This article was written by Renat Heuberger, South Pole Group’s CEO, and was first published in the Huffington Post Green platform.
This year’s number one sustainability risk is – water.
According to the latest World Economic Forum’s Global Risk Report, the adverse impacts of water crises could even surpass the impacts of climate change. The effects can already be felt across industry sectors and society at large: in line with the narrative from the WEF, a recent study by CDP found that two-thirds of the world’s largest companies are now reporting exposure to water risks – with 22% anticipating that this could limit the growth of their business. The recent droughts in the United States that have made international headlines, simply add to the growing evidence of a fundamental problem: the exhaustion and mismanagement of water resources is translating into soaring levels of water stress across the globe. Failure to address the problem will come with a high price tag.