Water stewardship is increasingly important to long-term company profitability—and its governance begins in the boardroom.
Understanding water risk and making informed board decisions is imperative to protecting the long-term interests of companies. With the effects of climate change on the rise, now is the time for boards to pay close attention to the related business risks and opportunities. Water risk is receiving growing recognition as a significant business risk. Many high-priority climate change effects tie to water. From drought and flooding to potential conflict over water resources, climate change mitigation is inseparable from water governance. Shareholder water risk can be physical or transitional. The former includes actual events, such as sea l