China’s drought underscores water crisis risks to investors
With one of the worst droughts in China since records began 60 years ago, asset owners and managers are weighing more seriously the material risks of the water crisis.
Regional asset owners – including AustralianSuper, Taiwan’s Cathay Life Insurance and Japan’s Sumitomo Mitsui Trust Asset Management – have joined forces as signatories to the Ceres’ Valuing Water Finance Initiative (VWFI) which aims to highlight the financial and investor risk posed by dwindling water resources.
The initiative, launched this August with a group of 64 signatories representing $9.8 trillion in assets under management, aims to engage 72 companies in establishing bet…
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