According to experts, a water strategy is a key element of ESG reporting

Sustainability leaders in the oil and gas sector must be able to understand, mitigate, and communicate about their companies’ water-related risks, impacts, and opportunities.

Practical approaches are needed to manage difficult scenarios such as water scarcity and increasing regulatory emphasis on freshwater use.

To do this, companies need a water strategy.

Join Kim Sturgess, CEO and Founder of WaterSMART Solutions Ltd. and Edwin Piñero, Special Advisor, WaterSMART in a new course on February 9 designed to help oil and gas professionals better understand and articulate their water-related risks, as well as the actions needed to mitigate those risks.

The course brings together all aspects of water, including business risks and opportunities, the process of developing a water strategy, and how to use tools and metrics to embed the strategy in your business and link it to your ESG report and stakeholder engagement.

“Most of the streams are about practical issues and regulatory issues,” Sturgess said. “There is no course on the market that pulls together all the practical and regulatory issues into one commercial solution – a good solid risk assessment based on your context in your region. This is something we hope to communicate in the course as well. In the end, it’s all about risk management.

By completing the course, learners will develop practical approaches to managing regulatory changes and challenging water-related scenarios. They will hear examples of how having a water strategy has helped other businesses and the names and basic functions of some existing tools to support water strategy development and implementation. the water.

“We will share tools that will help you identify key issues and communicate them in a way that stakeholders understand, including the community, Indigenous partners and government,” Sturgess said.

Piñero is a former director of sustainability at the US White House. He helped develop and evolve the Alliance for Water Stewardship, a global standard that defines the elements of a management system approach to implementing a water management strategy, and one of the tools available to support a water strategy.

“Companies usually say they have a water strategy, but the question is when do we explore what we would often find as a field-based operational strategy,” Sturgess said.

“The key here is being able to link the operational aspects of water to the strategic and reporting aspects,” she said. “Because when those are connected, then you’re doing what you said you were going to do, and what you’re doing is the right thing. Attach these pieces together. We haven’t seen anywhere else where this has been done effectively.

“It’s no longer enough to treat it as an operational issue,” she said. “You have to see it in a bigger context.”

To find out more or to register for Introduction to Developing a Corporate Water Strategy in the Oil and Gas Sector Click here.

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