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Sovereign Wealth Funds Briefing - Categorized | Market

A world without water

Posted on 17 July 2014

Norway’s huge $890bn oil fund, the world’s biggest sovereign wealth fund, is one of several large investors urging companies to improve their reporting. It cites what Jan Thomsen, its chief risk officer, has described as “increasing water scarcity and adverse water-related events” that could affect its long-term returns.
The fund is one of 530 investors with $57tn in assets that work with the Carbon Disclosure Project, an international environmental charity. On behalf of those investors, CDP asks large companies each year to disclose the risks and opportunities water poses for their business. Last year 70 per cent of the 180 FTSE Global 500 companies that responded said water was a substantive risk to their business, up from 59 per cent in 2011………………………………………..Full Article: Source


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