Why some of the world's biggest companies are increasingly worried about water scarcityMajor companies from across a range of sectors are increa...Why some of the world's biggest companies are increasingly worried about water scarcity
Major companies from across a range of sectors are increasingly concerned about the cost and availability of the world’s ultimate renewable resource: water.
The availability and relatively low cost of water does not tend to capture much attention until it effectively runs out. Yet, with the climate crisis seen as a “risk multiplier” to water scarcity, analysts warn that even companies with relatively limited financial exposure to water risk should brace for disruption.
It comes at a time when water prices are rising around the world. The average price of water increased by 60% in the 30 largest U.S. cities between 2010 and 2019, according to data compiled by Barclays, while California Water Futures have regularly jumped as much as 300% in recent years.