Increasingly volatile rainfall patterns are hastening investment in infrastructure that diverts, stores and cleans stormwater, creating opportunities for suppliers of innovative hardware and consultancy services, writes Senior Portfolio Manager Justin Winter.
Extreme rainfall and more frequent flooding events carry rising human and financial costs. In the five years to 2022, economic losses from global floods totalled $286 billion, up 40% on the preceding five-year period.
Rising incidence and value at risk from floods is expected to drive surging investment in stormwater infrastructure. We believe this will support demand for innovative products and services that help better manage risks to property and life.
