Yanti Triwadiantini of the Jakarta Post, in a recent article, discusses why companies should focus on efficient water management in their business operations to not only protect the environment, but also support and improve local communities, making companies more environmentally sustainable as well as socially acceptable.

The first edition of the Nestlé Prize in Creating Shared Value was a great success with more than 500 applications received from all over the world. Thank you to all participants for sending us their project applications! Applications received represented a broad range of approaches to problems of nutrition, water, or rural development. Examples of projects included innovative solutions for improving access to and management of water, for improving the lives of farmers and rural communities, or delivering high nutritional value to populations suffering from nutritional deficiencies. The Nestlé Prize Screening Committee selected the best applications from the pool of entries and the Nestlé Advisory Board on Creating Shared Value will choose the Nestlé Prize Laureate. Mark your calendar: the winner will be announced on 27 May, 2010! The Nestlé Prize in Creating Shared Value seeks to recognize successes in the areas of nutrition, water, and rural development. More information about the Prize can be found on http://www.nestle.com/CSV/CSVatNestle/CsvPrize/About.htm. Nestlé will commit to the Prize winner an investment of up to CHF 500,000 for a specified period of time, to assist in the development and scale-up of the innovation.