Given the record flooding seen in parts of the United States this spring, it may be hard to imagine water scarcity being an issue right now for the business community. However, according to a new report from Lloyd’s and the WWF, global water shortages are an increasing threat to business and risk managers must act now to address this risk.
The report observes that as well as being our most important human resource, water is critical for many businesses because all goods require water in their production. But there is a finite amount of freshwater on our planet – only 3 percent of the total water in the world is freshwater and less than 1 percent is readily usable by humans. It warns that economic growth, population shifts and climate change will contribute to severe shortage and degradation of global water supplies and ecosystems over the next 30 years.
Lloyd’s CEO Richard Ward […]

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