The short film below – about the systemic water risks experienced by our fund managers in South Africa - shows us why considering water factors should be as essential as considering carbon emissions when investing in a ‘just transition’ to a more sustainable economy. For that to happen, investors like M&G need better water data in order to allocate capital and manage risk appropriately, so we are working with the global disclosure organisation CDP to evolve their Water Disclosure framework for “decision ready” corporate water data. In view of the likely threat to the world’s water supply, we’re also asking investee companies to develop credible climate adaptation and mitigation plans, and calling on national and regional governments to improve water infrastructure, regulation and enforcement of policy.