Water risk refers to the potential negative impacts associated with the availability and quality of water resources. This can include issues like water scarcity, pollution, and the effects of climate change on water supply. Industries, communities, and ecosystems can all be affected by these risks, leading to economic losses and health problems. Managing water risk involves assessing and mitigating these challenges to ensure sustainable water use. Strategies may include improving water efficiency, investing in infrastructure, and protecting natural water sources. Organizations often use frameworks to evaluate their exposure to water risk and develop plans to address it effectively.