Investors join forces to address financial, environmental risks of water
A coalition of 64 institutional investors is collaborating to get world’s biggest corporate water users and to address water as a financial risk.
The Valuing Water Finance Initiative represents institutional investors with a collective $9.8 trillion in assets, and is coordinated by shareholder advocacy group Ceres and the government of the Netherlands.
Pension fund members include the $459.4 billion California Public Employees’ Retirement System, Sacramento; $301.6 billion California State Teachers’ Retirement System, West Sacramento; A$26 billion ($18.2 billion) AustralianSuper, Melbourne; the U.K.’s Environment Agency Pension Fund and Local Authority Pension Fund Forum; and $70 billion rand ($4.2 billion) Government Employees Pension Fund of South Africa, Pretoria.
Asset managers joining the initiative include Aviva Investors, Ballard, Boston Common Asset Management, Dana Investment Advisors, DWS Investment, Federated Hermes, Fidelity International, Franklin Templeton, Impax Asset Management, KBI Global Investors, Lombard Odier and PGGM.
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