In late 2013, IPIECA co-hosted a webinar and workshop with the Global Environmental Management Initiative (GEMI) focused on water risk assessment tools. A summary was developed to provide companies with an insight into the benefits of using these tools.
IPIECA and GEMI developed a unique set of interrelated water tools, which companies may use in their efforts to sustainably manage water:
- IPIECA Global Water Tool (GWT) for Oil and Gas (2011), a customised version of the World Business Council for Sustainable Development (WBCSD) Global Water Tool
- The GEMI Local Water Tool (LWT)™, and
- The GEMI LWT™ for Oil and Gas (2012).
The webinar and workshop featured testimonials and case studies, interactive breakout sessions, and facilitated discussions around key considerations for applying the tools based on the experiences gained by companies over the past two years. These key learnings have been summarized to assist new and current users in implementing emerging good practices that will result in effective and comprehensive water risk assessment for their companies.