Tool 1 – Reviewing Water Stewardship for Your Company
Effective stewardship of water resources has become a priority across the mining and metals sector. In reviewing what it means for your company, it is important to understand the local context, current policies/strategies in place and internal capacity for addressing water risks at a catchment scale. Aligning to a clearly stated corporate objective will secure support and buy-in across the business.
This tool aids understanding of how water risks may be incorporated into corporate risk management, strategies and reporting.
Step Guide
STEP
1
Review current corporate sustainability strategies, annual sustainability reports and water management strategies
STEP
2
Identify guiding principles already used in environmental and cumulative impact assessments, environmental management systems or internal company water standards and management practices
STEP
3
Look at how operational risks imposed by external factors are effectively managed, and what plans are in place if these events occur
STEP
4
Consider recent statements by leadership on the issue of water management and stewardship
STEP
5
Consult with company experts or centres of excellence to discover what leading practice in holistic water management means for their organisation
STEP
6
Submit corporate water submission to disclosure platforms such as the CDP or the Global Reporting Initiative