When companies think about risk, most of them don’t think about water. Historically, water has been available even in areas prone to drought, and flooding followed a fairly predictable pattern. But as the climate warms, the world is beginning to see more extremes — and that often means too little or too much water.

This growing variability has caught major corporations unprepared. Risks are appearing on multiple fronts.

Read more in the Harvard Business Review. Visit The Water Council website to learn how it can help.