PARIS — Dec. 4, 2015 — A new global alliance aims to ensure sustainable management of water resources at a time when climate change threatens to affect the availability and quality of drinking water around the world, according to a press release.

The Business Alliance for Water and Climate Change, part of the Lima-Paris Action Agenda, is calling for water challenges to be integrated into the global climate policy and financing architecture and businesses to commit to take meaningful action to address water and climate challenges, noted the release.

The organization was launched on Friday by 32 companies, including Suez Environnement, Veolia, Unilever, AstraZeneca and GSK, stated the release.

Jean-Louis Chaussade, CEO of Suez Environnement, said in the release: “The impacts of climate change on water resources affect their availability and quality, not to mention the severe events such as floods or droughts they can cause. There is no fatality: solutions exist to secure the sustainable management of water resources. In preparation for an agreement at COP21 (the Paris Climate Conference), Suez is supporting this alliance to alert all stakeholders of the necessity to take into account these issues and to reaffirm the crucial role of companies in the response to these challenges.”

The alliance is jointly led by CDP (formerly the Carbon Disclosure Project), the CEO Water Mandate of the United Nations Global Compact (UNGC), and the World Business Council for Sustainable Development (WBCSD) on behalf of the companies who sign its declaration, reported the release.

You can find the entire release here.