This document discusses water stewardship, particularly in Asia, and the potential role of the private sector. It notes that over 90% of companies agree a water crisis is looming and that water scarcity risks are equal to those of carbon emissions. More than half of the world's largest companies are now affected by water stress. The document outlines reasons for companies to practice water stewardship, including strategic risk reduction, market pressures, and leadership opportunities. It analyzes trends in Asia toward improved water risk mapping, disclosure, and stakeholders paying more attention. The document proposes areas where private sector can contribute, like financing, convening dialogues, clean technology, and advocacy. It presents a framework for water stewardship and calls for partnership rather