This proposal is based on a participatory diagnosis of barriers and opportunities in the business sector4 in order to propose specific actions for the management of climate risks associated with water resource management, as a measure of efficiency, productivity and competitiveness. The project will be based primarily on food and beverage companies, and pulp, paper, and cardboard whose water use is significant (water-intensive sectors). Improving the capabilities of these companies would have a major impact on Colombia's strategies for coping with climate risks. These actions aim to:

• Strengthen knowledge and integration of information sources for their decision-making processes.
• Create a strategic framework to learn about efficient water resource management measures and demonstrate their economic and financial benefits.
• Strengthen exchange and learning processes to support technical knowledge and dissemination of tools for climate risk management.
• Elaborate a concept note addressed to the "Private Sector Facility" that promotes a financial mechanism to leverage the formulation and development of adaptation and risk actions associated with climate change, aimed at the efficient management of water resources in the business sector.