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Reduce water waste at home and beyond

Preserving our planet’s natural resources and protecting the environment are increasingly important concerns for todays homeowners. However, many people still fail to realize just how much water their leaking faucets are wasting.

It might seem like the Earth has abundant water, but less than 1 percent is available for human use. The rest is either salt water, freshwater frozen in the polar ice caps, or too inaccessible for practical usage. 

While the population and demand for freshwater resources increase, supply will always remain constant. That makes water a natural resource that is increasingly under pressure. To address the worldwide growing need for water, we must reduce unnecessary water consumption and use water much more efficiently.

Does a little leak in my home really waste water?

The short answer is: yes.

The little leak that keeps on leaking wastes a lot of water. And because the leak is so little, you may ignore it. So, how can a little leak turn into a big waste? Many toilets have a constant leak—somewhere around 22 gallons (83 litres) per day. This translates into about 8,000 gallons (30,280 litres) per year of wasted water, water that could be saved. Or consider a leaky water line coming into your house. If it leaks 1 gallon (3.8 litres) of water every 10 minutes, that means that you are losing and paying for 144 gallons (545 litres) per day, or 52,560 gallons (199,000 litres) per year.

According to the US Environmental Protection Agency, water leaks can cause 10,000 gallons (37,800 litres) of water to be wasted in a single home during a year. At least 10 percent of all homes in the US have water leaks that waste up to 100 gallons (378 litres) every day. Only in one country, the US, household leaks can waste nearly 1 trillion gallons (3,7 trillion litres) of water annually.

Reducing water waste at homes

Sub-metering will assign the cost of water to tenants creating awareness of leaks and waste.

Always assume water appliances will malfunction. Moreover, a simple malfunction that continuously leaks will waste more water than the savings achieved by water-saving devices and should be a high priority.

There are several things we can do to mitigate water waste. Start with implementing water-saving devices such as low-flow toilets. These will reduce the amount of water used during proper operation.

Sub-metering will assign the cost of water to tenants creating awareness of leaks and waste.

Always assume water appliances will malfunction. Moreover, a simple malfunction that continuously leaks will waste more water than the savings achieved by water-saving devices and should be a high priority.

Finally, use advanced IoT technologies to identify waste, human mistakes and equipment malfunctions. These are the most significant sources of waste and are most often hidden, thus making them difficult to detect for humans. IoT solutions with built-in AI capabilities and leak sensors such as Eddy Solutions can detect anomalies and prevent them from becoming significant sources of waste.

Conserving water around the house is always a great idea. It not only benefits the environment but also lowers your monthly water bill. At the same time, let’s not forget that we also use water in ways we don’t see every day. Water is used to grow food, produce our favourite goods, and keep numerous industries running smoothly. We also use a significant amount of water to meet our energy needs.

Water Use in the US.

  • 8% domestic use
  • 33% agriculture
  • 59% industry

So, it’s only fitting that large corporations that consume water the most are mindful of how they use it.

Corporations pledge to become water positive

In recent months, multiple tech giants have pledged to use their reach and resources to join the fight for water conservation.

Google, Facebook, and several other companies have promised to put more water back into the environment than they pipe in—an exchange they call “water positive.” This means they plan to cut the water needed to run their facilities while preserving access to clean drinking water in drought-prone areas.

Many Western states in the US are experiencing water shortages this year. Recently, officials announced a water shortage for the massive Lake Mead reservoir after a 22-year-long drought in the region. Federal officials soon followed with unprecedented water cuts for about 40 million people who rely on the Colorado River, which feeds Lake Mead.

Water positive pledges aim to help companies align with UN sustainability goals while also securing their own water supply. It’s a question of reputation, too.

Facebook vowed to become “water positive” by 2030, a big pledge considering the company’s fleet of thirsty data centers. Becoming “water positive” for Facebook includes reducing and recycling the large volumes of water consumed by its data centers — 17 around the world.

For the corporate world, reducing water waste is perhaps the first and most critical step toward becoming water positive. Corporations must evolve their water management approach to improve water efficiency.

While the pledges to save more water pile in, some consider that accountability is vital.

Companies must disclose data about water withdrawals from their operations, as well as data to show progress toward meeting water targets including net positive water goals. That may include verification, assurance, and third-party review to give investors, customers, consumers, and the public confidence that the information a company is providing is being validated.

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Paul Pathak​

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Paul Pathak is a partner of Chitiz Pathak LLP. Paul practices principally in the areas of corporate, securities, corporate finance, mergers and acquisitions and commercial law. He represents and provides sophisticated guidance to private and public corporate clients in a broad range of industries, including mining, technology, manufacturing, venture capital and merchant banking.

George Krieser​

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George Krieser founded Total Credit Recovery Limited (“TCR”) in 1980 and is the President and Chief Executive Officer. TCR is the largest 100% Canadian-owned and operated collection agency, solely collecting Canadian debt. George previously served as a Director of Universal Energy. He also served as a member of the board of directors of Baycrest Foundation and as a member of the fundraising committee for UJA Federation of Greater Toronto.
Gary Goodman​
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Gary Goodman is a Trustee and Chair of the Audit & Risk committee of Boardwalk Real Estate Investment Trust., a former Chairman of Huntingdon Capital Corp., trustee of Gazit America & Brightpath Early Learning, and is a member of the advisory boards of the Vision Funds. Gary was previously Executive Vice President of Reichmann International where he served as a senior financial executive and trusted advisor for over 30 years.

Chris Gower

Director

Chris Gower started his career in construction on the tools – framing houses, where he grew a deep appreciation for the trades. Prior to his current role as Chief Operating Officer, Buildings at PCL Construction (“PCL”), Chris held positions including construction risk manager, senior project manager, district manager and regional vice president. Throughout his more than 25 years at PCL, he has delivered iconic construction projects across Canada, Australia and the United States.

June Thomson

EVP, Sales, Marketing
& Business Development

June joined the Eddy team coming from Enercare after 10+ years in various roles, most recently as Vice President of the North American Builder Division. June has been in the HVAC industry for over 41 years, holding several roles throughout her career from Technician to Provincial Offences Officer.

Saj Khan

COO & President

Sajid Khan helped launch Eddy Solutions and has been in the role of Chief Operating Officer since inception. With more than 20 years of leadership and operational experience in the home services sector, Saj has held roles such as COO of Eco Energy Service, Vice President of Operations at both National Home Services and Universal Energy.

Boris Baril

CFO

With more than 25 years of financial experience, Boris has held both public and private company CFO roles; supported two (TSX listed) initial public offerings (IPOs), debt and equity capital raises, and M&A transactions. Boris graduated from York University and is a CPA, CA.

Mark Silver

CEO & Chairman

Mark L. Silver is President of Optus Capital Corporation. Mr. Silver has made significant real estate investments in both development stage and income producing properties in the residential, commercial and industrial sectors over his 35 year business career. Over the last 22 years, these investments have been made through his company, Optus Capital Corporation. Mr. Silver was a founding partner and Chief Executive Officer of Universal Energy which was sold in 2009 to Just Energy Group Inc. He co-founded Direct Energy Marketing and grew the company to over $1.3 billion in revenues before selling to Centrica PLC (also known as British Gas) in 2000.