Our water risk management approach
Our Water Stewardship Policy (PDF, 0.5 MB) sets out the commitments we are making to protect and conserve water resources through management practices and governance systems.
Our water risk management approach is inspired by a six-step methodology advocated by the European Water Stewardship Standard (PDF, 0.5 MB), the Alliance for Water Stewardship Standard and the ABG Technical Standard (Water Management):
Our recognition that risks must be assessed.
Water Stewardship Policy PDF, 0.5 MB
Our experts collate site-specific water balance data, an inventory of water challenges, and an understanding of water conveyance and treatment systems.
Water risk assessment
We carry out a generic water risk assessment, coupled with a detailed local source vulnerability assessment.
Water risk mitigation plans (WRMPs)
We develop the plans required for both internal and external mitigation.
Implement and monitor WRMPs
We deploy the plans, including internal actions and external engagement, tracking progress.
We report on our progress, both internally and externally.
We have recently integrated our water risk management approach into our wider Enterprise Risk Management (ERM) strategy, while high-risk sites are now incorporating WRMPs into their Business Continuity Plans. These mitigation plans identify both existing and additional strategies for managing critical water risks. New mitigation measures are actioned with deadlines set for completion, while existing risk and mitigation strategies are reviewed at least annually through our ERM process.