Transforming for a water-secure future

The water sector confronts unprecedented challenges and opportunities, with natural water sources being depleted and degraded. This whitepaper delves into key strategies and solutions discussed at the Singapore International Water Week (SIWW) 2024, emphasising climate adaptation, coastal protection, and flood management. Highlighting the importance of resilience, circularity, and advanced technology, the whitepaper underscores the need to accelerate innovative solutions in a resource-constrained world to ensure a water-secure future.

In her opening address, Minister for Sustainability and the Environment Grace Fu emphasised fostering partnerships and collaboration among public agencies, businesses, industry groups, and researchers. The potential of emerging technologies like smart water grids and AI for real-time monitoring was also spotlighted, aiming to enhance water quality, distribution, and reduce wastage. As Singapore prioritises resilience, circularity, and technology, these elements will drive our collective efforts to tackle today's complex water challenges and secure a sustainable future.

The water sector presents new opportunities and challenges for organisations, amid a growing need for more investment in potable, industrial, and irrigation water supplies. Ensuring adequate financial resources while balancing affordability and financial sustainability underscores the critical role of water utilities.

KPMG can help you by:

• Leveraging Technological Innovation: Implementing cutting-edge technologies to create smart and sustainable water utilities.
• Financing Solutions: Exploring innovative financing strategies to ensure financial sustainability while maintaining affordability.
• Policy and Regulatory Guidance: Navigating complex policy and regulatory landscapes to drive effective water management practices.
• Environmental Practices: Enhancing resource diversification, water quality, and energy optimisation through advanced environmental practices.
• Risk Management and ESG: Addressing critical issues such as risk management and ESG considerations to build resilience and sustainability in the water sector.