Water scarcity has been highlighted as a top three potential risk by the World Economic Forum’s Global Risks Reports. Drought events are expected to become more frequent and increase in intensity in many regions due to physical climate change impacts. Improving the availability and quality of respective methodologies to adequately price and manage environmental and climate change-related risks is crucial to make financial decision-making more prudent, markets more efficient and economies more resilient.
During this session, we will introduce some of the tools that allow financial institutions to quantify and assess the potential impact of water-related risks on the performance of their portfolio and provide new ways for businesses to factor water scarcity into decisions that support business growth and help ensure the availability of fresh water for future generations.
Led by: Natural Capital Finance Alliance and UN Environment Programme Finance Initiative
Rosemary Bissett, Head of Sustainability Governance & Risk, National Australia Bank