Finance must tackle the growing water crisis

  • 15.07.2022
  • WEF
  • Water risk is a systemic, material risk that is causing significant economic and social costs right now, from supply chain disruptions unleashed by climate-fueled flooding and droughts, to water and food insecurity caused by dwindling water supply.
  • The cost of water risks to business could be more than five times greater than the cost of acting now to address those risks.
  • There are practical steps that financial institutions can take right now to protect themselves from the risks created by the water crisis and to have a positive impact on water security.