Corporate water disclosure guidelines launched by UN
28 Aug 12 by desalination
An attempt to build a common approach to water-use disclosure by companies has been launched by the UN Global Compact’s CEO Water Mandate.
Unveiled at the Stockholm Water Week in Sweden on 27 August 2012, the Corporate Water Disclosure Guidelines provide the first-ever common approach to what is a critical component of a company’s water management efforts and general water sustainability.
The UN CEO Water Mandate says that companies are fundamentally changing the way they address water. Increasingly, they are investing in water-efficient technologies, working with suppliers to encourage more responsible water use, introducing cleaner and more efficient products, and seeking to advance sustainable water management “outside their fencelines” as a way to mitigate water-related risks and impacts.
The new guidelines were developed in collaboration with the Pacific Institute, Carbon Disclosure Project, PricewaterhouseCoopers, World Resources Institute and Global Reporting Initiative. They offer a common approach to disclosure, putting forward metrics that can begin to harmonize practice and also providing guidance to help companies define report content.
The guidelines suggest that companies offer several types of water-related information, which are captured in the guidelines’ Corporate Water Disclosure Framework. The framework builds on three areas:
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