BSR Insight | New Tool Helps Companies, Investors Assess Water-Related Risks
The Ceres Aqua Gauge, an Excel-based tool to help companies and investors assess water-related risks and opportunities, allows investors to score a company's water-management activities using a four-tiered rating system: no action, initial steps, advanced progress, and leading practice.
The tool assesses how well companies perform in the following categories:
Measurement: It looks at how well a company gathers and monitors data related to regulatory compliance, water use and discharge, and environmental and social impacts on water sources. It also assesses how well a company identifies and quantifies direct and indirect operational water risks.
Management: The tool shows how well a company establishes accountability for water issues at the board, senior management, and public policy level; sets performance standards and goals; and integrates water into decision making.
Stakeholder engagement: This demonstrates how well a company engages with stakeholders on water-related issues.
Disclosure: Finally, it shows how the company discloses water-related risks, data in financial filings, and audited or assured water-related data.
The accompanying report lays out a step-by-step framework to help companies develop comprehensive water strategies.
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