Good for ACTIAM in engaging companies and pushing for more stringent water use plans and oversight. It is also important to screen-out the laggards. The way I see it, there is increasing regulatory risk in investor's portfolios holding companies that are poor water stewards. Companies that are already meeting higher water use efficiency standards should have an edge in performance over companies that will struggle to meet the inevitable regulations and water rationing schemes many national and local governments will need to implement in the coming years.