Water is critical for meeting commitments of the Paris Agreement and achieving the Sustainable Development Goals. Our economies rely on water, with recent estimates putting the economic value of water and freshwater ecosystems at USD 58 trillion - equivalent to 60% of global GDP. At the same time, water related risks are increasing in frequency and scale in the context of climate change.

How are investments shaping our economies and societies exposure to water risk? What role can the financial system play in supporting water security? And how can increased understanding of how finance both impacts and depends on water resources spur action towards greater water security?

Join us at our next OECD Green Talks LIVE on 14 May 2024 from 15:00 to 16:00 CEST to discuss the evolving landscape for assessing water risks to the financial system. OECD Policy Analyst Lylah Davies will present key findings and recommendations from recent OECD work on assessing the financial materiality of water-related risks, including the recently published paper “Watered down? Investigating the financial materiality of water-related risks” and will be joined by experts to discuss relevant initiatives underway.