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website SCOR: SCOR co-authors report on water risk and sustainable investment | SCOR
website NN group: https://www.nn-group.com/news/nn-group-contributes-to-report-to-enhance-investors-understanding-of-water-related-risks/
Summary of project
Existing frameworks designed for institutional investors to assess Environmental, Social and Governance (ESG)-data* have not yet fully addressed the complexities associated with water. These frameworks, whether focused on reporting or rating, have encountered challenges in adequately understanding water-related aspects. Issues such as water stress, handling spatial and temporal variability, limited consideration of response strategies, missed opportunities, strategic value, and a narrow scope and context approach have hindered the effective interpretation of water data. Consequently, it has become difficult to prioritize the right issues within the value chain (materiality) and make meaningful comparisons among companies in terms of their water performance. Nevertheless, efforts are underway to bridge these gaps and to enhance the evaluation of water-related ESG factors. A growing push towards context in recent years, along with greater data, holds promise for stronger performance assessments in relation to water and ESG concerns (A. Morgan et al., 2022).
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