many parts of the world. If climate patterns change and droughts continue or become more severe or other restrictions on currently available water resources are imposed, there may be a scarcity of water or poor water quality which may affect our and our suppliers’ operations, increase production costs, or impose capacity constraints.”

Annual report 2026A · The company itself

Input · weakens · strength 2/3

“We are dependent on sufficient amounts of quality water for operation of our breweries, wineries, and distilleries, as well as to irrigate our vineyards and conduct our other operations. The suppliers of the agricultural raw materials we purchase are also dependent upon sufficient supplies of quality water for their vineyards and fields.”

Annual report 2026A · The company itself

Constellation EnergySector unknown

Driver · weakens · strength 2/3

“Drought-like conditions limiting water usage could impact our ability to run certain generating assets at full capacity.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Certain of our assets in the West and Texas Regions, including Calpine's Geysers Assets acquired in January 2026, have experienced drought conditions in the recent past. Disruptions in water 37 Table of Contents availability such as droughts, curtailment, or high prices may impact our ability to generate energy or serve customers, adversely impacting our operations and financial condition.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“In addition, natural disasters could affect the availability of a secure and economical supply of water in some locations, which is essential for our continued operation, particularly the cooling of generating units.”

Annual report 2025A · The company itself

Diamondback EnergySector unknown

Driver · weakens · strength 2/3

“Over the past several years, Texas has experienced extreme drought conditions. As a result of this severe drought, some local water districts have begun restricting the use of water subject to their jurisdiction for hydraulic fracturing to protect local water supply.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Restrictions on our ability to obtain water may have an adverse effect on our financial condition, results of operations and cash flows. Water is an essential component of deep shale oil and natural gas production during both the drilling and hydraulic fracturing processes.”

Annual report 2025A · The company itself

ELKEM ASASector unknown

Driver · weakens · strength 2/3

“For our silicone production in France, access to water is identified as a risk due to an increase in dry periods on certain regions of France, and the government has established a directive that enables it to limit the water withdrawal to industry. However, the region where Elkem is located has not yet been a ff ected, though we are closely monitoring the development.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Our operations in Brazil also face water access as a key risk, as droughts have increased.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Per unit of produced silicones by 12 per cent by 2031 from baseline year 2020. Production of silicones accounts for 71 per cent of Elkem’s total water consumption.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Water consumption, including discharge and withdrawals, is regularly monitored and reported quarterly to corporate. Measurement methods vary based on availability and source, utilising in-line water meters for direct measurement or capacity calculations refle ting operational time.”

Annual report 2024A · The company itself

EntergySector unknown

Input · weakens · strength 2/3

“Entergy and its subsidiaries also face the risk that climate change could impact the availability and quality of water supplies necessary for operations.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“A decline in the continued and future availability and quality of water for cooling, process, and sanitary uses could materially affect the financial condition, results of operations, and liquidity of Entergy, its subsidiaries, and industrial customers. Water is a vital natural resource that is also critical to Entergy and its subsidiaries. Entergy’s and its subsidiaries’ facilities use water for cooling, boiler make-up, sanitary uses, potable supply, and many other uses.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Accordingly, water availability and quality are critical to Entergy’s and its subsidiaries’ business operations.”

Annual report 2025A · The company itself

EOG ResourcesSector unknown

Input · weakens · strength 3/3

“Our operations are substantially dependent upon the availability of water. Restrictions or limitations on our ability to obtain water may have a material and adverse effect on our financial condition, results of operations and cash flows.”

Annual report 2025A · The company itself

EquinixSector unknown

Driver · weakens · strength 2/3

“Additionally, increased community scrutiny of data center resource use including land, water and power, may lead permitting authorities to impose stricter requirements, resulting in longer approval processes, higher costs, or project cancellations.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“We expect that we will continue to experience limited availability of water and power and grid constraints in many markets as well as shortages of associated equipment because of the current high demands and finite nature of these resources.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“In countries where there are shortages of power, land and water resources, local governments have and/or will be imposing more stringent regulations and requirements to control the growth and development of data centers in their countries. New builds and further expansion of data center operations in such markets are increasingly being evaluated and approvals (where required) may only be granted where a data center operator is not only able to demonstrate that it is efficient in its use of energy and water but also that its operations have and/or will bring positive and significant environmental, economic and social impact to the country and the local community.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“For example, certain facilities are located in regions experiencing water stress or recurring droughts, and evaporative cooling systems can consume millions of gallons annually. In water-scarce areas, this can lead to regulatory restrictions, community opposition, or operational limitations.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Alla våra anläggningar analyserades nyligen med WWF:s verktyg Vattenriskfiltret för att kartlägga vilka produktionsanläggningar som ligger i regioner med vattenstress för att därefter kunna vidta riktade och effektiva åtgärder. Essity har satt upp mål för att minska vattenkonsumtionen för åtta mjukpappersproduktionsanläggningar och avser att minska sötvattenintaget (m 3 ) med 25 % till 2032 jämfört med basåret 2022.”

Annual report 2024A · The company itself

Flex Ltd.Sector unknown

Driver · weakens · strength 3/3

“Demand for our cloud and power infrastructure solutions also depends on our customers and third-party data center operators securing sufficient and reliable electrical power and water at acceptable costs and within required timelines. The development and expansion of data center capacity is power-intensive and requires significant water resources for cooling, and both power and water availability have become critical factors in determining deployment speed and location for our customers.”

Annual report 2026A · The company itself

Fortum OyjSector unknown

Driver · mixed effect · strength 2/3

“Hallituksen toimintakertomus Tilinpäätös Muut 8 Rahoitusnettovelan muutos 2025, milj. euroa Toimintaympäristö Euroopan sähkömarkkinat Neljännen neljänneksen alussa vallinnut maltillinen vesivarantojen alijäämä muuttui neljänneksen kuluessa vähitellen maltilliseksi ylijäämäksi, mikä aiheutti jonkin verran laskupainetta pohjoismaisiin spot-hintoihin. Toisin kuin edellisenä vuotena, jolloin vesivarantoihin syntyi nopeasti merkittävä ylijäämä, pienemmät tuulennopeudet nostivat spot-hintoja.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Generation-segmentin kokonaissähköntuotanto pieneni edellisvuoteen verrattuna. Vesivoiman tuotantomäärät laskivat 8 % ja ydinvoiman tuotantomäärät 9 %.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Fortumin vesivoiman tuotanto oli selvästi pitkän aikavälin historiallisen keskiarvon alapuolella.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Luonnon monimuotoisuus ja ekosysteemit Tosiasiallinen kielteinen vaikutus Oma toiminta Pitkä aikaväli Vesivoiman tuotannon vaikutus vesiekosysteemien monimuotoisuuteen. Jokien patoamisella on esimerkiksi haitallisia vaikutuksia kalojen ja muiden eliöiden liikkumiseen.”

Annual report 2025A · The company itself

Freeport-McMoRanSector unknown

Driver · mixed effect · strength 3/3

“The PTFI project area receives considerable rainfall that makes it susceptible to periodic floods and mudslides, the nature and magnitude of which cannot be predicted. Conversely, the area has experienced, and may in the future experience, certain extended periods without rainfall, which can impact water availability at the milling operations.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Although we believe the Morenci operation has sufficient water sources to support current operations, we are a party to litigation that may impact our water right claims or rights to continued use of currently available water supplies, which could adversely affect our water supply for the Morenci operation.”

Annual report 2025A · The company itself

Input · weakens · strength 1/3

“We believe the Bagdad operation has sufficient water sources to support current operations, including the potential expansion noted above.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Our mining operations also require secure water supplies for mining, ore processing and related support facilities. The loss of water rights for any of our mines, in whole or in part, or shortages of water to which we have rights, could require us to curtail or shut down mining operations.”

Annual report 2025A · The company itself

Humble Group ABSector unknown

Driver · weakens · strength 3/3

“Tillgångsexponering och känslighet: Koncernens anläggningar i Portugal och Australien är belägna i områden med hög vattenstress vilket kan påverka verksamheten genom torka och vattenbrist. Att hantera sådana risker genom åtgärder för vatteneffektivisering kommer att bli avgörande för att säkerställa anläggningarnas stabilitet.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Vatten är en kritisk resurs för Humble, både i vår egen verksamhet och leverantörskedjan. Flera av råvarorna som används i våra produkter har en betydande vattenanvändning såsom kakao, mejeriprodukter, bomull, nötter och palmolja.”

Annual report 2024A · The company itself

HYDROGENPRO ASASector unknown

Input · weakens · strength 2/3

“and supply chains (read more on page 17) HydrogenPro’s main business activity, the manufacturing of our electrolyzer systems, has however also a significant social and environmental impact on our surroundings.  manufacturing and supply chain is considered material  broad topic containing several subtopics, such as GHG emissions in production, energy and water consumption, waste disposal, emissions, and supply chain management, including human rights and work conditions along the product value chain.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“the electrolysis process uses renewable electricity to split water molecules into hydrogen  requires large amounts of water and can be challenging in regions where water is scarce. In addition to the water used in the electrolysis process, we are dependent on cooling water to keep the electrolyzer at the right temperature in steadystate production. Regional considerations are therefore important when planning for green hydrogen production and where water scarcity is evident, we will use closed circuit air coolers to reduce water usage.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“In the shortterm, we see water availability being the greatest physical climate risk to our operations. Green hydrogen production needs water, both as an input factor in the production and as cooling agent to reduce the electrolyzer temperature during production. In areas where water is a scarce resource following climate changes, this may reduce the attractiveness of our products as water may be reserved for other purposes.  production of hydrogen is the same, independent of electrolysis manufacturer, as it takes one water molecule (H2O) to produce one hydrogen gas molecule (H2).”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“In the future, the use of our 3rd generation electrolyzer will significantly reduce the demand for cooling water by up to 75% by minimizing energy consumption  reduce water withdrawal, making the technology suitable for regions where water is scarce.”

Annual report 2024A · The company itself

Idexx LaboratoriesSector unknown

Driver · weakens · strength 3/3

“However, before a test can be used as part of a water quality monitoring program in the U.S. that is regulated by the EPA, the test method must first be approved by the EPA. The EPA approval process involves submission of extensive product performance data in accordance with an EPA-approved protocol, evaluation of the data by the EPA, and typically publication for public comment of any proposed approval in the Federal Register before final approval. Our Tecta Systems with the Tectalert EC/TC medium, Colilert, Colilert-18, Colisure, Quanti-Tray, Filta-Max xpress, Enterolert, and SimPlate for heterotrophic plate counts products have been approved by the EPA for use under various regulatory programs.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Other potential physical impacts due to climate change include reduced access to high-quality water in certain regions and the loss of biodiversity, which could impact future product development.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“The increase in revenue was primarily due to higher realized prices and higher volumes. The increase in volumes was due to higher testing volumes in Europe, North America, and Asia Pacific, as well as higher sales volumes of our Tecta systems, our new UV Viewer Plus, and accessories.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“We develop, manufacture, and distribute products and provide services primarily for the companion animal veterinary; livestock, poultry and dairy; and water testing industries.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Our competitors include smaller regional companies and larger companies with livestock and poultry diagnostics and water testing solution products, such as Neogen Corporation, Charm Sciences, Inc., BioChek, Innovative Diagnostics and Thermo Fisher Scientific Inc. •Veterinary Software, Services, and Diagnostic Imaging Systems.”

Annual report 2025A · The company itself

IntelSector unknown

Driver · weakens · strength 2/3

“Our headquarters and many of our operations and facilities are in locations that are prone to earthquakes and other natural disasters. Global climate change can result in certain natural disasters occurring more frequently or with greater intensity, such as drought, wildfires, storms, sea-level rise and flooding, and could disrupt the availability of water necessary for the operation of our fabrication facilities, including our facilities located in water-sensitive regions such as Arizona and Israel.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Water Water is critical to semiconductor manufacturing. We use ultrapure water to remove impurities from our silicon wafers and fresh or reclaimed water for facility systems. Guided by our Global Water Policy, our strategy is designed to optimize resource use, reduce costs and mitigate operational risks associated with water scarcity.”

Annual report 2025A · The company itself

Keurig Dr PepperSector unknown

Driver · weakens · strength 1/3

“•Increased concerns related to the use or disposal of plastics or other packaging materials can adversely affect our business and financial performance. •Significant additional labeling or warning requirements or limitations on the marketing or sale of our products may inhibit sales of affected products. •Our use of information technology and third-party service providers exposes us to cybersecurity breaches and other business disruptions that could adversely affect us. •Failure to comply with personal data protection and privacy laws can adversely affect our business. •Climate change or related legislation could adversely affect our business. •Water scarcity and quality could adversely affect our business. •Fluctuations in our effective tax rate may result in volatility in our financial results. •We may not complete the proposed JDE Peet's Acquisition within the time frame we anticipate, or at all, which could adversely affect our business.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Water is the primary ingredient in many of our products and is used across our operations. The competition for water among domestic, agricultural, and manufacturing users is increasing in the countries where we operate.”

Annual report 2025A · The company itself

KID ASASector unknown

Driver · weakens · strength 3/3

“Upstream: Processes such as raw material production and chemical manufacturing in textile production involve significant water consumption, exacerbating water scarcity concerns, with activities like cotton cultivation relying heavily on irrigation. Water discharges from these processes, along with water-intensive stages like treatment and dyeing, contribute to pollution and ecosystem degradation, highlighting the extensive water usage throughout textile manufacturing.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Based on dialogues with suppliers during factory visits we have learned that water discharges in production countries are increasingly regulated by authorities. While risks of pollution from textile dyeing mills (tier 2) persist due to potentially inadequate wastewater treatment, stricter regulations and enhanced oversight are driving improvements in water management and reducing negative impact on local communities.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“The Policy explicitly states that production and resource use must not contribute to the destruction or degradation of livelihoods for marginalized communities, such as through large-scale land use, water consumption, or exploitation of other critical natural resources.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“A large part of the materials we use come from land-based ecosystems, impacting soil health and requiring water and chemicals to grow. Additionally, with most of our products being textiles, we rely on manufacturing processes that require large volumes of water in the dyeing and finishing, as well as chemicals throughout manufacturing.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“For the farming and cultivation of cotton, the Group's largest fiber category with its 38% share of raw material used, the freshwater impact and dependency are the highest environmental concerns . Access to water, and to use it responsibly is of great importance when growing cotton, now and in the future.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“E5  RESOURCE USE AND CIRCULAR ECONOMY The Kid Group is a significant user of raw material and other natural resources in its supply chain. The production of raw materials and use of natural resources, a key part of the Group's upstream operations, poses environmental risks, including negative impacts on biodiversity and climate.”

Annual report 2024A · The company itself

KlaraBo Sverige ABSector unknown

Input · weakens · strength 3/3

“KlaraBos driftkostnader utgörs huvudsakligen av kostnader för el, värme, vatten och renhållning. Förändrade drift- och underhållskostnader kan ge en negativ effekt på koncernens verksamhet, finansiella ställning och resultat.”

Annual report 2024A · The company itself

METSO OYJSector unknown

Driver · strengthens · strength 2/3

“Metso’s technology strategy and R&D prioritize the development of products and services that can help customers achieve their own sustainability targets, e.g. carbon, energy or water efficiency.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“The mining, metals refining, and aggregates industries face increasing demands to reduce their use of energy and water resources, and to mitigate dust, noise and biodiversity impacts, as well as to comply with increasingly stringent environmental legislation.”

Annual report 2025A · The company itself

Driver · strengthens · strength 2/3

“Water scarcity may result in increased demand for Metso's water-efficient technologies.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Actual (-) Customers’ access to inputs, e.g. water, can be hindered by chronic climate changes in the environment. For some customers, this may mean reduced business and therefore decreased sales.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Environmental efficiency in own operations – actions Metso is committed to reducing water consumption in its own operations in water-scarce locations and to fulfilling all local environmental legislation requirements for water consumption and effluent quality management in accordance with local environmental permits.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“In minerals processing, the emphasis is on energy- and water-efficient solutions for preconcentration, comminution, separation, and tailings management.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“As a result of water efficiency measures, water consumption was reduced by approximately 36,000 m3 in Metso’s operations in 2025.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“The Metso Plus offering includes solutions that offer improvements in reducing energy and carbon intensity, water use, pollution, and embedded carbon compared to an industry baseline or benchmark technology.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Metso Plus offering Metso Plus products and aftermarket offering need to meet the sustainability performance criteria set by Metso. The products and aftermarket offering included in the Metso Plus portfolio are distinctive from a sustainability point of view, address Metso’s customers’ sustainability needs, and build on our competitive advantages.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Short Medium Long • The Metso Plus offering has around 40 solutions that address water-related challenges and that are considered better than the market benchmark or previous-generation product. Metso aims to keep expanding and improving this offering to be able to offer water-efficient technologies to its customers. • All Metso’s R&D projects must have sustainability targets, and Metso targets 80% of the R&D spend is on Metso Plus portfolio development by 2030.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Water-efficient offering for customers – actions Metso’s products can help customers manage their water footprint, and water efficiency is one of the qualifying criteria for the Metso Plus products and aftermarket offering portfolio. Metso defines the level of performance needed to qualify to ensure that designated products and services in this portfolio can make a meaningful contribution to customers’ efforts towards reaching their climate and other environmental targets, including water conservation.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Filtration solutions High-pressure filtration can reduce water content in tailings, decreasing storage volume and environmental impact. Metso’s larger filters increase material processing capacity and therefore increase overall productivity. Metso’s filtration expertise ensures reliable, efficient systems with minimal downtime and maintenance costs.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“The center’s work has contributed to more sustainable and efficient filtration practices across industries - over 90% of Metso’s filters are part of the Metso Plus offering thanks to their energy, emissions and water efficiency. • Orders for the delivery of filtration technology to mining projects in Indonesia and India. These deliveries include a total of 22 fast-opening Larox® FFP3512 filters equipped with membrane technology, hole-less filter cloths, and corrosion-resistant components. These solutions enhance moisture reduction, operational efficiency, and sustainability.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“• Repeat orders in concentrate and tailings filtration, The majority of the orders are for filter modernizations and upgrades. Orders in concentrate and tailings filtration modernizations total approximately EUR 60 million in 2025. • Launch of Symons® HydroLoop upgrade that is designed to eliminate the open-loop water sealing method used in traditional Symons crushers.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Orders in concentrate and tailings filtration modernizations total approximately EUR 60 million in 2025. • Launch of Symons® HydroLoop upgrade that is designed to eliminate the open-loop water sealing method used in traditional Symons crushers. This closed-loop recirculation system captures, filters and reuses over 99% of sealing water, helping operations dramatically reduce water waste, lower operating costs and improve ESG performance.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Metso’s technological focus is on several areas related to customer biodiversity impacts, e.g. closed water loops, raw material efficiency, tailings management, non-toxic processing options, and emissions management systems. These technologies can help in reducing land-use impacts, preventing pollution, and reducing groundwater consumption. They also contribute to minimizing the amount of raw materials needed as inputs in customer operations.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“One of our facilities in the U.K. has had water use restrictions imposed on its operations due to increased domestic demand on the underlying groundwater aquifer. The continuation or recurrence of such conditions could have an adverse effect upon our agricultural supply chain.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“The suppliers of the agricultural raw materials we purchase are also dependent upon sufficient supplies of quality water for their fields. A substantial reduction in water in certain agricultural areas could result in material losses of crops, such as barley or hops, which could lead to a shortage of our product supply.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Table of Contents We purchase and use a large volume of agricultural and other raw materials, which are purchased through supply contracts with third parties, to produce our products (including barley, malted barley, hops, corn and other various adjuncts), as well as water and packaging materials (including aluminum cans and bottles, glass and polyethylene terephthalate containers as well as cardboard and other paper products).”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“An inadequate supply or availability of quality water could have a material adverse effect on, among other things, our sales, production processes, other costs and, in turn, profitability. Quality water is a key ingredient in our brewing process. Clean water is a limited resource in many parts of the world and climate change may increase water scarcity and cause a deterioration of water quality in areas where we maintain brewing operations.”

Annual report 2025A · The company itself

MOWI ASASector unknown

Driver · mixed effect · strength 2/3

“Mowi is committed to using freshwater in a responsible way and has set targets to address water withdrawal in areas where water scarcity is a potential issue. Limited freshwater availability creates both impacts and risks from an operational point of view, but also opportunities linked with an increasing recognition that farmed salmon has lower freshwater use compared to alternative land animal proteins.”

Annual report 2024A · The company itself

Driver · strengthens · strength 1/3

“Our exposure to high water scarcity is very limited with only 0.08% of our water withdrawal originating from areas with high water scarcity.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“For Mowi's direct operations, potential freshwater-related risks are connected to sites located in areas of high or extremely high risk of water stress. Our findings showed that only four of our processing facilities operate in areas of high water scarcity, whilst none of our farming operations do. The plants are located in Belgium, Shanghai and Vietnam, where the physical risk of limited available water resources can potentially impact production by halting or reducing processing activities in the short-medium term.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Having a low, and potentially lower water consumption compared to other protein producers, could lead to future opportunities for increased business performance, due to product recognition as sustainable from a water stewardship perspective.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“Phase 2: Evaluate dependencies and impacts Dependencies Both our farming and processing entities are heavily dependent on consistent freshwater water supply quality and quantity. We are also dependent on marine resources for feed ingredients, although this is reduced through methods outlined in the following opportunities section.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Phase 3: Assess material risks and opportunities Risks Potential water scarcity in certain operational regions can disrupt our production. Regulatory penalties related to freshwater discharge or marine pollution can also impact our financial health.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Opportunities linked with freshwater use are also identified, namely the opportunity that seafood consumption offers as a replacement of land animal proteins which have a higher freshwater use dependency.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“The percentage of water withdrawal from areas classified as high overall water stress (using Aqueduct, water quality assessment), is only 0.08% for Mowi Group, showing a slight decrease from 2023 (0.09%) (318 641 m3, all sourced from surface water).”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“We have four processing facilities that operate in areas with high water scarcity risk: Mowi Vietnam, Mowi Shanghai and Mowi Belgium (Ostend and Bruges). Mowi aims for a continuous improvement in water use efficiency in all our business areas.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“Water consumption in areas at water risk Of the total consumption, 364.6 m3 was in regions identified using Aqueduct as high-water stress areas. This is reduced in comparison with the 978.0 m3 reported in 2023.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Water intensity Mowi's freshwater consumption intensity for the year 2024 was 108.45 m3/million EUR of net revenue. This ratio helps us monitor the efficiency of our water use in relation to economic output and track improvements over time.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“For Farming Norway, our freshwater withdrawal in 2024 was 222 975 491 m3, representing 0.62 m3/kg fish produced in Norway. Again, these both demonstrate a slight increase compared with 2023 results (173 210 009 m3, and 0.49 m3/kg fish produced in sea, respectively), but reflect the increase in RAS production in Norway during 2024.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“The percentage of water withdrawal from areas classified as high water scarcity risk (using Aqueduct, water quality assessment), is only 0.08% for Mowi Group (318 641 m3, all sourced from surface water). This represents a slight decrease in comparison with 2023 results (0.09%) These areas are all part of our Sales and Marketing operations, more specifically from 4 processing plants located in China, Vietnam and Belgium.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“Mowi depends on well-functioning and stable ecosystems to produce our salmon under optimal conditions for them to thrive and be healthy. Several key steps in our value chain are directly dependent on specific nature services needed for production. This ranges from the sourcing of marine and vegetable feed ingredients to the freshwater for rearing smolts, and the coastal marine waters where we farm our salmon until harvest.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“•Climate risks related to storm damage due to extreme weather events and algae blooms due to increased temperatures. •Risk of seabed impact beyond environmental carrying capacity. •Risk related to feed raw materials, such as severe drought, deforestation and limited marine fish stocks, can have an impact on the availability and price of agricultural commodities. •Freshwater-related risks connected to sites located in areas of high or extreme high risk of water stress, where the risk of limited available water resources can potentially affect production by halting or reducing processing activities. •Escaped farm-raised salmon can represent a risk as it may have a negative impact on the environment, due to ecological interactions and interbreeding with wild populations.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Freshwater and Marine Resources Freshwater is important for Mowi and is used both directly and indirectly in our operations, in the initial stages of farming to produce smolts prior to sea transfer as well as at our processing plants to keep high hygienic standards, and from the use of agricultural feed raw materials.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Therefore, the majority (99%) of freshwater withdrawal in our business comes from the initial life stage of production of salmon. Although we do not farm in countries with freshwater scarcity, we still focus our efforts and resources on freshwater efficiency at our freshwater farming units, feed and processing plants.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Our KPI associated with water withdrawal intensity (m3/tonne of fish processed) at our processing plants located in high overall water risk is percentage reduction in water intensity. 2018 water intensity data at our processing plants located in high water scarcity areas are used as the baseline for assessing the target in place during 2024 (or the most recent complete year of typical production, if 2018 is not applicable). Freshwater withdrawal and discharge are reported internally on a quarterly basis by all of our processing plants, whilst a detailed freshwater survey of all our processing, farming, nutrition and feed plants is undertaken on an annual basis for public disclosure through our annual report.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Mowi follows wastewater discharge limits (discharge volume and quality) per national regulations and aims to comply 100% with the volume and quality regulatory limits. All our processing plants discharging wastewater to freshwater do it through third-party wastewater treatment plants where regulatory limits are set by national environmental governmental agencies (therefore 0 m3 discharged to freshwater environments).”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Actions We have initiated a water withdrawal intensity reduction target, which aims to reduce our water withdrawal intensity (m3/tonne production).”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Stakeholder consultations All of Mowi's processing plants assessed to be located in the high overall water risk category are consulted as a minimum on a quarterly basis, in order to review and, if necessary, enhance each facility's water saving initiatives or strategies in line with Mowi's targets to reduce water withdrawal at these locations.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Addressing areas at water risk As already covered in our Screening of Assets and Activities section, Mowi undertake an annual assessment of water risk across all our operational sites using the third party tool Aqueduct, to evaluate whether any of our sites are within the scope of our freshwater intensity target, previously described. This drives assets in scope to reduce water intensity (m3/tonne of production) through equipment upgrades, innovation, and management decisions.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“In addition, soil and crop management requirements, including the use of cover crops, management of vegetation, management of crop succession and rotation, are core to the ProTerra standard. In 2024, additional to Mowi’s certification schemes that ensure agricultural raw materials are sourced from areas where water management is considered, we ran a water risk assessment using Mowi’s global due diligence process for suppliers. For those suppliers rated as high-risk in our water index (consisting of a wastewater discharge treatment index and a baseline water stress index) we have developed a Mowi Environmental survey including a water risk assessment to further understanding the risk profile and the actions being taken by our suppliers on aspects related to water scarce areas, monitoring of water withdrawal, consumption and discharge as well as water risk policies, water infrastructure, sustainable water supply, the protection of water bodies from pollution by agriculture activity, and water related targets.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Every year Comply 100% with the volume and quality regulatory limits for wastewater discharge to freshwater. When considering wastewater discharge directly to freshwater environments (i.e. surface wastewater discharge), we follow, as a minimum, the World Bank wastewater limits for Chemical Oxygen Demand (COD), Biological Oxygen Demand (BOD), Total Nitrogen (TN) and total phosphorus (TP), where the limit is applicable to the specific geography.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Water recycled and reused Mowi’s most modern and recent RAS facilities are operating with a percentage of recirculation varying from 95% to 99.9% and recycled 33 727 828 m3 of freshwater in 2024, an increase versus 2023 (31 068 319 m3). This reflects Mowi's increased investment in RAS during 2024, supporting our postsmolt development strategy.”

Annual report 2024A · The company itself

Munters Group ABSector unknown

Driver · strengthens · strength 3/3

“Strategi Introduktion Strategi Vårt strategiska hjul Megatrender Marknad Kunder Innovation Effektivitet och kvalitet Medarbetare Verksamheten Bolagsstyrning Hållbarhetsrapport Finansiell information Övrigt Klimatförändring och resursbrist Urbanisering samt en åldrande Accelererad digitalisering och användande av AI Global marknadstransformation och växande befolkning Klimatförändringar samt brist på sötvatten och andra naturtillgångar ökar behovet av hållbarhet och effektiv användning av dem, vilket innebär högre krav på företag i alla branscher.”

Annual report 2024A · The company itself

Driver · weakens · strength 1/3

“Munters har verksamhet i exempelvis Israel, där vattenbrist är ett problem.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Strategiskt fokus • Vi leder utvecklingen av energi- och resurseffektiva lösningar med avancerad teknik och djup applikationskunskap för att minska koldioxidutsläpp och förbättra resursanvändningen. • Vi bidrar med förutsättningar för en mer effektiv livsmedelsproduktion genom bättre och mer kontrollerade produktionsmiljöer och optimala klimatförhållanden från foder till färdig produkt i butik. • Vi möter tillväxt inom datacenter genom lösningar för effektiv kylning nära servrar som därmed kan optimera kapacitet och drift. • Vi erbjuder kvalitetsprodukter under Munters varumärke samtidigt som vi ökar vårt regionala fokus inom försäljning, produktion och service. • Vi möjliggör optimering av den globala värdekedjan för odling och produktion av livsmedel med hjälp av våra digitala produkter. • Vi utvecklar hållbara leverantörskedjor och stärker partnerskap med fokus på ansvarsfullt företagande och nya lösningar.”

Annual report 2024A · The company itself

Driver · strengthens · strength 3/3

“Sveriges vatten- och avloppsreningsverk och ledningsnäten är så eftersatta att vattenförsörjningen riskerar att bli en samhällskris.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Vi tryggar tillgången till rent vatten och möjliggör för samhällen att växa hållbart genom att bygga och modernisera infrastrukturen för fjärrvärme, vatten och avlopp.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Vi erbjuder projektering och anläggningsarbeten inom områden som är kritiska för samhället som el, telekom, vatten och avlopp.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Projekterar och anlägger markentreprenader, fjärrvärme, vatten och avlopp.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Vårt erbjudande omfattar projektering och installation av fjärrvärme, vatten och avlopp. Vi utför också olika markentreprenader.”

Annual report 2024A · The company itself

NewmontSector unknown

Driver · weakens · strength 3/3

“In 2019, Cadia experienced droughts, which resulted in temporary process plant water shortages and lower processed volumes. In 2023, Lihir’s operating and financial performance was impacted by lower feed grade reflecting a higher proportion of low grade material being processed in the second half of the year, following extreme rainfall that limited pit access and caused materials handling issues at the mine crusher. This followed prolonged drought conditions across the province of New Ireland in PNG, where Lihir is located, which resulted in limited raw water supply to Lihir.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Newmont operates in areas where watersheds are under stress with limited supply, increasing population and water demand, and impacted water in various forms. Increasing pressure on water use may occur due to in-migration of communities and increased populations in proximity to our operations.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Our Peñasquito operation is situated in an area with high baseline water stress. Peñasquito in Mexico takes its water supply from the Cedros Aquifer which has limited and declining yield as it is located in a dry and arid area that is prone to drought, and also is relied upon by nearby communities as a water supply for drinking water and agriculture.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Table of Contents In 2023, Lihir’s performance was impacted following extreme rainfall limiting pit access and causing material handling issues at the crushers. Lihir has also experienced reduced milling rates due to limited raw water supply to the plant driven by drought conditions experienced across the New Ireland Province in PNG.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Our operations and projects are dependent on the availability of sufficient water supplies and subject to water-related risks.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“In December 2025, a decree issuing the General Waters Law and amendment to the National Waters Law was enacted, which could negatively impact the Company and its operations in Mexico if the Company requires additional volumes to those under its current concessions. Potential impacts include restrictions on transfer of water volumes among concessionaires and other water volume limitations.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Chronic risks (long-term shifts in climate patterns) Long-term changes and extreme variability in climate patterns, as well as events like droughts and floods, can potentially impact accessibility to clean water and affect Nordic’s manufacturing suppliers and their production capacity. Such events potentially impact our ability to deliver products to our customers and lead to reduced/delayed revenue.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“The transportation of Nordic products downstream is done by the distributors and Nordic customers, and Nordic does not have the means to control that. l l l l E3 Water & marine resources Material impacts, risks, and opportunities Location in the value chain Upstream Downstream Short-term Medium-term Long-term High water consumption in semiconductor production Nordic’s suppliers use significant amounts of fresh water for cooling and cleaning during the semiconductor manufacturing process. This high level of water consumption contributes to the depletion of freshwater resources, particularly in regions with water stress. While suppliers have implemented water treatment and recycling mechanisms, the overall demand for water remains substantial. The semiconductor industry consumes approximately 1 liter of water per chip produced, leading to significant water usage, especially in areas that rely on groundwater sources.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“As a fabless semiconductor producer, it is important to recognize the negative impact our outsourced manufacturing has on water resources. This impact is inherent to our fabless business model and value chain structure.”

Annual report 2024A · The company itself

NORSKE SKOG ASASector unknown

Input · weakens · strength 3/3

“Water intensive production process Impact, negative x x x x The water intensive production process has a negative impact on the climate because of the large quantity of fresh water needed to produce publication paper and packaging paper. The process needs large amount of water to dissolve and mix the different input factors together into mechanical pulp and deinked pulp to produce finished goods.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Risk 1: Water availability for production processes Norske Skog relies on fresh water for the production of publication and packaging paper. Climate change-induced temperature rises are expected to alter precipitation patterns, leading to periods of drought, inconsistent rainfall, and shrinking water sources. This poses a business risk as it may result in water shortages that impact production capacity and raise concerns over industrial water usage compared to public needs.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Norske Skog’s policy promotes sustainable marine practices, focusing on minimising impacts on marine ecosystems and ensuring responsible water use, especially in areas where discharges affect fresh water and brackish water bodies. Norske Skog works with both with national and local authorities to protect marine environments.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Water usage management: o Action taken: Norske Skog monitors water usage and quality in all its production sites. o Expected outcomes: By implementing a closed-loop water system in certain facilities, Norske Skog aims to ensure that water availability remains stable despite potential climate changes. o Future plans: Expansion of water recycling systems and implementation of closed-loop systems to reduce dependency on external water sources. o Policy contribution: Supports SDG 6 (Clean Water and Sanitation) and contributes to more efficient resource usage in the face of climate change.”

Annual report 2024A · The company itself

NvidiaSector unknown

Driver · weakens · strength 3/3

“Data centers depend on access to clean water and predictable energy. Power or water shortages, land or permitting constraints, or regulations that limit energy, water, or land availability, could impair the ability of our customers to expand their data center capacity and consume our products and services, which may in turn negatively impact our business.”

Annual report 2026A · The company itself

NXP SemiconductorsSector unknown

Input · weakens · strength 3/3

“Such natural disasters pose physical risks to our manufacturing, IT facilities or our suppliers’ facilities, or could disrupt the availability of water and utilities necessary for the operation of our manufacturing facilities or our suppliers’ facilities resulting in increased operating costs and business disruption, such as the disruption to our Austin, Texas manufacturing facilities caused by the February 2021 winter storm and weather-related disruption of water and utilities to these facilities.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Many of our manufacturing sites and those of our suppliers are located in semi–arid regions that may become increasingly vulnerable to prolonged droughts associated with evolving changes to the climate, which may lead to water scarcity.”

Annual report 2025A · The company itself

Occidental PetroleumSector unknown

Input · weakens · strength 3/3

“The Company’s operations could be adversely affected if it is unable to source water or sand or dispose of surplus fluids. Water and sand are essential inputs for the exploration and production of oil and gas.”

Annual report 2025A · The company itself

PepsiCoSector unknown

Driver · weakens · strength 2/3

“We are also subject to national and local environmental laws in the United States and in foreign countries in which we do business, including laws related to water consumption and treatment, wastewater discharge and air emissions. In the United States, we are subject to the Clean Air Act, the Clean Water Act, the Comprehensive Environmental Response, Compensation and Liability Act, the Resource Conservation and Recovery Act and other federal, state and local laws and regulations regarding handling, storage, release and disposal of wastes generated onsite and sent to third-party owned and operated offsite licensed facilities.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Lack of available water of acceptable quality, actions by governmental and non-governmental organizations, investors, customers and consumers on water scarcity and increasing pressure to conserve and replenish water in areas of scarcity and stress, including due to the effects of climate change, can lead to: supply chain disruption; adverse effects on our operations or the operations of our business partners; higher compliance costs; increased capital expenditures (including investments in the development of technologies to enhance water efficiency and reduce consumption); higher production costs, including less favorable pricing for water; the interruption or cessation of operations at, or relocation of, our facilities or the facilities of our business partners; failure to achieve our goals relating to water use; perception of our failure to act responsibly with respect to water use or to effectively respond to legal or regulatory requirements concerning water scarcity; or damage to our reputation, any of which can adversely affect our business.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“We and our business partners use water in the manufacturing of our products. Water is also essential to the production of the raw materials needed in our manufacturing process.”

Annual report 2025A · The company itself

Pinnacle West CapitalSector unknown

Driver · weakens · strength 3/3

“Weather extremes such as drought and high temperature variations are common occurrences in the southwestern United States’ desert area, and these are risks that APS considers in the normal course of business in the engineering and construction of its electric system. Large increases in ambient temperatures could require evaluation of certain materials used within its system and may represent a greater challenge. Limitations on water supplies necessary to operate electric generation infrastructure could arise from prolonged drought and shortage declarations associated with key surface water resources.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“In addition, the decrease in snowpack can also lead to reduced water supplies in the areas where APS relies upon non-renewable water resources to supply cooling and process water for electricity generation. Prolonged and extreme drought conditions can also affect APS’s long-term ability to access the water resources necessary for thermal electricity generation operations. Reductions in the availability of water for power plant cooling could negatively impact APS’s financial condition, results of operations, or cash flows.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“In addition, the region in which APS’s power plants are located suffers from prolonged drought conditions, which could potentially affect the plants’ water supplies. Climate change is projected to exacerbate such 38 Table of Contents drought conditions. Colorado River water supplies for Arizona are subject to shortage declarations that substantially limit the quantity of water available to the state.”

Annual report 2025A · The company itself

PPL CorporationSector unknown

Driver · weakens · strength 3/3

“Table of Contents Water/Waste (PPL, LG&E and KU) Clean Water Act Regulations under the federal Clean Water Act dictate permitting and mitigation requirements for facilities and construction projects that impact "Waters of the United States". Many other requirements relate to power plant operations, including the treatment of pollutants in effluents prior to discharge, the temperature of effluent discharges and the location, design and construction of cooling water intake structures at generating facilities, and standards intended to protect aquatic organisms that become trapped at or pulled through cooling water intake structures at generating facilities. These requirements could impose significant costs for LG&E and KU, which are expected to be subject to rate recovery.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Clean Water Act Jurisdiction Environmental groups and others have claimed that discharges to groundwater from leaking CCR impoundments at power plants are subject to Clean Water Act permitting. On April 12, 2019, the EPA released regulatory clarification finding that Clean Water Act jurisdiction does not cover such discharges to groundwater.”

Annual report 2025A · The company itself

ROYAL UNIBREW A/SConsumer goods

Input · weakens · strength 2/3

“Water is Royal Unibrew’s most critical raw material, and water scarcity may pose significant operational risk”

Annual report 2025A · The company itself

Driver · weakens · strength 1/3

“We are essentially not operating in high or extremely high water stressed areas, except for the 0.8% associated with Amsterdam brewery, our Canadian site. By investing in more efficient equipment, enhancing monitoring and increasing water reuse and recycling, we improved our efficiency by 5% in 2025.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Our key inputs include water; agricultural products such as barley and sugar; packaging materials including cans, glass bottles, PET bottles, and cardboard; as well as traded goods.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Water is our most important raw material; therefore, water preservation and water quality are key focus areas for us. In 2025, we initiated establishment of water roadmaps for each of our production sites, facilitated sharing of best practices, and increased water reuse while we applied a water stewardship mindset.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Our capacity planning is based on our growth expectations and the need to renew older assets, while also leveraging new, more efficient technology and improved energy and water consumption. Capability investments allow us to reduce costs by insourcing production and by moving production closer to our customers.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“We invest in best-in-class equipment to ensure operational reliability and scalable capacity and during 2025, new production lines in the Netherlands, Italy, and Denmark were taken into use. Following the acquisitions of Vrumona in the Netherlands and San Giorgio in Italy in 2023, production equipment has been modernized, adding both capacity and new capabilities while improving water and energy efficiency.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Investments in property, plant and equipment totaled DKK 797m (2024: DKK 761m), reflecting continued investments in production capacity, logistics infrastructure, sustainability initiatives, and the modernization of production lines.”

Annual report 2025A · The company itself

SkiStar AktiebolagSector unknown

Input · weakens · strength 2/3

“Energi – 100 procent förnybar från vatten, sol och vind. Vatten används från naturliga vattendrag och dammar.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“FRÅN VATTEN TILL SNÖ Vid snöproduktionen görs uttag av naturligt vatten från närliggande vattendrag och sjöar, som i vissa fall lagras i dammar i anslutning till våra anläggningar. Vatten hämtas från dessa källor månaderna innan och i början av vintersäsongen och regleras för respektive källa via utfärdade vattendomar.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Det är en mer slitstark och tålig snö som står emot vädrets påverkan bättre än natursnö, men det är en vatten- och energikrävande aktivitet att producera kanonsnö och produktionen står för den största delen av det vatten som används inom verksamheten.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Under året uppgick vattenförbrukningen till 4,1 (4,3) miljoner kubikmeter, vilket innebär en minskning med -5 (-16) procent jämfört med 2022/23.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Under verksamhetsåret 2023/24 har en vattendamm anlagts i Hundfjället i Sälen, detta görs för att kunna lägga snö tidigare utan att torrlägga åar på fjället, konstgjorda dammar samlar upp vatten vid skidbackarnas fot.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Avsnitt E – Miljömässiga faktorer E1VATTENANVÄNDNING SkiStar använder vatten till sin snöproduktion som hämtas från älvar, åar och vattendammar intill SkiStars destinationer. Det vatten som används vid SkiStars anläggningar går i huvudsak till SkiStars snöproduktion.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“SkiStars verksamhet är vattenkrävande för snöproduktion och risken påverkas av tillgång till vattenkällor och de vattendomar som råder.”

Annual report 2024A · The company itself

Suominen OyjSector unknown

Driver · weakens · strength 3/3

“Our material impacts, risks and opportunities related to water SUSTAINABILITY Water - High water consumption in operations - 90% of water returned to water bodies or sanitary sewer systems - Water reuse processes - Increasing water price in Spain - Increasing water scarcity in Spain Interaction with strategy and business model Water is an essential resource for Suominen, as it is used in nonwovens production processes to bind fibers together into nonwoven fabrics. Approximately 89% of the water taken into our processes is discharged back to water bodies or sanitary sewer systems, which means that only 11% of our water intake is consumed in our production processes, mainly through evaporation.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“The wetlaid production technology that is used at two Suominen production sites requires significantly more water than other production technologies. Wetlaid production accounts for 83% of Suominen’s total water intake.”

Annual report 2025A · The company itself

Svedbergs Group ABSector unknown

Driver · weakens · strength 2/3

“Vatten Biologisk mångfald och ekosystem Värdekedja Värdekedja Typ av väsentlig IRO (E/U/N) Beskrivning Typ av väsentlig IRO (E/U/N) Beskrivning Vatten Negativ påverkan Positiv påverkan N Slutanvändarna av de produkter som koncernens bolag säljer konsumerar sötvatten.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Risker och möjligheter för Svedbergs Group Till de främsta riskerna hör störningar i leverantörskedjan till följd av vattenrelaterade utmaningar i leverantörskedjan, till exempel brist på vatten i samband med råmaterialutvinning och tillverkningsprocesser.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Koncernens leverantörer använder varierande mängder vatten. Till exempel är keramik ett vattenintensivt material.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Risker U N Inköp från leverantörer i områden präglade av vattenstress. Konsekvenser för ekosystemens omfattning och tillstånd Negativ påverkan Negativ påverkan Lageranläggningar och andra byggnader som koncernens bolag använder kan ha negativ påverkan på den biologiska mångfalden och ekosystemen, eftersom de trängs undan.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Påverkan, risker och möjligheter Styrning Strategi och åtgärder Påverkan i värdekedjan Policyer med bäring på vatten Produktutveckling Implementering av mål Svedbergs Groups påverkan på vattenuttag är primärt en konsekvens av uppströms utvinning av råvara, där en del av framställning och tillverkning sker i regioner präglade av vattenstress. Svedbergs Group har bland annat leverantörer i Spanien, Italien, Tyskland, Portugal, Belgien, Turkiet och Kina.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Till enskilda råvaror förknippade med ett högt vattenuttag hör bland annat keramik och metall.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Om koncernen designar produkter med vatteneffektivitet i åtanke finns det potential för positiv påverkan. Produkter som designas för att förbruka små vattenmängder i användningsfasen kan ha en positiv effekt, eftersom mindre vatten används.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Water Stewardship policy Stort fokus i produktutvecklingen ligger på att optimera och effektivisera vattenanvändningen, särskilt i duschar och blandare. Detta utan att användarens upplevelse och behov begränsas. Flertalet blandare i sortimenten är till exempel utrustade med teknologier som minskar vattenförbrukningen, såsom flödesbegränsare och luftinblandning.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Under 2024 beslutades om att samtliga tier-1- leverantörer i områden präglade av vattenstress ska ha hållbara metoder för vattenanvändning på plats senast 2030.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Genom dialog med leverantörer och övervakning av vattensituationen i utsatta regioner bedrivs ett förebyggande arbete. På så sätt ska vattenavtrycket i produktionen och vattenrelaterade risker i leveranskedjan minska.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Genom att tillhandahålla produkter som möjliggör effektiv användning av vatten kan konkurrenskraften stärkas.”

Annual report 2024A · The company itself

SWECO AB (publ)Sector unknown

Driver · strengthens · strength 3/3

“Sweco fortsatte att stärka orderboken inom den gröna omställningen med god efterfrågan på tjänster inom segmenten energi, vatten, miljö, infrastruktur.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Vattensektorn var god, även om ekonomiska utmaningar för kommunerna började reducera investeringstakten mot slutet av året.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Antal nya experter genom förvärv Antal förvärv 20242023202220212020 Antal förvärv under året Antal nya experter genom förvärven Förvärv under året Econsultancy B.V., Nederländerna är en av Nederländernas ledande miljökonsulter inom områdena ekologi, biologisk mångfald, arkeologi, infrastruktur, vatten och mark samt lantmäteri med hjälp av drönare. Härigenom stärker Sweco sitt team med över 200 experter som ansluter till bolagets nederländska organisation med 1 900 ingenjörer, miljökonsulter och arkitekter.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Frilling + Rolfs GmbH, Tyskland är ett teknikkonsultbolag specialiserat på vattenhantering och behandling av avloppsvatten. Bolagets experter, med över 60 års erfarenhet inom områdena vatten och avloppsvatten, ingenjörsteknik samt miljö teknik, expanderar Swecos geografiska utbredning i den nordvästra delen av Tyskland och är i linje med Swecos strategi att kombinera en stark lokal närvaro med internationell expertis.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Sweco deltar i den pågående återuppbyggnaden av Ukraina genom att bidra med expertis för att trygga dricksvattenförsörjning och modernisera avloppsvattenrening iKobleve samt etablera en ny avloppsvattenrening i Dobroslav. Projektet finansieras av Swedfund.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Den 16 oktober förvärvade Sweco Ingenieurbüro Frilling+Rolfs i Tyskland med 31 experter inom vatten- och avloppshantering. Bolaget har en årlig nettoomsättning om 61 MSEK.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“De flesta affärsområden upplevde goda marknadsförhållanden för Swecos tjänster inom segmenten infrastruktur, vatten, miljö och energi.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Tillverkning av halvledare kräver vanligtvis mycket hög vattenkvalitet, vilket i sin tur leder till hög vattenförbrukning. Tillverkningen kan också orsaka att avloppsvatten kan innehålla föroreningar om det inte behandlas på rätt sätt.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Mineralbrytning kan påverka vattnet i flera delar av brytningsprocessen, vilket kan påverka både tillgången till färskvatten samt vattenkvaliteten.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Dessa krav innebär bland annat att leverantörer måste mäta och kontrollera utsläpp till vatten och säkerställa lämplig avloppsvattenrening. Dessa leverantörer förväntas också kontrollera och mäta sin vattenanvändning. Om vattenförbrukningen anses utgöra en väsentlig miljöaspekt förväntas affärspartnern ta fram en plan för vattenhantering i syfte att minimera den totala vattenförbrukningen, återvinna avloppsvatten eller på annat sätt minska sin påverkan.”

Annual report 2024A · The company itself

Xylem Inc.Sector unknown

Driver · weakens · strength 3/3

“Our operations, products and services are subject to various federal, state, and local or foreign laws and regulations designed to protect the public, employees and the environment, including those related to: emissions; potable and non-potable water; wastewater treatment and discharge; the generation, handling, storage, use, transport, treatment and disposal of non-hazardous and hazardous materials and wastes; use of U.S. FCC-licensed radio spectrum (as detailed above); and employee health and safety. These laws and regulations include the Occupational Health and Safety Act, the federal Safe Drinking Water Act, the Clean Water Act, the Clean Air Act, RCRA, CERCLA, the Toxic Substances Control Act, the Federal Insecticide, Fungicide and Rodenticide Act, the EU’s Restriction of Hazardous Substance Directive, and the EU’s Registration, Evaluation and Authorization of Chemicals Directive, and others enacted to address environmental concerns.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Our broad portfolio of products, services and solutions addresses customer needs of scarcity, resilience, quality, and affordability across the water cycle, from the delivery, treatment, measurement and use of drinking water, to the collection, testing, analysis and treatment of wastewater, to the return of water to the environment. We have differentiated market positions in core applications including transport and dewatering, process water and wastewater treatment, analytics, smart metering, digital software solutions and comprehensive services.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“As a leading global water technology company, we work to address some of the world’s most urgent sustainability challenges - responsible stewardship of our shared water resources and resiliency of communities to the effects of volatile weather patterns.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“These pillars include decarbonizing the water sector, by providing solutions that support energy efficiency and reduced emissions for our customers; accelerating water stewardship, by enabling leading practices in effective water management; and advancing WASH for all, by providing innovative solutions designed to increase services to underserved communities around the world.”

Annual report 2025A · The company itself

A. O. SmithSector unknown

Driver · strengthens · strength 2/3

“In addition, evolving national drinking water standards regulating per- and poly-fluoroalkyl substances (PFAS), as well as mandatory lead pipe replacements by public water utilities, could affect the demand for our water filtration products.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“We anticipate sales of our North America water treatment products will grow between 10 and 12 percent primarily due to tariff-related pricing benefits and as we continue to expand our dealer network.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“In addition, certain natural disasters, including drought, wildfires, storms, sea-level rise and flooding, could disrupt the availability of water necessary for the operations of our business or the business of our suppliers or customers.”

Annual report 2025A · The company itself

Afarak Group SESector unknown

Driver · weakens · strength 2/3

“These guidelines are implemented through technologies for the reuse and recycling of process water. At Afarak's sites, this is achieved through closed-loop water systems, which significantly reduce both fresh water consumption and wastewater discharges. Afarak also attaches great importance to minimizing water pollution. The company's own wastewater treatment plants and optimized wastewater treatment processes significantly reduce the discharge of pollutants into water resources.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“There is a high level of water stress at the mine sites in South Africa and Turkey, as these regions are characterized by limited water availability. This requires particularly efficient use of water in order to minimize the impact on local water resources.”

Annual report 2025A · The company itself

AFRY ABSector unknown

Market · strengthens · strength 2/3

“Divisionen är en ledande aktör inom Divisionen erbjuder ingenjörsoch konsulttjänster inom byggnader, transportinfrastruktur och vatten i Europa.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“This is due to crops often being water-intensive and sourced from various regions, including areas that are prone to acute or chronic water stress. The sourcing of these commodities can contribute to regional water scarcity, potentially straining limited water supplies and affecting local communities.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“These are located in the value chain of BioMar that relies on large quantities of vegetable and marine raw materials sourced globally. These impacts are closely tied to marine resources and to water availability.”

Annual report 2025A · The company itself

Alfa Laval ABSector unknown

Driver · strengthens · strength 2/3

“Eftersom vatten i allt högre grad blir en bristresurs, förblir vattenoch avfallsbehandling ett nyckelområde: förbättrade produkter hjälper till att minska kundernas vattenförbrukning eller att göra vattenbehandlingsprocesser mer effektiva.”

Annual report 2024A · The company itself

Align TechnologySector unknown

Driver · weakens · strength 2/3

“Our manufacturing facility in Juarez, Mexico is located in an area classified as high-water stress and our operations could be impacted by water shortages, rationing and droughts.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“ALK’s Madrid (Spain) production site operates in a high-water stress area”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Our ability to scale our technical infrastructure is increasingly constrained by the availability of power, water, and land.”

Annual report 2025A · The company itself

Apetit OyjSector unknown

Input · weakens · strength 2/3

“The direct environmental impacts of Apetit’s Food Solutions business are related to energy and water consumption and the treatment of process side streams and waste.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“In addition, if certain non-agricultural commodity raw materials, such as water or certain chemicals used in the Company’s processing operations, are not available, the Company’s business could be disrupted. Any major lack of available water for use in certain of the Company’s processing operations could have a material adverse impact on operating results.”

Annual report 2025A · The company itself

Aspocomp Group OyjSector unknown

Input · weakens · strength 2/3

“Piirilevyjen valmistusprosessi vaatii runsasta määrää vettä. Valmistusprosessin jälkeen kaikki vedet käsitellään tehtaan omalla jätevedenpuhdistuslaitoksella ennen niiden ohjaamista kunnalliseen jätevedenpuhdistukseen.”

Annual report 2024A · The company itself

ASTRAZENECA PLCSector unknown

Driver · weakens · strength 2/3

“We recognise our most material water pollution impact as the APIs in our products. APIs are biologically active molecules and may interact with and impact wildlife in the environment. We have ongoing programmes and processes across the value chain to understand and minimise the impact of pharmaceuticals in the environment (PiE), as part of our ambition to lower the environmental burden of healthcare, while improving health outcomes and reducing our exposure to environmental risks.”

Annual report 2025A · The company itself

ATLANTIC SAPPHIRE ASASector unknown

Driver · strengthens · strength 2/3

“Effective effluent management strategies such as recycling and reuse systems within the Bluehouse help conserve Florida’s aquifer by reducing the amount of freshwater needed for salmon production.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Water temperatures and quality was stable during 2024. Mortality was low throughout 2024.”

Annual report 2024A · The company itself

Atria OyjSector unknown

Driver · strengthens · strength 2/3

“Atria toimii pääosin alueilla, joilla ei ole vesistressiä.”

Annual report 2025A · The company itself

Baxter InternationalSector unknown

Driver · weakens · strength 2/3

“Further, the impacts of climate change, particularly severe weather events and droughts, have negatively impacted, and may in the future negatively impact, our ability to obtain material energy and water sources and other resources, including employee availability and access to shipping routes.”

Annual report 2025A · The company itself

Becton DickinsonSector unknown

Input · weakens · strength 2/3

“In addition, access to (and pricing of) certain natural resources, such as water, could impact our manufacturing operations.”

Annual report 2025A · The company itself

Berkshire HathawaySector unknown

Market · strengthens · strength 2/3

“The Water Technologies group manufactures water treatment equipment for residential, commercial and industrial applications worldwide.”

Annual report unknown yearA · The company itself

Market · strengthens · strength 2/3

“OxyChem is a leading producer of basic chemicals that support critical applications in water treatment, pharmaceuticals, healthcare, manufacturing, automotive, personal hygiene and construction and other industries.”

Annual report unknown yearA · The company itself

Market · strengthens · strength 2/3

“OxyChem concentrates on the chlorovinyl chain, beginning with the co-production of caustic soda and chlorine, which are marketed to external customers.”

Annual report unknown yearA · The company itself

Berner Industrier ABSector unknown

Market · strengthens · strength 2/3

“Exponering mot starka och växande marknader medhållbarhet som grund Med vår diversifierade verksamhet och exponering mot flera samhällsviktiga sektorer såsom vattenbehandling, energiproduktion och hållbar industri rör sig våra verksamheter ihjärtat av de starka, under - liggande samhälls trenderna, och ger oss möjlighet att till viss del parera fluktuationer imarknaderna.”

Annual report 2024A · The company itself

Blackstone Inc.Sector unknown

Market · strengthens · strength 2/3

“BIP targets a diversified mix of core+, core and public-private partnership investments across all infrastructure sectors, including energy infrastructure, transportation, digital infrastructure and water and waste.”

Annual report 2025A · The company itself

Brown–FormanSector unknown

Driver · weakens · strength 2/3

“Water is an essential component of our products, so the quality and quantity of available water is critical to our ability to operate our business. If extended droughts become more common or severe, or if our water supply is interrupted for other reasons such as government intervention, high-quality water could become scarce in some key production regions for our products, which in turn could adversely affect our business and financial results.”

Annual report unknown yearA · The company itself

Input · weakens · strength 2/3

“Principal Raw Materials Distilled Spirits Liqueurs RTD Products Packaging Agave Flavorings Carbon dioxide Aluminum cans Barley Neutral spirits Flavorings Cartons Corn Sugar Malt Closures Malted barley Water Neutral spirits Glass bottles Molasses Whiskey Sugar Labels Rye Wine Tequila PET1 bottles Sugar Water Water Whiskey Wood 1Polyethylene terephthalate (PET) is a polymer used in non-glass containers.”

Annual report unknown yearA · The company itself

Input · weakens · strength 2/3

“Higher costs or insufficient availability of suitable grain, agave, water, molasses, oak barrels, glass, closures, and other input materials, or higher associated labor costs or insufficient availability of labor, could adversely affect our financial results.”

Annual report unknown yearA · The company itself

CarlsbergConsumer goods

Input · weakens · strength 2/3

“replenishing all the water we consume at our breweries in areas with high water risk by 2030”

Annual report 2025A · The company itself

CEMAT A/SReal estate

Market · strengthens · strength 2/3

“CeMat '70 engages in the letting of premises and land, and the provision of utilities, including power, water and natural gas, and facility services etc. to its tenants.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Income statement Revenue for 2025 amounted to DKK 164.7 million (2024: DKK 39.4 million), comprising rental income of DKK 30.1 million (2024: DKK 28.1 million) and sales of utilities, including power and water, and facility services, etc. to tenants of DKK 9.2 million (2024: DKK 11.3 million).”

Annual report 2025A · The company itself

CintasSector unknown

Market · strengthens · strength 2/3

“The First Aid and Safety Services reportable operating segment consists of first aid and safety products and services, as well as workplace water services.”

Annual report 2026A · The company itself

Coherent Corp.Sector unknown

Driver · weakens · strength 2/3

“Additionally, AI datacenters require access to clean water and predictable sources of energy. Any shortages of these resources or regulations limiting energy, water, or land availability could decrease development and growth of our AI datacenter customers and, in turn, negatively impact our business.”

Annual report 2026A · The company itself

Concejo AB (publ)Sector unknown

Market · strengthens · strength 2/3

“Onoterade innehav (per 31 december 2024) i övrig förvaltning Noterade innehav (per 31 december 2024) i övrig förvaltning BERNER INDUSTRIER AB Berner Industrier är en nordisk industrikoncern som erbjuder innovativa produkter och lösningar som bidrar till att lösa samhällsproblem med hjälp av hållbar teknik. Viktiga områden är ren energi, rent vatten och ett hållbart resursutnyttjande.”

Annual report 2024A · The company itself

Consti OyjSector unknown

Input · weakens · strength 2/3

“Tuotantokustannusten nousu muuttuvien raaka-aineita koskevien markkinalähtöisten vaatimusten (esim. energia, vesi) ja tuotantovaatimusten (esim. kierrätys) vuoksi.”

Annual report 2025A · The company itself

Corning Inc.Sector unknown

Input · weakens · strength 2/3

“Factors such as supply chain disruptions, manufacturing interruptions or delays, or the failure to accurately forecast customer demand, could affect our ability to meet customer demand, lead to higher costs, or result in excess or obsolete inventory; if we are unable to obtain the necessary equipment, raw and batch materials, natural resources, utilities and other essentials required in our products or processes, our business will be negatively impacted Corning’s business relies on the timely supply of raw materials, precious metals, natural resources or utilities including energy and industrial water, equipment, parts and components, services and related products to meet the changing technical and volume requirements of its customers, which depends in part on the timely delivery of materials, equipment and services, from suppliers and contract manufacturers.”

Annual report 2025A · The company itself

CostcoSector unknown

Input · weakens · strength 2/3

“With continued growth in global demand for electricity and water stress in certain regions, we may have difficulty securing long-term utility contracts for new buildings or incur additional costs due to onsite generation and storage requirements.”

Annual report 2025A · The company itself

CRH plcSector unknown

Strategy · strengthens · strength 2/3

“Our sustainability framework identifies three areas: water, circularity, and decarbonization where CRH’s connected portfolio of essential materials, infrastructure products, and value-added services positions us to capture further value and accelerate growth. •Water: addressing the urgent need to modernize and expand water infrastructure through engineered solutions and management systems for water-resilient communities. •Circularity: reimagining the way materials are used, including recycling and reusing construction and waste materials to create value, protect our asset base and extend the life of our reserves. •Decarbonization: developing innovative solutions that support the construction of resilient, lower-carbon buildings and infrastructure.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Our strategic investment in VODA.ai expands our capabilities in water asset management with Artificial Intelligence (AI)-driven technology.”

Annual report 2025A · The company itself

Dedicare AB (publ)Sector unknown

Market · strengthens · strength 2/3

“Dedicare är Nordens största rekryterings- och bemanningsföretag inom vård, life science och socialt arbete. Främsta yrkesgrupperna är läkare, sjuksköterskor, socionomer, psykologer, pedagoger och specialister inom life science.”

Annual report 2024A · The company itself

Digital RealtySector unknown

Driver · weakens · strength 2/3

“Also, drought conditions in certain markets have resulted in water usage restrictions and proposals to further restrict water usage. Our data center facilities could face restrictions on water usage, water efficiency mandates, or higher water prices. Climate change could also limit water availability.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“• Produktions- och distributionsstörningar på grund av extrema väderförhållanden. • Stigande försäkringskostnader. • Ökade investeringar krävs för att trygga en stabil produk - tion och en stabil leveranskedja. • Väsentligt högre kostnader för sålda varor eftersom resursbrist leder till högre priser på råvaror, energi, vatten och distribution. • Lägre levnadsstandard och förändrade konsumtionsvanor. • Försämrad naturmiljö – skogar, kustlinjer, berg etc.”

Annual report 2024A · The company itself

DuPontSector unknown

Market · strengthens · strength 2/3

“Water Technologies operates as a pure play provider of advanced water filtration and separation solutions, including elements, modules, and systems serving primarily industrial wastewater and energy markets, municipal and desalination applications, and life sciences and specialty sectors. Its product suite includes AMBERLITE™ ion exchange resins, FILMTEC™ reverse osmosis and nanofiltration elements and INGE™ and ITEGRATEC™ ultrafiltration modules.”

Annual report 2025A · The company itself

EASTNINE AB (PUBL)Sector unknown

Input · weakens · strength 2/3

“Driftskostnader utgörs till stor andel av taxebundna kostnader såsom kostnader för el, sophämtning, vatten och värme. Flera av dessa varor och tjänsters kostnader ökar vid ökade råvarukostnader och begränsningar i utbud.”

Annual report 2024A · The company itself

EcolabSector unknown

Strategy · strengthens · strength 2/3

“Important in our value proposition for customers is our ability to produce improved results while reducing their water and energy use.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“By partnering with our customers to help them do more with less through the use of our innovative and differentiated solutions, we aim to help our customers conserve more than 300 billion gallons of water annually by 2030.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Specialty’s cleaning and sanitation programs are customized to meet the needs of the market segments it serves and are designed to provide highly effective cleaning performance, promote food safety, reduce labor, water and energy costs and enhance user and guest safety.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Light & Heavy provides water treatment products and technology programs for cooling water, ultra-pure water, wastewater, boiler water and process water applications. In addition to these solutions, we offer specialty programs to the petroleum and fuels industry – refining process applications, fuels and feedstocks additives.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“General ​ A trusted partner for millions of customers, we are a global leader in water, hygiene and infection prevention solutions and services that protect people and the resources vital to life.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Beyond our operations, we help customers in over 170 countries reduce their energy and GHG emissions through high-efficiency solutions in cleaning, sanitation, water, paper, and energy services.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Life Sciences also produces high performance purification resins that support critical separation processes across a range of industries, including power generation, food and beverage, and water treatment.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Todellinen, negatiivinen vaikutus Arvoketjun alkupää Keskipitkä–pitkä Veden käyttö Raaka-aineiden louhinta ja tuotanto kuluttavat paljon vettä, erityisesti teräksen tuotanto. Todellinen, negatiivinen vaikutus Arvoketjun alkupää Lyhyt–keskipitkä E5 Resurssien sisäänvirtaukset ja resurssien käyttö Enersensen toiminnassa käytetään paljon terästä, jolla on merkittäviä ympäristö- ja yhteiskunnallisia vaikutuksia.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“E3 – Vesivarat E3-1 – Vesivaroihin liittyvät toimintaperiaatteet Enersense soveltaa toimittajien vastuullisen toimintatavan ohjeita (Supplier Code of Conduct) hallitakseen veden kulutukseen ja ottoon liittyviä vaikutuksia raaka-aineiden, kuten teräksen, valmistusketjussa. Ohjeet määrittävät lähestymistavan eettisiin liiketoimintatapoihin, ihmis- ja ENERSENSE | KESTÄVYYSRAPORTTI | 80 työoikeuksiin sekä ympäristöarvoihin. Toimittajien vastuullisen toimintatavan ohjeissa ei käsitellä vesivarojen hallintaa, vedenhankintaa tai merten luonnonvarojen käyttöä, eikä niissä ole suoria viittauksia vedenkäsittelyyn tai veden pilaantumisen ehkäisemiseen.”

Annual report 2025A · The company itself

engcon ABSector unknown

Input · weakens · strength 2/3

“Ungefär 81 procent av engcons energianvändning sker i Sverige, där 100 procent av elen och 100 procent av värmen kommer från förnybara energikällor. Den el som köps i Sverige kommer från vind (över 80 procent), vatten (ca: 10 procent) och bioenergi (ca: 5 procent). Den förnybara värmen i Sverige kommer från förbränning av flis.”

Annual report 2024A · The company itself

EQT CorporationSector unknown

Input · weakens · strength 2/3

“Pressures on the market as a whole, or our specific financial position – whether due to depressed commodity prices, increased prices of raw materials such as iron, sand and water, our hedge positions, leverage, credit ratings, tax law changes or otherwise – could make it difficult for us to obtain the funding necessary to conduct our operations. •Risks Associated with Our Human Capital, Technology and Other Resources and Service Providers.”

Annual report unknown yearA · The company itself

Input · weakens · strength 2/3

“Advanced planning, a prerequisite to pursuing combo-development, facilitates the delivery of bulk hydraulic fracturing sand and piped fresh and recycled water and provides the ability to continuously meet completions supply needs and the use of environmentally friendly technologies such as electric hydraulic fracturing powered by natural gas.”

Annual report unknown yearA · The company itself

Input · weakens · strength 2/3

“Our ability to drill and develop these locations depends on a number of uncertainties, including natural gas, NGLs and oil prices; the availability and cost of capital; drilling and production costs; the availability of drilling services and equipment; drilling results; lease expirations; topography; gathering system and pipeline transportation costs and constraints; access to and availability of sand and water and corresponding materials sourcing and distribution systems, including railroads; coordination with coal mining; regulatory approvals; and other factors.”

Annual report unknown yearA · The company itself

Input · weakens · strength 2/3

“Our drilling and subsequent maintenance of wells can involve significant risks, including those related to timing, cost overruns and operational inefficiency, and these risks can be affected by the availability of capital, leases, rigs, equipment, a qualified work force, and adequate capacity for the treatment and recycling or disposal of wastewater generated in our operations, as well as weather conditions, natural gas, NGLs and oil price volatility, regulatory approvals, title and property access problems, geology, equipment failure or accidents and other factors.”

Annual report unknown yearA · The company itself

Essex Property TrustSector unknown

Input · weakens · strength 2/3

“Public utilities, such as water and electric power providers, are fundamental for the consistent operation of our 14 Table of Contents communities. Any delayed delivery or prolonged interruption of these services may cause tenants to terminate their leases or may result in a reduction of rents and/or increase in our costs or other issues.”

Annual report 2025A · The company itself

EvergySector unknown

Driver · weakens · strength 2/3

“Additionally, because many of the Evergy 24 Table of Contents Companies' generating stations utilize water for cooling, low water and flow levels can increase maintenance costs at these stations, result in limited power production and require modifications to plant operations. High water conditions can also impair planned deliveries of fuel to generating stations or otherwise adversely impact the ability of the Evergy Companies to operate these stations. Climate change may produce more frequent or severe weather events, such as storms, droughts or floods. These events could lead to unforeseen changes in water supply quality and create additional costs related to water treatment and complying with environmental discharge requirements.”

Annual report 2025A · The company itself

Eversource EnergySector unknown

Driver · weakens · strength 2/3

“Our subsidiaries’ operations are also subject to extensive and increasing federal, state and local environmental statutes, rules and regulations that govern, among other things, water quality (including treatment of PFAS (Per- and Polyfluoroalkyl Substances) and lead), water discharges, the management of hazardous material and solid waste, and air emissions including greenhouse gases. Compliance with these requirements requires us to incur significant costs relating to environmental permitting, monitoring, maintenance and upgrading of facilities, remediation, and reporting. For our water business, compliance with water quality regulations, including those for PFAS and lead, could require the construction of facilities and replacement of customer lead service lines, respectively.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Our water business faces an inherent strategic risk related to adequacy of supply (i.e., water scarcity). We expect that climate change will cause both an increase in demand due to increasing temperatures and a potential for a decrease in available supply due to shifting rainfall and recharge patterns.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“In Connecticut, where most of our dams are located, impounded waterways are required to release minimum downstream flow. New regulations are being phased into effect over the next one to five years that will increase the volume of downstream releases required across our Connecticut service territory, depleting the volume of supply in storage that is used to meet customer demands.”

Annual report 2025A · The company itself

Driver · weakens · strength 1/3

“Our water supplies, including water provided to our customers, are also subject to possible contamination from naturally occurring compounds and elements or non-organic substances, including PFAS.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Sources and Availability of Water Supply Our water utilities obtain their water supplies from owned surface water sources (reservoirs) and groundwater supplies (wells) with a total supply yield of approximately 135 million gallons per day, as well as water purchased from other water suppliers. Approximately 98 percent of our annual production is self-supplied and processed at ten surface water treatment plants and numerous well stations, which are all located in Connecticut, Massachusetts, and New Hampshire.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“WATER DISTRIBUTION SEGMENT Aquarion Company (Aquarion) operates five separate regulated water utilities in Connecticut (Aquarion Water Company of Connecticut, or AWC-CT, and The Torrington Water Company), Massachusetts (Aquarion Water Company of Massachusetts, or AWC-MA), and New Hampshire (Aquarion Water Company of New Hampshire, or AWC-NH, and Abenaki Water Company). These regulated companies provide water services to approximately 249,000 residential, commercial, industrial, municipal and fire protection and other customers, in 73 towns and cities in Connecticut, Massachusetts and New Hampshire.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“As of December 31, 2025, Aquarion owned and operated sources of water supply with a combined yield of approximately 135 million gallons per day; 3,861 miles of transmission and distribution mains; 10 surface water treatment plants; 37 dams; and 119 wellfields.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Aquarion’s general rate structure consists of various rate and service classifications covering residential, commercial, industrial, and municipal and fire protection services. The rates established by the PURA, DPU and NHPUC are comprised of the following: •A base rate, which is comprised of fixed charges based on meter/fire connection sizes, as well as volumetric charges based on the amount of water sold.”

Annual report 2025A · The company itself

Fastighets AB BalderSector unknown

Input · weakens · strength 2/3

“Kopplat till miljö avser detta främst tillhandahållande av material vid renoveringar, material- och markanvändning vid nyproduktion samt vatten- och energianvändning i den dagliga driften av fastigheter. Hur effektivt Balders verksamhet använder dessa resurser påverkar i senare led exempelvis klimatutsläpp, avfallsmängder och biologisk mångfald.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Arbetet med vatten styrs av bolagets koncernövergripande hållbarhetspolicy. Bolaget har som målsättning att minska sin vattenkonsumtion varje år, vilket syftar till att hantera negativ påverkan från verksamheten.”

Annual report 2024A · The company itself

FIRSTFARMS A/SAgriculture

Input · weakens · strength 2/3

“en betydelig mængde vand.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“vil vi i 2026 arbejde målrettet mod at optimere effektiviteten af vores vanding.”

Annual report 2025A · The company itself

Driver · strengthens · strength 2/3

“I Rumænien viste effekten fra vandingssystemet, der blev etableret i 2024 og udvidet i 2025, sig gennem betydeligt højere udbytter på de vandede arealer.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“I 2025 blev udvidelsen af vandingsanlægget i Rumænien taget i brug. Det samme gjorde et stort siloanlæg med tørreri.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Sædskiftet planlægges ud fra vanvanding Silo og vanding i rumænien Der er etableret vanding på mere end 2.000 hektar i Rumænien.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“I Rumænien vil vi have fokus på at optimere det eksisterende vandingsanlæg samt at dyrke højværdi-afgrøder.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Dette vil være et fokusområde i 2026. vanding Vanding: silo og vanding i rumænien - fortsat ekspansion i rumænien Vi arbejder konstant med at udvide vores eksisterende vandingssystem og ser allerede på muligheder for opkøb af nye arealer, hvor der er etableret vanding. Dyrkningssikkerheden og indtjeningsmulighederne forventes dermed øget væsentligt i Rumænien. fokus på bæredygtighed Rejsen mod en stadig mere bæredygtig virksomhed fortsætter med reduktion af emissioner, samt et fokus på implementering af de rette digitale værktøjer.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Målet er at sikre mest mulig dyrkningssikkerhed ved at arbejde med en udvidelse af arealet under vanding samt arbejde hen imod en mere skånsom jord behandling.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Silobyggeriet er færdiggjort og har nu en kapacitet på 46.000 tons. Det er en stor succes, og FirstFarms udforsker nye muligheder for udvidelse med arealer, der kan vandes.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Vandknaphed i tekstilproduktionen udgør en risiko og kan have en negativ indvirkning på Gabriel og miljøet”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“25 % reduktion i vandforbrug pr. kg produceret tekstil hos Scandye fra basisår 2024/25”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Vandforbrug og vandhåndtering overvåges hos leverandører, og der stilles krav til spildevandshåndtering og forebyggelse af forurening. Gabriel kortlægger vandrisiko og arbejder for at reducere vandforbrug i risikoområder gennem samarbejde og krav til leverandører. • Gabriel implementerer internationalt anerkendte standarder såsom ISO 9001 til kvalitetsstyring og ISO 14001 til miljø styring og tager udgangspunkt i kravene i ISO 45001 på arbejdsmiljøområdet og ISO 50001 på energiområdet. • Gabriel sikrer et trygt og godt arbejdsmiljø i hele forsyningskæden og overholder til enhver tid landespecifik lovgivning samt Gabriels egne krav og standarder på området.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Vandforbrug og -forurening Risiko Aktiviteter i værdikæden Mellemlangog langsigtet Vandknaphed i tekstilproduktionen udgør en risiko og kan have en negativ indvirkning på Gabriel og miljøet.”

Annual report 2025A · The company itself

Getinge AB (publ)Sector unknown

Market · strengthens · strength 2/3

“Under 2024 har vi lanserat flera nya produkter, inklusive GEW 888 neo – en diskdesinfektor som konsumerar upp till 32 % mindre vaen beroende på konfiguration, laboratorieautoklaven Lancer LSS och en ny version av DPTE-BetaBag® tillverkad av förnybar plast.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Hit hör bland annat den användarvänliga och robusta operationslampan Maquet Ezea, den intuitiva och högpresterande diskdesinfektorn Aquadis Index och lågtemperaturautoklaven Poladus 150.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Tjänsteutbudet är brett och omfattar grönyteskötsel, trädvård, vägdrift, finplanering och VA.”

Annual report 2024A · The company itself

HARBOES BRYGGERI A/SConsumer goods

Input · weakens · strength 2/3

“Produktion af øl, læskeog maltdrikke kræver betydelige vandressourcer”

Annual report 2026A · The company itself

Input · weakens · strength 2/3

“Vores primære råvarer består af vand og landbrugsprodukter som byg og sukker samt emballageprodukter, herunder dåser, PET-preforme og pap.”

Annual report 2026A · The company itself

Input · weakens · strength 2/3

“Produktion af øl, læskeog maltdrikke kræver betydelige vandressourcer, og kravene til bæredygtighed i både produkter, produktion og supply chain er stadig stigende.”

Annual report 2026A · The company itself

HKFoods OyjSector unknown

Driver · weakens · strength 2/3

“Tuotannon pysähtyminen tiloilla ja tuotantolaitoksilla vesirajoitusten vuoksi.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“E3 Vesivarat ja merten luonnonvarat: HKFoodsin olennaiset vaikutukset ja niiden vuorovaikutus strategian ja liiketoimintamallin kanssa SBM-3 Osa-aihe Osa-osaaihe Arvoketjun suurin vaikutus Vaikutuksen tyyppi Aikajakso HKFoodsin vaikutukset ympäristöön ja yhteiskuntaan Vesi Veden otto Raakaaineet ja toimittajat, oma tuotanto tosiasiallinen negatiivinen pitkä – Lihantuotannossa vettä käytetään eläinten juomavetenä sekä tilojen pesuun. – Omassa tuotannossa vettä käytetään tuotteiden valmistukseen ja tilojen pesuun. Jätevesien laadulle on asetettu rajat ympäristöluvituksissa. – Vedenotto ja sen paikalliset ympäristövaikutukset ovat ensisijaisesti vesihuoltoyhtiöiden vastuulla. – Yhtiö on riippuvainen puhtaan veden saatavuudesta, hinnasta ja kunnallisen jäteveden käsittelyn tehokkuudesta.”

Annual report 2025A · The company itself

Holmen AktiebolagSector unknown

Driver · strengthens · strength 1/3

“Till skillnad från framför allt Sydeuropa är tillgången på ytvatten i Sverige god och nederbördsmängderna är som regel stora vilket ger höga flöden i vattendragen året om.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Men vi behöver inte bara färska fibrer, vi använder också mycket energi och vatten i vår produktion. Vattnet återanvänds flera gånger och innan det skickas tillbaka till havet går det igenom en reningsprocess i flera steg.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Holmens industrier använder ytvatten från sjöar och vattendrag för att transportera och tvätta fibrer i bruken samt för kylning och ångproduktion. Tillgången på vatten vid Holmens produktionsanläggningar är god och då våra kartongoch pappersbruk är lokaliserade vid kusterna påverkar vår vattenanvändning inte någon annan verksamhet.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Other markets such as Arizona may experience prolonged variations in temperature or precipitation that may limit access to the water needed to operate our hotels or significantly increase energy costs, which may subject those hotels to additional regulatory burdens, such as limitations on water usage or stricter energy efficiency standards.”

Annual report 2025A · The company itself

Husqvarna ABSector unknown

Strategy · strengthens · strength 2/3

“Våra prioriteringar för de kommande åren styrs av vårt engagemang för våra kunder genom innovation, hållbarhet och operationell effektivitet. Genom att fokusera våra investeringar inom robotgräsklippare, batteridrivna produkter, smart bevattning och professionella lösningar positionerar vi Husqvarna Group för att leda utvecklingen inom de områden som betyder mest för våra kunder och samhället.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Vi expanderar också inom smarta bevattningslösningar för professionella kunder, ett segment med betydande marknadspotential.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Bevattningsprodukter, handverktyg för trädgården och smarta trädgårdssystem för trädgårdsentusiaster. Global marknads ledare inom bevattningsprodukter för konsumenter och smarta bevattningslösningar.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Gardena-divisionen har etablerat en ledande position på bevattningsmarknaden för konsumenter.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Gardena-divisionen är den globala marknadsledaren inom trädgårdsbevattning och smarta trädgårdssystem för trädgårdsentusiaster. Därtill omfattar vårt sortiment produkter och lösningar för gräsklippning, klippning av häckar, träd och övrig trädgårdsvård samt digitala och uppkopplade lösningar för att planera och automatisera trädgårdsarbetet.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Förvärv av ET Water Systems I mars 2024 förvärvade Husqvarna Group ET Water Systems, Inc., en pionjär inom smart bevattning för den kommersiella marknaden.”

Annual report 2024A · The company itself

Indutrade AktiebolagSector unknown

Input · weakens · strength 2/3

“Totalt använde vi inom koncernen 128 238 (127 300) kubikmeter vatten under 2024 och de tillverkande bolagen står för den största användningen.”

Annual report 2024A · The company itself

Ingersoll RandSector unknown

Strategy · strengthens · strength 2/3

“We completed or announced the acquisition of several businesses during 2025, including the following: •In February 2025, the Company completed the acquisition of SSI Aeration, Inc. (“SSI”) for cash consideration of $97.8 million. The business is a manufacturer of wastewater treatment plant equipment.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“In the water and environmental end-market, our pumps and related equipment are used for water treatment in municipal and industrial facilities such as in dosing and sludge transfer.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Blower Products Blower products are used for conveying high volumes of air and gas at various flow rates and at low pressures, and are utilized in a broad range of industrial and environmental applications, including waste water aeration, biogas upgrading and conveying, pneumatic transport and dehydrating applications for food and beverage, cement, pharmaceutical, petrochemical and mobile industrial applications.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Swedish Hydro solutions Swedish Hydro Solutions erbjuder hållbara lösningar för vattenrening via mobila och stationära reningssystem för länsoch dagvatten, processvatten och sanering av förorenade områden.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Anolytechs innovativa systemlösning för att rena dricksvatten gav en försäljningsökning på över 60 procent, medan Gaia Biomaterials fortsätter expandera globalt med sitt fossilfria och komposterbara biomaterial. – Dessutom växer Swedish Hydro Solutions snabbt inom projekt som adresserar rening av PFAS, som blivit ett allt större miljöproblem.”

Annual report 2024A · The company itself

Iron MountainSector unknown

Input · weakens · strength 2/3

“We purchase significant amounts of electricity and water for cooling from suppliers that are subject to environmental laws, regulations and permit requirements.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“We may also be subjected to decreased availability or less favorable pricing for water or energy as a result of such change, which could impact our manufacturing and distribution operations.”

Annual report 2026A · The company itself

Jacobs SolutionsSector unknown

Strategy · strengthens · strength 2/3

“Challenge accepted In February 2025, we launched Challenge Accepted, our multi-year growth strategy designed to sharpen our focus and accelerate our performance. Aligned with our long-term financial framework, this strategy positions us to drive profitable growth and deliver scalable, full lifecycle solutions across water and environmental, life sciences and advanced manufacturing, and critical infrastructure.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Infrastructure & Advanced Facilities (I&AF) In fiscal 2025, Jacobs' Infrastructure & Advanced Facilities business provided end-to-end solutions for our clients’ most complex challenges related to energy security, environmental resilience, safe and reliable transportation, buildings and infrastructure, integrated water management and biopharmaceutical manufacturing.”

Annual report 2025A · The company itself

JM ABSector unknown

Driver · weakens · strength 2/3

“Framåt kan kostnader för bränsle och drivmedel, höjda vattennivåer samt kostnader och tillgång för råvaror och material komma att tillta under en tioårsperiod.”

Annual report 2024A · The company itself

KenvueSector unknown

Driver · weakens · strength 2/3

“In particular, the impacts of the changing climate on water resources may result in water scarcity, which may increase operational costs.”

Annual report 2025A · The company itself

Koskisen OyjSector unknown

Input · weakens · strength 2/3

“In addition, water, machinery and supplies are consumed as commodities in production.”

Annual report 2025A · The company itself

Lamor Corporation OyjSector unknown

Market · strengthens · strength 2/3

“Lisäksi Lamor kehittää ja toimittaa jätteen- ja vedenkäsittelyratkaisuja, jotka auttavat luonnonvarojen kestävään käyttöön ja kiertotalouden edistämiseen, mukaan lukien muovin kemiallinen kierrätys.”

Annual report 2024A · The company itself

Lifco AB (publ)Sector unknown

Driver · weakens · strength 2/3

“Lifcos mål är att vattenkonsumtionen associerad med Lifcos produkter ska minska. Lifco ska inte ha affärsrelationer med leverantörer som bryter mot tillämplig lagstiftning och åsidosätter miljöfrågor.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Det finns flera Lifcobolag som erbjuder produkter där den unika konkurrensfördelen är produktens begränsade vattenförbrukning och utsläpp.”

Annual report 2024A · The company itself

Lululemon AthleticaSector unknown

Input · weakens · strength 2/3

“These changes may also result in water scarcity, energy constraints, and infrastructure damage affecting our facilities, vendors, or logistics.”

Annual report 2026A · The company itself

LyondellBasellSector unknown

Driver · weakens · strength 2/3

“Our sites rely on rivers and other waterways for transportation that may experience restrictions in times of drought or other unseasonal weather variation. In addition, scarcity of water and drought conditions could reduce the availability of fresh water needed to produce our products which could increase our costs of operations.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Additionally, there is concern over the reliability of water sources, including around the U.S. Gulf Coast where several of our facilities are located. The decreased availability or less favorable pricing for water as a result of population growth, drought or regulation could negatively impact our operations, including by impacting our ability to produce or transport our products.”

Annual report 2025A · The company itself

Input · weakens · strength 1/3

“Severe drought conditions can restrict available water supplies and constrain production.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Utility interruptions or curtailments (electricity, natural gas, or water) can further constrain output or alter our product and geographic mix, particularly at energy-intensive facilities.”

Annual report 2025A · The company itself

MascoSector unknown

Input · weakens · strength 2/3

“In addition, water is a significant component of our architectural coatings products and may be subject to shortages and restrictions on supply in certain regions, due to climate-related and other influences.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“As a result of climate change, we may also be subjected to decreased availability of water, deteriorated quality of water or less favorable pricing for water, which could adversely impact our manufacturing and distribution operations.”

Annual report 2025A · The company itself

Merck & Co.Sector unknown

Driver · weakens · strength 2/3

“Other potential physical impacts due to climate change include reduced access to high-quality water in certain regions and the loss of biodiversity, which could impact future product development. These risks could disrupt the Company’s operations and its supply chain, which may result in increased costs.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“The Low Carbon Transition Playbook provides a common platform and gap assessment to evaluate energy management program maturity, set short- and long-term plans to reduce carbon intensity, and build a pathway to net zero. The Waste Diversion and Water Conservation Playbooks help sites build roadmaps to meet Company-wide goals for waste diversion and water efficiency, including local strategies for material and water use and environmentally responsible procurement.”

Annual report 2025A · The company itself

Midsona ABSector unknown

Driver · weakens · strength 2/3

“Midsona är vidare beroende av tillgång till rent färskvatten för produktion av livsmedel och kosmetika. Vattenbrist i länder där verksamhet bedrivs kan påverka resultatet.”

Annual report 2024A · The company itself

Momentum Group ABSector unknown

Market · strengthens · strength 2/3

“Levererar lösningar för mekaniska flöden och vätskehantering genom hela värdekedjan. Fokus ligger på kritiska funktioner inom industriprocesser och samhällsviktig infrastruktur, där medier som ånga, gas och vatten spelar en central roll.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Infrastruktur, kraftproduktion, och vatten och avlopp (VA) är områden där underhållsbehov och krav på modernisering driver efterfrågan på våra produkter och tjänster. Den ökande underhållsskulden i infrastrukturen, tillsammans med krav på effektivisering, närproducerade lösningar och ett ökat fokus på säkerhetsperspektiv, skapar ytterligare affärsmöjligheter.”

Annual report 2024A · The company itself

Monster BeverageSector unknown

Driver · weakens · strength 2/3

“The predicted effects of climate change may also result in challenges regarding the availability and quality of water, or less favorable pricing for water, which could adversely impact our business and results of operations.”

Annual report 2025A · The company itself

Mosaic Company (The)Sector unknown

Driver · weakens · strength 2/3

“Our potash mines at Colonsay, Saskatchewan, Carlsbad, New Mexico and our Esterhazy, Saskatchewan K3 mine (though not contiguous with the K1/K2 underground inflow region) are also subject to risks from inflow. Though minor inflows are regularly managed, it is possible that significant water inflows could occur which may present risks to our employees and our operations, and which may require us to incur brine management costs, change our mining processes, or abandon our operating mines.”

Annual report 2025A · The company itself

Multiconsult ASASector unknown

Market · strengthens · strength 2/3

“Iterio AB continues to win important agreements with key clients, including call offs on the framework agreement with Stockholm Vatten och Avfall.”

Annual report 2024A · The company itself

NEL ASASector unknown

Driver · weakens · strength 1/3

“Climate events may increase the requirements for product safety or the water supply for production of hydrogen via electrolysis. These risks are not considered to have a severe impact to our operations, although consideration shall be taken for alternative sources of water in water stressed regions (such as water desalination) or increased product safety test against climate event (such as flooding and earthquake).”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Water consumption and withdrawal in water-stress areas, use of sold products Based on the atomic properties of water, 1 kg of hydrogen requires 8.92 litres of water. Comparing water consumption for electrolysis with other energy processes, the water footprint of certain fossil-based pathways exceeds that of hydrogen. Crude oil recovery and diesel refining uses around 40% more water than the production of renewable hydrogen per unit of energy.”

Annual report 2024A · The company itself

Nolato AktiebolagSector unknown

Driver · weakens · strength 2/3

“Vattenanvändning Under 2024 förbrukades 132 000 m (150 600) kommunalt vatten samt 2 800 m (8 800) vatten från egna brunnar. Den totala vattenförbrukningen uppgick till 134 800 m (159 400).”

Annual report 2024A · The company itself

Driver · weakens · strength 1/3

“För två anläggningar bedöms risken relaterad till vattentillgång som måttlig. Dessa är anläggningarna i Mexiko och Tucson, Arizona i USA.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Detta gäller framförallt tillverkningen av andningsblåsor i latexgummi i Torekov, Sverige, som står för cirka 11 procent (12) av den totala vattenanvändningen för Nolato. Fabriken i Torekov har sedan 2021 minskat sin vattenförbrukning med cirka 41 procent, en minskning av vattenanvändningen med över 10 000 m , och planerar att fortsätta minska förbrukningen genom ytterligare åtgärder.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Vatten Nolatos anläggningar använder kommunalt vatten till reningsutrustningar, vissa produktionsprocesser, rengöring, sanitära ändamål och kylning.”

Annual report 2024A · The company itself

NOVOZYMES A/SBioscience

Input · weakens · strength 2/3

“We use it in core production processes, including fermentation, cooling and cleaning”

Annual report 2025A · The company itself

NP3 Fastigheter ABSector unknown

Input · weakens · strength 2/3

“NP3s fastighetskostnader utgörs framför allt av taxebundna kostnader, fastighetsskötsel, reparationer och planerat underhåll. Taxebundna kostnader, som exempelvis kostnader för el, värme och vatten, samt fastighetsskatt ingår vanligen som hyrestillägg i NP3s hyresintäkter och vidarefaktureras helt eller delvis till hyresgästerna.”

Annual report 2024A · The company itself

NRC GROUP ASASector unknown

Driver · strengthens · strength 2/3

“There is broad political commitment in Norway, Sweden and Finland to increase spending on developing, maintaining and modernising railroad, light rail and metro lines in major cities, as well as improving other key components of the national infrastructure such as defence, water and energy.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“We have identified significant opportunities in new markets such as energy, water, and defense, also influenced by the political situation. The market outlook remains strong, with high investments from Nordic governments to upgrade and maintain critical infrastructure.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Together with continued transition towards larger contracts that enable improved utilisation and margins, these will support protable growth in the existing and new markets tied to energy, water and defence.”

Annual report 2024A · The company itself

NRG EnergySector unknown

Input · weakens · strength 2/3

“Climate change could also affect the availability of a secure and economical supply of water in some locations, which is essential for the continued operation of NRG's generation plants.”

Annual report 2025A · The company itself

OneokSector unknown

Driver · weakens · strength 2/3

“Legislation or regulations placing restrictions on exploration and production activities, including hydraulic fracturing and disposal of wastewater, or curtailment of water use for industrial or mineral development activities, could result in operational delays, increased operating costs and additional regulatory burdens on exploration and production operators.”

Annual report 2025A · The company itself

Orion OyjSector unknown

Driver · weakens · strength 2/3

“Stricter regulation on industrial wastewater discharges, including e.g. limits on effluent temperature, and pollutant loads may lead to increased CapEx for upgrading treatment systems, improving monitoring, and maintaining compliance.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“The use of clean water in Orion’s own operations or supply chain may have impacts on biodiversity, ecosystems and local communities in the area by reducing the availability of clean water. Orion has own operations and value chain partners in geographical areas that are experiencing water stress.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“The transition towards sustainable water use poses a regulatory risk, as regulators tighten access to freshwater through permits, withdrawal limits, or basin-level allocation schemes. This may increase CapEx to improve water efficiency, secure alternative sources, or reduce operational dependency.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“At the Hanko site, Orion conducts soil remediation efforts to address historical pollution from past operations. Orion pumps groundwater from the soil and directs it to a wastewater treatment plant, where its quality is closely monitored.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“In regions classified as water-stressed, water availability can be come constrained during drought periods. In such cases even limited industrial use may compete with community needs.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Depletion or contamination of community water resources may pose a regulatory compliance and reputation risk, as regulators enforce water quality laws, access rights, and pollution limits. This risk relates to impacts on communities near upstream pharmaceutical formulation and active pharmaceutical ingredient manufacturing facilities, including those in geographical areas with high water stress.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Water use in high water-stress areas encompasses water use on sites in France and Belgium.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Orion’s site in France is participating in stakeholder discussions led by the industry association Syndicat de l’Industrie du Médicament et diagnostic Vétérinaires (SIMV), which are focused on exploring practical approaches to improve sustainable water management and water efficiency across the sector.”

Annual report 2025A · The company itself

Outokumpu OyjSector unknown

Input · weakens · strength 2/3

“A significant amount of water is used in Outokumpu’s production processes, for example for cooling.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Outokumpu uses mainly surface water from rivers and the sea, including rainwater.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Outokumpu’s production facilities are situated close to water sources and a major share of Outokumpu’s water use is recycled.”

Annual report 2025A · The company itself

P/F BAKKAFROSTSector unknown

Input · weakens · strength 2/3

“Freshwater is also an essential resource in our operations.”

Annual report 2024A · The company itself

Pandox AktiebolagSector unknown

Input · weakens · strength 2/3

“Hotelloperatören ansvarar för hotellets drift, inköp och förbrukning av el, vatten, värme och kyla.”

Annual report 2024A · The company itself

Peab ABSector unknown

Driver · strengthens · strength 2/3

“Lokal marknad Såväl VA-nätet som reningsanläggningar i Norden är i stort behov av förnyelse och utbyggnad. Många anläggningar är gamla och behöver uppdateras och byggas ut för att möta de växande behoven i samhället.”

Annual report 2024A · The company itself

PentairSector unknown

Strategy · strengthens · strength 2/3

“Pentair strategy Our vision is to be the world’s most valued sustainable water solutions company for our employees, customers and shareholders.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“This segment designs, manufactures and sells a variety of fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, specialty insertion valves, line stop fittings and installation equipment, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles, while serving the global residential, commercial and industrial markets. These products and systems are used in a range of applications, including fluid delivery, ion exchange, desalination, food and beverage, separation technologies for the oil and gas industry, residential and 1 municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation and crop spray.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“This segment designs, manufactures and sells commercial and residential water treatment products and systems including pressure tanks, control valves, activated carbon products, commercial ice machines, conventional filtration products, and point-of-entry and point-of-use water treatment systems. These water treatment products and systems are for use in residential whole home water filtration, drinking water filtration and water softening solutions in addition to commercial water management and filtration in foodservice operations.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Afhængighed af ferskvand i drift og værdikæde Fysisk/transitionel Ferskvand er vigtigt i bygge- og anlægsprojekter og for de materialer, der dominerer værdikæden, men kan være begrænset i områder med vandmangel eller beskyttet grundvand. Tørke, stigende konkurrence om vandressourcer og strengere regler øger risikoen for forsinkelser og ekstra omkostninger.”

Annual report 2025A · The company itself

Rejlers AB (publ)Sector unknown

Market · strengthens · strength 2/3

“Genom att bidra till moderniseringen av vattenreningsverket Käppala i Lidingö bidrar Rejlers till att minska föroreningarna i Östersjön.”

Annual report 2024A · The company itself

Rockwell AutomationSector unknown

Market · strengthens · strength 2/3

“Whether they are just starting or leading the way, we help them translate insights into impacts across energy, water, and waste. Our technologies provide data transparency across value chains and enable our partners to scale innovative and often industry-first sustainable solutions. •Energy - contemporary industrial energy management software solutions that put energy data in context to production data, to reduce energy use across the value chain. •Water - smart water solutions leverage modern software and analytics to improve operations visibility, system reliability, and worker productivity while supporting security needs and meeting regulatory obligations. •Waste - enabling the circular economy for managing automation assets.”

Annual report 2025A · The company itself

Roper TechnologiesSector unknown

Market · strengthens · strength 2/3

“Neptune – water meters, enabling water utilities to remotely monitor their customers utilizing Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI) technologies, and cloud-based software supporting meter data management and utility billing.”

Annual report 2025A · The company itself

Sandvik AktiebolagSector unknown

Driver · strengthens · strength 2/3

“Geografiskt avlägsna platser, minskad mineralhalt i malmen samt ökade säkerhetskrav driver produktionsvolymer och behov av miljöanpassad krossning och sortering i takt med att kunder fokuserar på minskad energioch vattenförbrukning.”

Annual report 2024A · The company itself

Sdiptech AB (publ)Sector unknown

Market · strengthens · strength 2/3

“Läs mer på sida 21-22 Länkning till sidan med mer info om affärsområdet Water & Bioeconomy Verksamheter som tillhandahåller nischade lösningar inom vatten, avfall och utnyttjande av bioresurser.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Trots en utmanande marknad har Rolec som verkar inom laddutrustning för elfordon och marinor haft en positiv utveckling, medan Water Treatment Products har befäst sin position inom vattenbehandlingsteknik.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Resource Efficiency Bolag inom affärsområdet fokuserar på nischade produkter och tjänster som bidrar till en effektiv och hållbar användning av resurser, såsom vatten, sanitet, kraft, energi, mineraler, skog, grödor och avfall.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Water & Bioeconomy Sdiptechs verksamheter inom Water & Bioeconomy tillhandahåller nischade teknologier och system för vattenrening, avfallshantering och cirkulär resurs-hantering, med fokus på att skapa mer hållbara, effektiva och motståndskraftiga samhällen.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Vi letar efter bolag som arbetar med: Lösningar för vatten och sanitet Rening och behandling av vatten och avloppsvatten, så som specialiserade produkter och tjänster för industriell, kommunal och hushållsanpassad vattenrening, samt avancerade filtrerings- och kemiska behandlingsmetoder för rening av vatten och säker vattenkvalitet.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Minskad miljöpåverkan genom innovativa behandlingsmetoder, så som avancerade metoder för att bryta ner föroreningar och rena avloppsvatten mer effektivt. Samt tekniker för att minska kemikalieanvändning och energiförbrukning i vattenreningsprocesser.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Sarah Ström, Head of Water & Bioeconomy Auger är ett av Sdiptechs framgångsrika bolag inom affärsområdet Water & Bioeconomy Med över 30 års erfarenhet levererar Auger heltäckande skadehanteringslösningar, från initial undersökning och validering till reparation av underjordisk infrastruktur. Företaget är välkänt för sin förstklassiga kundservice och sitt innovativa arbetssätt, där egenutvecklad teknik används för att effektivisera skadehanteringsprocessen och säkerställa hög kvalitet och precision i varje uppdrag.”

Annual report 2024A · The company itself

Skanska ABSector unknown

Driver · weakens · strength 2/3

“Vi bidrar till mer hållbar vattenanvändning genom innovativa och vatteneffektiva lösningar, som gråvattensystem, kranar för flödesreglering, uppsamling av regnvatten och smarta bevattningssystem.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Projektet drar nytta av innovativ blå-grön infrastruktur, där en kombination av dammar (blå) för att lagra regnvatten, och vegetation (grön) på taken används för att suga upp regnvatten. De boende sparar cirka 50 procent av dricksvattnet, motsvarande 97 000 liter varje dag, tack vare en ny lösning för vattenhanteringssystem.”

Annual report 2024A · The company itself

SOTKAMO SILVER ABSector unknown

Strategy · strengthens · strength 2/3

“Vattenhantering Ansvarsfull vattenhantering är en hörnsten i vår verksamhet och den höga återvinningsgraden av vatten i vår koncentratproduktion återspeglar detta. Vi driver vår koncentratproduktion med nästan uteslutande återvunnet vatten och minimerar användningen av sjövatten. Vi återvinner vattnet från avfallshanteringsanläggningen och det behandlade gruvvattnet tillbaka till koncentratproduktionsprocessen, och dessa vattenströmmar utgör tillsammans nästan 100 % av silvergruvans vattenförbrukning.”

Annual report 2024A · The company itself

SPAREBANKEN NORGESector unknown

Market · strengthens · strength 2/3

“Banken har også satt egne vekstmål knyttet til bransjer som er inspirert av Parismålene og forventer på mellomlang og lang sikt økte bidrag fra blant annet vannkraftporteføljen.”

Annual report 2024A · The company itself

StarbucksSector unknown

Input · weakens · strength 2/3

“Additionally, clean water is essential for beverage preparation, and access may be limited in certain international markets.”

Annual report 2025A · The company itself

Synsam AB (publ)Sector unknown

Input · weakens · strength 2/3

“Det är slipningen av glas, den del av värdekedjan som Synsams leverantörer står för, som medför den största förbrukningen av vatten. Vid slipning av glas till glasögonbågarna är tillgång till vatten viktigt.”

Annual report 2024A · The company itself

TELE2 ABSector unknown

Driver · weakens · strength 1/3

“Resultaten visade på en generellt låg risk vid samtliga bedömda anläggningar, inklusive kontor, datacenter och telekommunikationsinfrastruktur. Trots den låga risken och påverkan kopplad till vatten och marina resurser inom den egna verksam - heten förblir Tele2 engagerat i att ytterligare minska vattenanvändningen i sin värdekedja.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“E3 Vatten och marina resurser: Vatten Liten Medel Hög Allvarlighetsgrad Väsentlig påverkan, risk eller möjlighet Uppströms Egen verksamhet Nedströms Beskrivning (potentiell) Förekomst: låg sannolikhet (mer än fem år) Vattenuttag Tele2s uppströms värdekedja innefattar betydande vattenuttag, främst vid tillverkning av halvledare, men även vid utvinning av råmaterial och andra produktionsprocesser.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Potentiellt negativa effekter har identifierats uppströms i leveranskedjan, särskilt inom produktframställning och råmaterialutvinning. De negativa effekterna kopplade till leveranskedjan är betydande, och Tele2 arbetar aktivt för att hantera dessa genom en nära dialog med sina leverantörer.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Motverkande av negativ vattenpåverkan i uppströms värdekedjan Tele2 har identifierat sina mest väsentliga risker och påverkan i sin uppströms värdekedja, särskilt kopplat till produktion av elektronisk hårdvara. Denna påverkan är främst relaterad till tillverkning av halvledare och mikrochip, där stora mängder ultrarent vatten krävs i produktionsprocessen. Dessutom kräver utvinning och bearbetning av råmaterial som koppar, guld och litium, som används i elektronik, en betydande mängd vatten.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Möjlighet Smarta lösningar för vattenförvaltning Tele2s IoT-lösningar erbjuder en möjlighet att förbättra vattenförvaltning. Dessa teknologier möjliggör realtidsövervakning, tidig upptäckt av läckor i vattennätverk och optimerad resursanvändning. Genom att adressera utmaningar såsom vattenbrist stöder Tele2 industrier och kommuner i att anta hållbara metoder, vilket skapar nya intäktsströmmar samtidigt som kundrelationer stärks.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“We face the risks of doing business in a new and rapidly evolving market for TPWR and may not be able to successfully address such risks and achieve acceptable levels of success or profits. We have encountered and may continue to encounter the challenges, uncertainties and difficulties frequently experienced in a new and rapidly evolving market with respect to the business of TPWR, including, but not limited to: •pricing pressure driven by new competition; •volatile and/or unexpected operating and maintenance costs; •lack of sufficient customers or loss of significant customers for the business of TPWR; •increased regulation, including with respect to environmental and geological uses and impacts on industry operations; and •uncertainty regarding outsourced third-parties providing water treatment services.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“The business of TPWR is subject to applicable state and federal laws and regulations, including laws and regulations on water use, environmental and safety matters. These laws and regulations may increase the costs and timing of planning, designing, drilling, installing, operating and abandoning water wells and sourced water and treatment facilities and impact our customers’ ability to transport, store and/or dispose of produced water in certain locations. Some state and local governmental authorities have begun to monitor or restrict the use of water to ensure adequate local water supply.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Actual throughput, pricing, operating costs and utilization may also differ from forecasts because they depend on competing treatment or disposal options, and changes in environmental or water‑handling regulations. As a result, Transmissive may fail to achieve targeted returns or require additional unplanned capital, which could lead to impairments of invested capital and have a material adverse effect on our business, financial condition, results of operations and liquidity.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Negative public opinion or adverse perceptions of Transmissive’s operations or reputation could materially affect our business, results of operations, or prospects over time. Negative sentiment may arise from unfavorable portrayals of produced water, water treatment operations or discharge locations by the media, special interest groups, political leaders, stakeholders, or other parties, including organized opposition to specific projects or the energy industry in general. Potential impacts of such sentiment include operational delays or interruptions, legal or regulatory challenges, blockades, increased regulatory oversight, reduced public or governmental support, and the delay, challenge, or revocation of regulatory approvals, permits, or licenses, each of which may increase costs or cause cost overruns.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“In 2024, we announced our progress towards developing new solutions for produced water in the Permian Basin through our wholly owned subsidiary, Transmissive Water Services, LLC (“Transmissive”). Over the last few years, we have been working with a leading industrial technology and manufacturing firm to develop an energy-efficient desalination and treatment process and associated equipment that can recycle produced water into fresh water with quality standards appropriate for surface discharge and beneficial reuse. With the Permian Basin generating over 20 million barrels of produced water per day, we believe this technology would provide an attractive and critical alternative to subsurface injection.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“After successfully testing a pilot program in our research and development lab, we proceeded with development of a produced water desalination test facility, which we refer to as the Phase 2B facility, with an initial capacity of 10,000 barrels of produced water per day. Construction of the Phase 2B facility was temporarily paused during 2025 to allow testing and potential incorporation of additional desalination equipment and is anticipated to be completed by the end of the first half of 2026.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Additionally, during 2025, we invested $24.9 million in TPWR projects to enhance our water sourcing assets.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Strategic Objectives 25% These objectives were established based on key strategic priorities to ensure long-term success, such as safety and environmental performance, increasing use of TPL’s land, SLEM, and water services, leveraging TPL’s land to explore other non-oil and gas revenue streams, increased operational enhancements through integrated technology solutions, and generating an appropriate return on new capital spend.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Water Services and Operations Our Water Services and Operations segment encompasses the business of providing full-service water offerings to oil and gas operators in the Permian Basin through our wholly-owned subsidiary, Texas Pacific Water Resources LLC (“TPWR”). These full-service water offerings include, but are not limited to, water sourcing, produced-water treatment, infrastructure development, and disposal solutions. We are committed to sustainable water development. Our significant surface ownership in the Permian Basin provides TPWR with a unique opportunity to provide multiple full-service water offerings to operators.”

Annual report 2025A · The company itself

Thule Group ABSector unknown

Input · weakens · strength 2/3

“Thule Group har som långsiktigt mål att minska vattenförbrukningen i samtliga produktionsanläggningar, öka andelen återvunnet regnvatten samt säkerställa att inga utsläpp finns i de vatten som används.”

Annual report 2023A · The company itself

Tieto OyjSector unknown

Input · weakens · strength 2/3

“Potential negative impacts on water in the value chain are mainly related to hardware production due to the water-intensive nature of these operations.”

Annual report 2025A · The company itself

UDR, Inc.Sector unknown

Input · weakens · strength 2/3

“The following factors, among others, may affect the income generated by our apartment communities: ● the national and local economies; ● local real estate market conditions, such as an oversupply or increasing supply of apartment homes; ● tenants’ or prospective tenants’ perceptions of the safety, convenience, and attractiveness of our communities and the neighborhoods where they are located; ● our ability to provide adequate management, maintenance and insurance; ● rental expenses, including real estate taxes and utilities; ● competition from other apartment communities or alternative housing options; 25 Table of Contents ● changes in interest rates and the availability of financing; ● changes in governmental regulations and the related costs of compliance; and ● changes in tax and housing laws, including the enactment of rent control laws or other laws regulating multifamily housing.”

Annual report 2025A · The company itself

VeraltoSector unknown

Strategy · strengthens · strength 2/3

“In particular: •At our core, the products and services we offer are directly linked to the sustainability objectives of many of our customers. For example: ◦Our WQ segment offers products and services that enable municipalities to deliver clean water while helping industrial customers to be good stewards of water in their processes.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Our diverse group of leading operating companies provide essential technology solutions that monitor, enhance and protect key resources around the globe. We are committed to the advancement of public health and safety and believe we are positioned to support our customers as they address large global challenges including environmental resource sustainability, water scarcity, management of severe weather events, food and pharmaceutical security, and the impact of an aging workforce. For decades, we have used our scientific expertise and innovative technologies to address complex challenges our customers face across regulated industries – including municipal utilities, food and beverage, pharmaceutical and industrials – where the consequence of failure is high. Through our core offerings in water analytics, water treatment, marking and coding, and packaging and color, customers look to our solutions to help ensure the safety, quality, efficiency and reliability of their products, processes and people globally.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Our WQ segment provides innovative products and services that improve the quality and reliability of water with leading brands including Hach, Trojan Technologies and ChemTreat.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Antal avtal Mkr Andel, % >2030 108 638 16 Summa 3 103 4 033 100 6 | Fastighetskostnader Större kostnadsposter inom driften utgörs av taxebundna kostnader för värme, el, vatten och sophantering. Därutöver tillkommer kostnader för fastighetsskatt, fastighetsskötsel, reparation och underhåll samt administration.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Water is an essential input for our production processes. Large volumes are withdrawn, primarily for cooling purposes, and minor amounts are consumed for steam production and liquid product manufacturing.”

Annual report 2024A · The company itself

ZoetisSector unknown

Driver · weakens · strength 2/3

“Factors influencing growth in demand for livestock medicines and vaccines include: •human population growth and increasing standards of living, particularly in many emerging markets; 33 | Table of Contents •increasing demand for improved nutrition, particularly animal protein; •natural resource constraints, such as scarcity of arable land, fresh water and increased competition for cultivated land, resulting in fewer resources that will be available to meet an increasing demand for animal protein; •increasing urbanization; and •increased focus on food safety and food security.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“For example, livestock producers depend on the availability of natural resources, including large supplies of fresh water. Their animals’ health and their ability to operate could be adversely affected if they experience a shortage of fresh water due to human population growth, climate change or floods, droughts or other weather conditions. In the event of adverse weather conditions, climate-change related impacts or a shortage of fresh water, veterinarians and livestock producers may purchase less of our products.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“The impacts from climate change may also impact Zoetis’ and our suppliers’ manufacturing processes. For example, clean water is needed to produce our products, and the effects from climate change could result in water supply interruptions and low water quality.”

Annual report 2025A · The company itself

Anora Group OyjSector unknown

Input · weakens · strength 1/3

“Anora’s business model relies on several key inputs: approximately 180 million kilograms of Finnish barley annually, imported wines from over 35 countries, water, and dry goods such as packaging materials and beverage spices.”

Annual report 2025A · The company itself

ATEA ASASector unknown

Input · weakens · strength 1/3

“During 2024, Atea reported 22,530 m³ of water consumed throughout its operations, including the consumption in offices and data centers.”

Annual report 2024A · The company itself

Beijer Alma ABSector unknown

Input · weakens · strength 1/3

“UTFALL OCH MÄTETAL Vattenförbrukningen 2024 uppgick till 47 252 m 3 och utgjordes främst av kommunalt vatten. Vatten används för kylning, produktionsprocesser, rengöring och sanitära ändamål.”

Annual report 2024A · The company itself

BroadcomSector unknown

Input · weakens · strength 1/3

“Our customers may also underestimate the data center or related power or water capacity needed to address end-user demand, which may impact our ability to timely satisfy their requirements.”

Annual report 2025A · The company itself

Colgate-PalmoliveSector unknown

Input · weakens · strength 1/3

“Such negative publicity could relate to, among other things, health or quality concerns, threatened or pending litigation or regulatory proceedings, animal welfare, labor and human rights and environmental impact (including responsible sourcing, deforestation, packaging, plastic, energy and water use and waste management) or where we operate.”

Annual report 2025A · The company itself

DNB BANK ASASector unknown

Input · weakens · strength 1/3

“En annen innsatsfaktor som kreves for å drive virksomhet er bruk av energi, vann og råvarer for å drifte kontorlokaler.”

Annual report 2024A · The company itself

Dominion EnergySector unknown

Driver · weakens · strength 1/3

“Changes in weather conditions can result in reduced water levels or changes in water temperatures that could adversely affect operations at some of the Companies’ power stations.”

Annual report 2025A · The company itself

Epiroc AktiebolagSector unknown

Driver · weakens · strength 1/3

“E3 Vatten och marina resurser Ineffektiv vattenanvändning i värdekedjan kan belasta lokala vattenresurser       Miljö * Utsläppsfria produkter släpper inte ut gaser eller andra miljöföroreningar från den inbyggda kraftkällan, även kallat nollutsläpp från avgasrör.”

Annual report 2024A · The company itself

HANZA ABSector unknown

Input · weakens · strength 1/3

“HANZAs mål för avfall och resursförbrukning Måluppfyllnad Årligen minska avfall i förhållande till omsättningen för elektronik (ton spill/MSEK) Uppfyllt Uppfyllt Årligen minska avfall i förhållande till omsättningen för mekanik (ton spill/MSEK) Uppfyllt Uppfyllt Årligen minska farligt avfall i förhållande till omsättningen för elektronik (ton farligt avfall/ MSEK) Ej uppfyllt Delvis uppfyllt Årligen minska farligt avfall i förhållande till omsättningen för mekanik (ton farligt avfall/ MSEK) Ej uppfyllt Uppfyllt Tillverkade produkter per tillverkning sområde, enheter Antal (miljoner) Elektronik 36,6 22,6 Mekanik 14,4 14,6 Totalt 51 37,2 Resursanvändning 2024 2023 Stål, ton 19 918 N/A Järn, ton 141 N/A Aluminium, ton 411 N/A Mässing, ton 112 N/A Koppar, ton 28 N/A Brons, ton 4 N/A Totalt material, ton 20 614 22 740 Vatten, m i förhållande till intäkter 0,010 0,010 Färdiga produkter Produkter som lämnar HANZA är producerade alternativt förädlade i HANZAs produktionsprocesser för kunders räkning.”

Annual report 2024A · The company itself

Intuitive SurgicalSector unknown

Input · weakens · strength 1/3

“Furthermore, the impacts of global climate change on water resources may result in water scarcity, which could impact our ability to access sufficient quantities of water in certain locations and result in increased costs.”

Annual report 2025A · The company itself

Kraft HeinzSector unknown

Driver · weakens · strength 1/3

“Further, we have experienced, and may continue to experience, input cost volatility due global competition for resources, foreign currency fluctuations, geopolitical conditions or conflicts, cybersecurity incidents, severe weather, natural disasters, global climate change, water risk, pandemics, crop failures, crop shortages due to plant disease or insect and other pest infestation, changes in consumer demand, alternative energy initiatives, including increased demand for biofuels, and agricultural programs.”

Annual report 2025A · The company itself

Driver · weakens · strength 1/3

“Vatten och marina resurser (13): Vattenbrist är ett ökande globalt problem och det kan inte uteslutas att även Nedermans verksamheter kan vara placerade i vattenbristområden.”

Annual report 2024A · The company itself

Driver · weakens · strength 1/3

“Vattenförbrukningen följs regelbundet med målet att reducera färskvattenanvändningen.Vår tillverkningsenhet i Detroit (US) flyttade i våras till en ny byggnad och fick inte tillgång längre till vattenförbrukningen därför är vattenförbrukningen 0 i 2024 i jämförelse med 1390 i 2023.”

Annual report 2024A · The company itself

NetcompanyIT consulting

Input · weakens · strength 1/3

“Our colocation data centres either do not use water for cooling or employ closed-loop systems with minimal water withdrawal. Operational maintenance practices are in place to reduce the likelihood of leakage, and these facilities are not located in areas with high water stress.”

Annual report 2025A · The company itself

Driver · weakens · strength 1/3

“Det samlede vandforbrug steg i rapporteringsåret fra 204.174 m³ i 2024 til 215.114 m³ i 2025, svarende til en stigning på 5 %. Mængden af oplagret vand blev ligeledes øget fra 50 m³ i 2024 til 71 m³ i 2025.”

Annual report 2025A · The company itself

Procter & GambleSector unknown

Input · weakens · strength 1/3

“The loss or disruption of such manufacturing and supply arrangements, including for issues such as labor disputes or controversies, loss or impairment of key manufacturing sites, discontinuity or disruptions in our internal information and data systems or those of our suppliers, cybersecurity incidents including but not limited to ransomware attacks, misuse of artificial intelligence (AI) and machine learning technologies, inability to procure sufficient raw or input materials (including water, recycled materials and materials that meet our labor standards), significant changes in trade policy, natural disasters, increasing severity or frequency of extreme weather events due to climate change or otherwise, acts of war or terrorism, disease outbreaks (including epidemics, pandemics or similar widespread public health concerns) or other external factors over which we have no control, have at times interrupted and could interrupt product supply and, if not effectively managed and remedied, have an adverse impact on our business, financial condition, results of operations or cash flows.”

Annual report 2026A · The company itself

Scanfil OyjSector unknown

Input · weakens · strength 1/3

“Water and marine resources Scanfil is not a large consumer of water yet believes taking responsibility for its water consumption is important. The manufacturing processes use a moderate amount of water, indicating that water usage is not a significant part of operations.”

Annual report 2025A · The company itself

Input · weakens · strength 1/3

“Vannforbruk er målt på hovedkontoret og Jevnaker.”

Annual report 2024A · The company itself

Driver · weakens · strength 1/3

“Även om vattenanvändning inte bedöms vara en väsentlig hållbarhetsaspekt på koncernnivå för Storskogen, kan den vara viktig för enskilda bolag som verkar i områden med hög vattenstress. Storskogen har kartlagt affärsenheternas geografiska lägen mot WWF:s riskkarta för att identifiera vattenstressade områden och identifiera bolag där vattenanvändning är en kritisk fråga.”

Annual report 2024A · The company itself

Input · weakens · strength 1/3

“En stor andel av SLP:s hyresavtal är så kallade triple net-avtal som innebär att hyresgästerna själva bekostar fastighetsskötsel och underhåll av fastigheterna. Dessa avtal innebär även att hyresgästen står för kostnader som el, värme, vatten och fastighetsskatt.”

Annual report 2024A · The company itself

Input · weakens · strength 1/3

“Dessa avtal innebär även att hyresgästen står för kostnader som el, värme, vatten och fastighetsskatt. Övriga hyresavtal är till största del avtal där kostnader för el, värme och vatten vidarefaktureras till hyresgästen, som ett tillägg utöver hyran.”

Annual report 2024A · The company itself

TCM Group A/SConsumer goods

Input · weakens · strength 1/3

“Very limited amounts are used in production to support our lacquering processes, and any resulting wastewater is carefully separated and disposed of in the right manner.”

Annual report 2025A · The company itself

UPM-KYMMENE OYJSector unknown

Input · weakens · strength 1/3

“Fluctuations in the prices of major inputs as well as changes in their availability The main inputs required in the manufacturing of UPM’s products are wood, fibre, chemicals, energy and water.”

Annual report 2025A · The company itself

Veidekke ASASector unknown

Driver · strengthens · strength 1/3

“Omsetningsøkningen kommer hovedsakelig fra segmentet Energi, industri, vann og avløp, der Veidekke har flere større prosjekter i produksjon for Stockholm Vatten.”

Annual report 2024A · The company itself

WALLENSTAM ABSector unknown

Input · weakens · strength 1/3

“Driftkostnader Redovisningsprincip Wallenstams driftkostnader utgörs av kostnader som uppkommer i samband med fastighetsförvaltning så som fastighetsskötsel, el, vatten, renhållning, reparationer, bränslekostnader, underhåll, fastighetsskatt och övriga driftkostnader.”

Annual report 2024A · The company itself