Extract from the Cornerstone Journal of Sustainable Finance & Banking, November 2013, written by Cyrus Lotfipour, Emily Chew, and Shuyuan Jin, MSCI ESG Research, a leading provider of in-depth environmental, social& governance research, ratings and analysis, with more than 150 ESG specialists worldwide.

Water Scarcity poses an operational risk to companies in the metals, mining, and power generation industries. However, quantifying these risks can prove to be a challenging endeavor for investors without knowledge of industry water intensities, and most importantly, local operations.