Investors’ scrutiny of companies’ ESG disclosures often focus on fossil fuel usage. But a substance that is almost the opposite of heavy fuels is poised to play a larger role in the stewardship of natural resources and pollution: Water. Technology is a thirsty sector, and with semiconductor manufacturing growing in the U.S. under the CHIPS Act, companies will be under increased pressure to disclose their water usage.

Read more, including insight from The Water Council’s Matt Howard, in this MarketWatch article.