Jefferies Says Banks Are Failing to Price in Water Risk
- Non-financial corporations increasingly alert to water risks
- Finance industry ‘absent in this conversation’: Jefferies
Much of that vulnerability is associated with out-of-date and poorly maintained water works, with the UK standing out as a recent example of dysfunction.
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
As extreme heat dominates news headlines, the gate-keepers of global capital are failing to keep pace with a key associated risk: water scarcity.
That’s according to an analysis by Jefferies, which indicates that even though non-financial corporations are increasingly alert to such risks, the finance industry is lagging far behind.