The guidance clarifies currently used terminology in the water stewardship space and presents users with a streamlined water stewardship action scheme that synthesises water frameworks and disclosure standards for the energy sector.
The water stewardship action scheme is structured around the Alliance for Water Stewardship’s 5 water stewardship outcomes:
- Sustainable water balance
- Good water quality status
- Good water governance
- Important water-related areas
- Safe water, sanitation and hygiene for all
The water stewardship action scheme also incorporates Ipieca’s previously developed water mitigation hierarchy: avoid, replace, reduce, reuse/recycle, replenish.
Pairing recommended actions with recommended indicators to measure progress, the document offers an excellent starting point for environmental, social and governance reporting in water stewardship, and ultimately provides a useful resource for energy companies looking to address their current and future water challenges.
