Why some of the world’s biggest companies are worried


Dry cracked earth is visible along the banks of Phoenix Lake on April 21, 2021 in Ross, California.

Justin Sullivan | Getty Images

LONDON — 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…


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