CASE STUDY 3 CDP’s true cost of water valuation Organization: Carbon Disclosure Project (CDP). Description: In 2022, 16% of companies (3,909 total) responding to CDP’s questionnaire reported setting an internal price for water, to reflect more accurately the costs of water provision. These companies were mostly from the energy, materials, food and beverage and agriculture sectors. Despite water generally being undervalued, some companies are increasingly realizing the importance of water for their businesses. Companies with an internal water price reported opportunities related to water efficiency of around $49 million – six times higher than the $8 million reported by companies without internal water prices. Source: See endnote.85 CASE STUDY 4 Scottish Water and Xylem’s partnership on using net zero as a catalyst for innovation Organizations: Xylem and Scottish Water. Description: Scottish Water is leveraging its net-zero commitment as a catalyst for innovation by optimizing energy use, reducing maintenance costs, and lowering carbon emissions. Partnering with Xylem, the utility is upgrading hundreds of pumping stations with sustainable technology. A smart pumping trial at two pilot sites achieved significant cost savings, including a 99% reduction in unplanned maintenance and a 40% drop in energy use, leading to wider adoption. Through remote monitoring and digital solutions, Scottish Water is enhancing efficiency while advancing environmental and operational goals, demonstrating the sector’s potential for sustainable, resilient, and cost-effective services. Source: See endnote.86 Water Futures: Mobilizing Multi-Stakeholder Action for Resilience 33

Water Futures Mobilizing Multi Stakeholder Action for Resilience 2025