Just days after the French and UK central banks issued an urgent warning that climate change constitutes an existential threat to the financial system, the Natural Capital Finance Alliance (NCFA) has launched analysis based on its ground-breaking ENCORE tool.

A report in yesterday’s Sunday Times newspaper says that Southern Water has alerted law enforcement authorities which are “understood to include the SFO” as part of Ofwat’s ongoing investigations into the operation of some of the utility's wastewater treatment works.

A report in the Financial Times has suggested that the potential renalisation of water companies in England and Wales could cost as little as £14.5 billion – far less than the alternative figure of up to £90 billion suggested by think tank Social Market Foundation in February 2018.

Legal & General Investment Management (LGIM). one of the largest global institutional investors and the largest money manager in the UK, is warning that companies that fail to take action on climate change will lose its shareholder backing. 

S&P Global Ratings has revised its outlook for both Northumbrian Water (NWL) and Portsmouth Water to negative in the face of what it describes as “tougher operating conditions”.

A new report is warning that climate risks to physical infrastructure combined with other threats mean that losses from climate-related hazards will continue to rise unless investors, lenders, insurers and policymakers undertake significant risk management efforts.