Tool 9 – Understand the Operation’s Catchment Risks
Tool 9 helps prioritise the operation’s water risks in the catchment across its life cycle.
Step Guide
STEP
1
Identify water-related risks
- Download Figure 6 (p40) to view commonly encountered water risks – this is not an exhaustive list but serves as a potential framework
- Where a company has its own water-related risk categories, it is appropriate to use these
STEP
2
Assess the pathways associated with the key risks
- Assess the causes and consequences of water risks
- What are the direct risks that are likely to impact the operation
- What are the indirect risks associated with the operation’s activities
- What are the broader catchment risks that may affect operations?
STEP
3
Prioritise and identify material risks
- Download Figure 7 (p42) to view an example of a bow-tie risk assessment
- Operations should rank the magnitude of water risks through the use of existing internal risk assessment processes
- Ensure risk assessments are included in financial risk management
Top Tips:
Download (p41) further considerations and resources to help Step 2.
Community, Economics, Environment, Ethical Business, Management, Rehabilitation
Understanding the operation’s catchment risks
A hypothetical example of understanding and finding solutions to catchment risks