‘CalPERS is Overlaying Physical Climate Risk with Water Scarcity Insights’: California’s Betty Yee on Water Risk

To highlight the escalating global water crisis, this year’s UN World Water Day on March 22 will focus on valuing water. With water demand expected to exceed supply by 56% within the decade, companies, investors and institutions are being called on to not only recognise the challenges of pricing water appropriately, but consider the social, environmental and cultural value of water. To address this growing concern, sustainability nonprofit Ceres partnered with the Government of the Netherlands’ Valuing Water Initiative to form the Valuing Water Finance Task Force, a coalition of influential investors who seek to drive corporate action on water-related financial risks.