<html><head><meta http-equiv="Content-Type" content="text/html charset=us-ascii"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><a href="http://blogs.agu.org/waterunderground/2017/09/28/western-water-wells-going-dry/" class="">http://blogs.agu.org/waterunderground/2017/09/28/western-water-wells-going-dry/</a><div class=""><br class=""></div><div class="">The map with this American Geophysical Union article shows that, in comparison with its adjacent neighbors, Montana has a high density of water wells</div><div class=""><br class=""></div><div class="">Of likely related interest, see the latest Montana drought map, here</div><div class=""><a href="http://droughtmonitor.unl.edu/CurrentMap/StateDroughtMonitor.aspx?MT" class="">http://droughtmonitor.unl.edu/CurrentMap/StateDroughtMonitor.aspx?MT</a></div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><br class=""><div class="">
<div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">*********************</div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;"><span style="font-weight: normal;" class="">"First, </span><b class="">money managers should</b> <b class="">review </b>their institution's proxy-voting guidelines and policies<b class=""> to ensure support for</b> relevant shareholder resolutions on <b class="">water risk</b>, while asset owners should ensure their fund managers act on those guidelines.<br class=""><br class="">"Second, investors can support efforts to increase and standardize <b class="">disclosure on food-sector water risk</b>, whether by engaging directly with portfolio companies, joining investor collaborations such as Ceres Investor Water Hub or supporting market-level disclosure platforms such as SASB, the Global Reporting Initiative and the water questionnaire of CDP (formerly the Carbon Disclosure Project) among others.<br class=""><br class="">"Third, investors can directly engage with poorly performing companies on performance improvement.<br class=""><br class=""></div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">Pensions and Investments journal</div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;"><a href="http://www.pionline.com/article/20170927/ONLINE/170929910/commentary-in-a-changing-world-investors-must-cut-exposure-to-water-risk" class="">http://www.pionline.com/article/20170927/ONLINE/170929910/commentary-in-a-changing-world-investors-must-cut-exposure-to-water-risk</a></div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><br class=""></div><br class="Apple-interchange-newline">
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