100 investors with a total of $ 17.6 trillion of assets under management have signed up for the Valuing Water Finance Initiative (VWFI)
A major milestone for the Valuing Water Initiative. 100 investors with a total of $ 17.6 trillion of assets under management have signed up for the Valuing Water Finance Initiative (VWFI)
The VWFI is a global investor-led effort to engage companies with a high water footprint to value and act on water as a financial risk and drive the necessary change. The initiative calls on companies to meet Corporate Expectations for Valuing Water.
The Expectations are as follows:
1. WaterQuantity. Companies do not negatively impact water availability in water-scarce areas across their value chain.
2. WaterQuality. Companies do not negatively impact water quality across their value chain.
3. EcosystemProtection. Companies do not contribute to the conversion of natural ecosystems critical to freshwater supplies and aquatic biodiversity and actively work to restore degraded habitats that their businesses depend upon.
4. AccesstoWaterandSanitation. Companies contribute to the social, economic and ecological resilience of communities they interact with by contributing to achieving universal and equitable access to WASH across their value chain.
5. BoardOversight. Corporate boards and senior management oversee water management efforts.
6. PublicPolicyEngagement. Companies ensure that all public policy engagement and lobbying activities are aligned with sustainable water resource management outcomes.
