Download or read book A Capital Markets Based Water Risk Assessment of Key Industrial Water Users in the Great Lakes Region written by Anthony Arnold and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This project explores capital markets risk exposure from water use in key industrial sectors in the Great Lakes region, represented by a subset of the region's largest companies and water users. The largest industrial water users in the Great Lakes region include (in decreasing order): thermoelectric, industrial, domestic/public supply, and commercial sectors. It is salient to make the distinction between water withdrawal and consumptive use, whereby the former is largely returned to the source reservoir after use in business operations, and the latter is removed from available supplies.Industry-specific water risks can be viewed through several lenses: watershed stewardship, impact of water as a natural resource constraint on corporate operations, and risk pricing of water in the capital markets as a result of curtailed operations and growth. The approach taken here builds on portfolio theory by integrating share price trends, with corporate accounting and voluntary disclosure data to extract a share price volatility risk metric - waterBeta - reflective of water and weather risk. The approach leverages signal processing waterBeta algorithms developed by Equarius Risk Analytics, a fintech firm, which prices water/weather risk directly into share price volatility, as a risk premium. The signal is derived from value-at-risk (VaR) models, which captures the short term 'tail' of extreme market volatility risks in share price behavior relative to industry and sector-specific benchmarks. Simply put, a higher waterBeta means a company is more prone to capital market volatility as a result of climate risks. Our results indicate that, by comparing nine companies across four industry sectors, the waterBeta signal is lowest for utilities, followed by health care, consumer discretionary, and industrials. Companies with high waterBeta tend to exhibit a higher degree of tail risk volatility in their short term share price, have a high percentage of facilities operating in water stressed regions, and exhibit low water intensities (WI). Interestingly, these same high waterBeta companies also tend to have high fixed asset turnover ratios, indicating high waterBeta companies are more dependent on fixed assets. Conversely, low waterBeta companies exhibit low VaR, high water intensities and a high percent of facilities in water stressed locations. However, these companies have low fixed asset turnover ratios, and are thus inefficient at generating revenue from fixed assets. Even though our subset of companies was too small for sector-wide generalizations, it appears that when an entity has higher fixed asset turnover ratios, even small changes in water intensity or exposure to high water risk areas can have a significant impact on waterBeta. This is the case with Archer Daniels Midland (ADM). However, the opposite trend can be observed, and is exemplified by the thermoelectric companies, which are the most inefficient at generating revenue from fixed assets and have the highest WI but exhibit the lowest waterBeta values. This is largely due to the fact that thermoelectric plants/companies rely almost exclusively on surface water sources, such as the Great Lakes, and tend to have corporate/industry wide water risk management strategies in place, given their high dependency on water. It should be noted that this capital markets risk at this time provides limited feedback to the companies on how to address this volatility, given that the model is multiparametric. Addressing water intensity (how much water a company uses to generate revenue) only has impact if its efficiency to generate revenue from its physical assets can be addressed. We are currently identifying factors that enable more targeted corporate risk management actions. As noted, the sample in this study was small and regionally focused. Broader universes of companies across multiple sectors such as represented in the '500' index will serve to develop imputation and learning models to scale capital markets-based water risk observations.
Download or read book Water Risk and Its Impact on the Financial Markets and Society written by Thomas Walker and published by Springer Nature. This book was released on 2021-08-20 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Water risks, including the lack of access to fresh water for personal and industrial use, droughts, floods, and water contamination, are problems that are not new, yet, they are amplifying in the face of climate change, population growth, and rapid economic development. Properly identifying, measuring, and managing these risks as well as taking advantage of related mitigation opportunities is essential for the future well-being of firms across various industries, investors who invest in these firms, local and federal governments, and ultimately our society as a whole. This edited book sheds light on this topic by examining the unique measurement and modelling challenges associated with either the scarcity or overabundance of water and their interaction with finance and society. Specifically, it explores approaches to assess and operationalize water risk, examines the vulnerability of institutions and markets, and discusses strategies for risk mitigation.
Download or read book Liquid Asset written by Steve Thorp and published by . This book was released on 1992 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Water Pollution Problems of the Great Lakes Area written by United States. Federal Water Pollution Control Administration. Great Lakes Region and published by . This book was released on 1967 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Great Lakes Basin Framework Study written by United States. Great Lakes Basin Commission and published by . This book was released on 1974 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Proceedings of a Workshop on Risk Assessment Communication and Management in the Great Lakes Basin written by Great Lakes Water Quality Board and published by . This book was released on 1993 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Final Report and Recommendations written by Great Lakes Governors Task Force on Water Diversion and Great Lakes Institutions and published by . This book was released on 1985 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report to the Great Lakes Water Quality Board written by Great Lakes Water Quality Board. Toxic Substances Committee and published by . This book was released on 1980 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Selected Water Resources Abstracts written by and published by . This book was released on 1985 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Toxic Pollution in the Great Lakes written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Water Resources and published by . This book was released on 1988 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Management Programs Research and Effects of Present Land Use Activities on Water Quality of the Great Lakes written by International Reference Group on Great Lakes Pollution from Land Use Activities and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risk Benefit Analysis in Water Resources Planning and Management written by Yacov Haimes and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ronald M. North President Universities Council on Water Resources People sense intuitively that the world in which we live is not free of risk. Every decision, every action, even the refusal to either act or decide involves some element of risk. Perhaps, because we accept relatively low levels of risk in our daily activi ties, we tend to minimize the existence of risk and thereby fail to include risk assessment in those decisions and actions which could be improved through a risk assessment process. However, our casual approach to risk assessment seems to stem largely from the diffi culties inherent in measuring risk rather than from any lack of cognizance of the existence of risk. This conclusion is evidenced by the many statements in official documents relating to planning and evaluation which suggest that risk assessments should be con ducted but do not provide the mechanism for such assessments nor do they encourage their consideration in the decision making process. This conference on Risk/Benefit Analysis in Water Resources Planning and Management is notable because it attempts to identify and evaluate the mechanisms available for risk assessment which might be useful in water resources planning and management efforts. These proceedings bring together the thoughts of professional per sons who have struggled with the problems of risk assessment and who have contributed to the refinement of both theoretical and pragmatic solutions for the improvement of risk assessment processes.
Download or read book Liquid Asset Great Lakes Water Quality and Industry Needs written by Great Lakes Commission and published by . This book was released on 1992* with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risk Assessment for Chemicals in Drinking Water written by Robert A. Howd and published by John Wiley & Sons. This book was released on 2007-11-16 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive reference on state-of-the-art risk assessment methodologies for drinking water Risk Assessment for Chemicals in Drinking Water discusses the major steps and goals in risk assessments and suggests ways to improve the methodologies and accuracy, while consolidating up-to-date information on the current principles and practices in one authoritative reference. After an enlightening overview of risk assessment practices and regulatory guidelines, it: Includes descriptions of the use of variability analysis, exposure analysis, physiologically based pharmacokinetics, and modeling for both cancer and non-cancer endpoints Describes the practices of major organizations, including the U.S. EPA, Health Canada, World Health Organization, and California Office of Environmental Health Hazard Assessment Includes complete chapters on risk assessment for essential nutrients, arsenic, chloroform, and perchlorate Explains how to address susceptible sub-populations, including the elderly and infants and children, in risk assessments Covers the potential of using genomic and proteomic screens Addresses recent advances, emerging issues, and future challenges With contributions and perspectives from leading scientists, this is the definitive resource for health and environmental scientists, toxicologists, risk assessors and managers, regulators, consultants, and other professionals responsible for the safety of drinking water.
Download or read book Selected Water Resources Abstracts written by and published by . This book was released on 1971 with total page 1162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Water Risk Modeling written by Dieter Gramlich and published by Springer Nature. This book was released on 2023-02-17 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds light on the topic of financial water risk by examining the modeling challenges associated with physical, regulatory, and reputational water risk in finance. It explores various approaches to operationalize water risk from a financial analysis, investment management, and climate science perspective. The analysis of tools to assess water risk provides the basis for the development of appropriate risk-return management techniques in finance and beyond. This book provides new insights by focusing on financial water threats and their related opportunities. It will be of interest to both academics and practitioners who work at the interface of finance, economics, nature, and society.
Download or read book Water 21 written by and published by . This book was released on 2005 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt:
