Home » Resource Database Case Study Tesla’s Reliance on Groundwater Hinders Brandenburg Gigafactory Development Authoring Organisation BloombergNEF Publish Date 2024 Geography Germany Download Case Study (Tesla’s Reliance on Groundwater Hinders Brandenburg Gigafactory Development)(This link will take you to an external website) About this Case StudyThe case study discusses the legal and market risks associated with water scarcity for Tesla’s operations. It focuses on a factory in a water-stressed area of Germany that faced delays due to stakeholder complaints. Key outcomesTesla's development of its Brandenburg Gigafactory faced delays after environmental groups filed complaints to the German court challenging its water use licence. The area surrounding Tesla’s plant has experienced a decline in groundwater levels over the past three decades, with droughts in 2018, 2019 and 2020. The delays that Tesla experienced have disrupted a longer-term road map for the company. Download Case Study (Tesla’s Reliance on Groundwater Hinders Brandenburg Gigafactory Development)(This link will take you to an external website) Related resources The Global Assessment of Private Sector Impacts on Water Ceres (April 2022) A report which digs into how industry practises are threatening global freshwater systems in five main ways – groundwater depletion, metal contamination, plastic pollution, water diversion and transfer, and eutrophication. As well as the impacts industry is... Water Stewardship and Biodiversity Go Hand in Hand Ceres (January 2023) An introduction to the importance of water stewardship to biodiversity conservation, and the investor-led Valuing Water Finance initiative, which makes the business case for action on water risk. WBCSD TNFD pilot use case: Procter & Gamble WBCSD | 2023Location: China, India, Italy, Mexico, Spain +1 moreLEAP Use Case P&G’s use case illustrates how companies with internal nature-related risk and opportunity management and reporting may align with LEAP. It examines P&G’s water-related risks, opportunities and targets. Impact of water curtailment on the credit rating of heavy industry University of Cambridge Institute for Sustainability Leadership (CISL) and HSBC | 2022Location: GlobalCase Study This case study looked at the credit risks to the financials of heavy industry companies in an East Asian country with areas of very high water stress. Related publications Guidance on biomes Guidance for corporates on science-based targets for nature Related webinars Boards and nature – the evolving landscape for directors’ duties July 11, 2024 (Updated: August 30, 2024) Nature is now considered a strategic risk management and governance issue for companies and financial institutions. Physical and transition risks are materializing with greater frequency and severity, customer expectations are...