The new issue of Water Alternatives has come out, and the theme is “Open for business or opening Pandora’s Box? A constructive critique of corporate engagement in water policy”. You can read the full new issue here. Of interest for the readership of the Water Governance Blog is the article it contains by two WWF representatives on the water footprint. An excerpt from the abstract: “A debate has now emerged about the value, and the shortcomings of using water footprint tools to support better water resources management. This paper tracks the evolution of the water footprint concept from its inception in the 1990s and reviews major applications of water footprint tools, including those by the private sector.The review suggests that water footprint assessments have been an effective means of raising awareness of global water challenges among audiences ‘outside the water box’ including decision makers in industry and government. Water footprint applications have also proved to be useful for the assessment of strategic corporate risks relating to water scarcity and pollution. There is evidence that these applications may help to motivate economically important stakeholders to contribute to joint efforts to mitigate shared water-related risks, although there have been few examples to date of such approaches leading to tangible improvements in water resources management at the local and river basin scales. Water footprint assessments have so far had limited influence on the development or implementation of improved public policy for water resources management and there is reason to believe that water footprint approaches may be a distraction in this context”. The full article can be read here.