Predicting Water Risks | Initiatives for Innovation
Solving water resource issues by reducing water risk
To introduce "Predicting water risk" to help predict and respond to "water risks" that affect business activities.
Responding to water risk as the business continuity management
Floods and droughts in line with climate change have increased globally in recent years. These are referred to as “water risks” and may lead to the suspension of business activities for companies, so it is regarded as one of the issues that need to be anticipated and dealt with as part of business continuity management (BCM). The Kurita Group sets solving water resource issues in materiality, offering solutions to customers that contribute to the conservation of water resources, such as water usage reduction. Aiming to create and offer more effective solutions according to the risks with the “prediction of water risks” by conducting predictions at each customer’s site, we are developing high-precision prediction technology.
Providing one-stop solutions for water risks to customers
The Kurita Group started collaborating with Waterplan in 2024, a venture company in the United States that develops and provides cloud-based platforms for assessing and managing water risks. Their platform is characterized by conducting high-precision water risk assessments online, without on-site investigations, by their unique model utilizing satellite images, meteorological data, geographical data on river basins, and other data. By providing a one-stop service utilizing this platform that covers water risk forecasting to solutions such as water usage reduction measures, we will contribute to reducing our customers' water risks.
Contributing to the resolution of water resource issues on a river basin scale
In the medium to long term, we are executing the development work that includes the perspective of solving water resource issues at the river basin scale. For example, we are proceeding with the development of the “water resources map” that can identify regional water risks at a glance by consolidating various information on water resources and the “basin digital twin” that can simulate the impact of climate change and the activities of local people and companies on water resources. By utilizing these tools and sharing the understanding of water risks with the various stakeholders in the river basin, we will aim to develop a sustainable society by balancing water resource conservation and economic activity.
