December 2021

Financial Implications of Addressing Water-Related Externalities in the Apparel Sector

Jenna Stewart, Paul Reig, Kirsten James, Virginie Galas, Murray Birt, Janamejay Kumar, and Gyanendra-P Jaiswal
Originally published by

Ceres, with insights from the Valuing Water Finance Task Force and Investor Working Group, collaborated with water risk consultant Bluerisk, sustainability intelligence provider S&P Global Sustainable, and the asset manager DWS Group to estimate the financial materiality of addressing water externalities for eight companies in the apparel industry and provide an analytical evidence-base to support investor engagement on enhanced management of water risk. This brief aims to inform asset owners and asset managers interested in understanding the financial materiality of addressing water-related externalities in the apparel industry, applying the proposed methods to other portfolio companies in the apparel or other industries, and using the results to inform their engagements with companies on water.

View all
Read More
November 2023
Bluerisk, Bonneville Environmental Foundation, LimnoTech and World Resources Institute
August 2023
Samantha Kuzma, Marc F.P. Bierkens, Shivani Lakshman, Tianyi Luo, Liz Saccoccia, Edwin H. Sutanudjaja and Rens Van Beek