Category: SDGs
New initiatives underscore growing concerns over water risk New initiatives underscore growing concerns over water risk New initiatives underscore growing concerns over water risk
Investor action on water risk has been gaining momentum with a number of announcements over the past week.
DWS, the €759bn asset management wing of Deutsche Bank, has revealed it will launch investment funds “linked to water” as part of its efforts to push the topic up the agenda.
It partnered with WWF to release a report on Wednesday highlighting “why we can no longer afford to neglect water risk”.
The pair emphasised global unpreparedness to deal with the impact of water shortages, noting that water risk has appeared in the top five risks in the World Economic Forum’s Global Risks Report every year since 2012, but has “seen much less action than the climate crisis”.
They also noted the potentially catastrophic impacts of water shortages. By 2050, it is estimated that 52% of the world’s population and 40% of global grain production will be in areas facing high water stress.
“WWF and DWS both agree that water risk affects all of society a…