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Water Risks a Looming Iceberg for Global, California Business

Big California companies and investors see “significant near-term risk” at the spigot

Craig Miller

Lake Almanor in the northern Sierra, November, 2009

Companies around the world are beginning to recognize “a significant near-term risk” to their water supplies, according to the second annual Water Disclosure Global Report released today by the non-profit Carbon Disclosure Project (CDP) in London. But despite the obvious connection, water appears to lag climate as a priority in corporate boardrooms. The CDP report found that a whopping 94% of Global 500 companies that responded have board-level oversight of climate change. Water risks, not so much: just 57% of the respondents to the water disclosure report have board level oversight on those issues. Continue reading