Prior to the 2016 ELI Award Dinner, ELI convened an expert panel of business leaders, legal minds, and nongovernmental advocates to discuss “The Business of Water.” This conversation was particularly timely, because as climate change alters global weather patterns and the Earth’s population continues to grow and urbanize, water resources are poised to become an ever-increasing point of contention, even in regions where water scarcity has not historically been an issue. Water law and policy is complex, varying regionally, country by country, and even within national borders. As more stakeholders compete for water resources, businesses around the world are changing the way they value water within their business models, and policymakers are looking at new levers to ensure responsible use of this increasingly precious resource.