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.
