“Water worldwide becomes ever shorter. That is why we want to control the sources“.
Helmut Maucher, CEO Nestlé 1990 – 1997.
The Water Resources Group was launched in 2008 as an initiative coming from Nestlé, Coca Cola, Pepsi Co and the International Finance Corporation, a branch of the World Bank. Its aims are to “transform the water sector” by bringing the corporate sector into what has traditionally been a public service. Despite the fact that the IFC’s Compliance Advisor Ombudsman reported that 40% of complaints received from all regions in the world were water related and that in Europe, especially in France, Italy and Germany, there are strong social movements reclaiming public control of water, the World Bank and the bottled water industry uses their combined power to push for water privatization through Public-Private Partnerships.