Commitment to Action

Water Risk and Climate: Improving Corporate Performance

Commitment by

Ceres

In 2009 Ceres commited to launching a new initiative to drive strong corporate management awareness of the impacts of climate change on freshwater resources and highlight the substantial risks this poses for key industries -- including water utilities.
Ceres partnered with Bloomberg and Swiss investment bank UBS to release a new report on February 11, 2010 entitled: 'Murky Waters? Corporate Reporting on Water Risk', that benchmarked the water risk disclosures made by 100 of the largest publicly-traded companies in eight water-intensive sectors.
Ceres subsequently released 'The Ripple Effect: Managing Water Risk in the Municipal Bond Market', the first-ever study of potential impacts of water scarcity and climate change on municipal water and power utilities. Building on that success, Ceres plans to release a new benchmarking framework for companies in water-intensive sectors.

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Overview
Summary

Commitment

Water Risk and Climate: Improving Corporate Performance

Launched

2009

Est. Duration

1 year

Estimated Total Value

$300,000

Region

Northern America

Countries

United States

Commitment by

Ceres

Partner(s) of the Commitment Maker(s)

Water Asset Management, Bloomberg L.P., PricewaterhouseCoopers, UBS Wealth Management USA