BNP Paribas AM among 30 fund houses backing freshwater pledge

$1.7trn AUM

Institutional investors with more than $1.7trn in assets under management have written an open letter calling on governments to enact policies to solve a water crisis affecting billions of people around the world.

Investment firms which have signed the letter include BNP Paribas Asset Management, Sumitomo Mitsui DS Asset Management, Coller Capital, Ethos Foundation and BancoPosta Fondi SGR. In the letter, the investment groups highlighted how the global water crisis "is a systematic financial risk to nearly all economies and the climate crisis multiplies these threats", and policymakers are not doing enough to encourage investment in prevention. Man GLG targets water scarcity with new sustainable fund Explaining the seriousness of what is at stake, they wrote they are "urgently seeking to de...