In addition to the ongoing climate crisis, we are also facing an increasingly alarming global water crisis. The op-ed featured in this week’s Wall Street Journal, authored by myself and Ceres Board Member Marcie Frost, CEO of CalPERS, highlights the very real financial risks that we face from the water crisis, as well as the immediacy of the issue. As we say in the piece, “We are reminded every day of a frightening truth: The water crisis is at our doorstep.”
50% of stocks listed in each of the four major U.S. stock indexes are in industries with medium-to-high water risk. That's why more corporations and their institutional investors are taking the financial and business implications of inaction seriously.
The Valuing Water Finance Initiative (VWFI) launched by Ceres with 64 investors representing $9.8 trillion in assets, is the only global investor-led engagement initiative aimed at moving companies to respond to the global water crisis. We have seen the power of the private sector to move the needle on climate change, and we know that we can have the same impact on water. The VWFI is organized around a set of 6 science-based, actionable Corporate Expectations for Valuing Water, that aligns with the United Nation’s 2030 Sustainable Development Goal for Water (SDG6) and supports the aims of the Ceres Roadmap 2030.
Institutional investors (investment managers, asset owners, or engagement service providers) interested in joining this initiative are invited to sign up by filling out this brief intake form.
The Valuing Water Finance Initiative builds on more than a decade of work by Ceres to build the scientific and financial cases for company and investor action on water risk.
I hope you’ll join us to support this important work.
Sincerely,
Mindy S. Lubber
CEO and President,
Ceres @MindyLubber