Respond and adapt to water risks and opportunities

A water strategy prepares businesses to respond, adapt, and lead as risks and opportunities emerge around this essential resource, says a leading water expert.

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 risks, and the actions needed to mitigate these risks.

The course brings together all aspects of water, including the risks and the opportunities for business, the process for developing a water strategy and how to utilize tools and metrics to integrate the strategy into your business and tie it to your ESG reporting and stakeholder engagement.

“Most water courses are on the practical matters and regulatory matters,” said Sturgess. “There is no course in the market that pulls all the practical and regulatory matters into a business solution ­– a good strong risk assessment based on your context in your location. That’s something we hope to be able to communicate in the course as well. In the end, it's all about risk management.”

By taking the course, learners will develop practical approaches to manage regulatory changes and challenging scenarios such as water shortages, floods and changes in water quality. They will hear examples of how having a water strategy has aided other businesses and the names and basic functions of some existing tools to support water strategy development and implementation.

“We are going to share some tools that will help you to identify the key issues and communicate them in a way that is understandable to the stakeholders including the community, indigenous partners and government,” said Sturgess. 

Piñero is a former chief sustainability officer in the U.S. White House. He helped to develop and scale the Alliance for Water Stewardship, a global standard that defines the elements of a management system approach to implement a water stewardship strategy, and one of the tools available to support a water strategy.

“Companies commonly say they have a water strategy, but the question is when we dig in what we would often find it is a field-based operational strategy,” said Sturgess.

“The key here is to be able to tie the operational aspects of water to the strategic and reporting aspects,” she said. “Because when these are connected, then you're doing what you said you were going to do, and what you’re doing is the right thing. Tying those pieces together. We have not seen anywhere else where that has been done effectively.”

“It is no longer good enough to treat it as an operational issue,” she said. “You have to look at it in a broader context.”

To find out more or to register for Introduction to corporate water strategy development in oil and gas click here.  

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