“…To the extent that the markets come to focus on sustainability practices of corporations, new, meaningful tools for such disclosure need to be developed. There is much written about carbon pollution generation and control (Lu & Abeysekera, ; Meng et al ., ; Rahman et al, ; Doda et al, ; Muller‐Eie & Bjorno, , Qiu et al, ), but nothing about water. Carbon emissions impact the warming of the atmosphere and the hydrological cycle, shifting rainfall and related weather patterns from one area of the globe to the other, impacting crop yields through the creation of historically severe droughts sometimes and extraordinarily heavy rainfalls at other times.…”