The Growing Need for a Water Stewardship Strategy as Water Risks Rise

Much of the world is parched. Last summer, just under 56% of the contiguous United States was experiencing drought conditions, the most extensive area in the 12-year history of the U.S. Drought Monitor.¹ Water, the once plentiful resource, is growing scarcer. And that scarcity is a finance issue—one that has the potential to disrupt business and supply chain operations, lead to increased costs and increase the price of commodity products. Part of the problem is that the demand for fresh water has doubled over the past 50 years.²Moreover, it is likely that things may get worse. So much worse that it is projected that about half of the world's population may experience water scarcity by 2030.³

Following is a discussion of the reasons behind water scarcity, the risks associated with the growing lack of water and why water is a significant issue for management, including CFOs as well as CROs.

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