PRTODAY / NewswireToday Free press release distribution service network

More news:
Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

The World Resources Institute, General Electric and Goldman Sachs Launch Initiative to Measure Water Risks and Opportunities - Water Index will offer most comprehensive measure of corporate risks and opportunities
The World Resources Institute, General Electric and Goldman Sachs Launch Initiative to Measure Water Risks and Opportunities

 

NewswireToday - /newswire/ - Trevose, PA, United States, 2009/12/07 - Water Index will offer most comprehensive measure of corporate risks and opportunities. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


World needs to know about google malpractices - Share your Adsense publishers stories on Google tactics to steal your revenues

 

The World Resources Institute (WRI), in partnership with General Electric (NYSE: GE) and Goldman Sachs (NYSE: GS), has launched an initiative to measure water-related risks facing companies and their investors. The initiative will develop a Water Index as a standardized approach to identify and mitigate water-related corporate risk.

The Index will offer one of the most expansive measures of water risks currently available. It will aggregate nearly 20 weighted factors capturing water availability, regulations, water quality and reputational issues.

As water resource constraints affect nearly all industries, the Water Index will be widely applicable. The Index will allow companies and investors to transparently and adequately capture the various components of water-related risk and will enable business leaders to make more well-informed investment decisions.

The Water Index will draw on publicly available data regarding physical scarcity and water quality and overlay important factors including the regulatory regime and social and reputational issues that have not previously been incorporated into water risk measurement. Ultimately, this mapping tool will allow users to combine and compare different components of the water risk assessment.

“In many regions around the world, water scarcity from climate change and pollution is starting to impact a company’s performance, yet few analysts account for water-related risks,” says Jonathan Lash, president of WRI. “WRI hopes that investors will begin ‘pricing in’ these under-appreciated risks, driving investments to support more hydrologically efficient designs and technologies.”

From the perspective of General Electric and Goldman Sachs, the Water Index will allow each firm to better advise customers and clients on water-related risks and opportunities.

“From a technology perspective, solutions to enable water reuse and mitigate risk already exist,” said Heiner Markhoff, president and CEO—water and process technologies for GE Power & Water. “Advanced solutions, such as membrane technology and water-efficient cooling technologies, are available to manage the risks once these are identified and measured, which is what the Water Index aims to do. We are thrilled to work with WRI and Goldman Sachs on this project.”

“Many environmental factors, including water, pose both challenges and opportunities for investors and businesses,” says Tracy Wolstencroft, global head of environmental markets for Goldman Sachs. “The Water Index will provide valuable insights that can inform investment decisions and will help identify new opportunities across sectors and geographies.”

About the World Resources Institute
The World Resources Institute (wri.org) is an environmental think tank that goes beyond research to find practical ways to protect the earth and improve people’s lives.

About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

The Environmental Markets Group is responsible for ensuring that Goldman Sachs’ people, capital, and ideas are leveraged effectively to develop market-based solutions to environmental issues. The group partners with corporations, non-government organizations, and academic institutions to identify and provide guidance on relevant environmental topics. The Environmental Markets Group disseminates research and project results through a combination of publications, conferences and targeted outreach to engage and educate clients, investors and policymakers.

About GE
GE (ge.com) is a diversified global infrastructure, finance and media company that's built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.

GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With 60,000 global employees and 2008 revenues of $38.6 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.

Press Contacts:
Howard Masto, Masto Public Relations
P: +1 518 786 6488
E: howard.masto[.]ge.com.

Ken Darling, Masto Public Relations
P: +1 518 786 6488
E: kenneth.darling[.]ge.com.

Joseph Snodgrass, Goldman Sachs
P: +1 212 934 4389
E: joseph.snodgrass[.]gs.com.

Jessica Forres, World Resources Institute
P: +1 202 729 7736
E: jforres[.]wri.org.

Attention Editor
Masto Public Relations
E: information[.]mastopr.com.

[Content made possible by PRZOOM indexing services]

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


World needs to know about google malpractices - Share your Adsense publishers stories on Google tactics to steal your revenues

 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
articles,
CATCH Visitors via Your Competitors Announcements!


The World Resources Institute, General Electric and Goldman Sachs Launch Initiative to Measure Water Risks and Opportunities

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Kimberly Ramalho - GE Energy 
+1-215-942-3409 kimberly.ramalho[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)