Each year, businesses around the world are feeling growing financial impacts from water insecurity, said a new report released this week. “Thirsty Business: Why Water Is Vital to Climate Action,” is produced by the nonprofit CDP, which creates an annual report tracking how companies manage water resources and plan for the future. Ample supplies of freshwater resources are crucial for many businesses, but it’s also vital to efforts to decrease greenhouse gas emissions. Scientific studies have found that climate change will lead to higher risk of both droughts and floods.