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  • 1. Canadian Water Summit
    Reporting on
    Water Management Issues
    June 17, 2010
  • 2. REGULATIONS & GUIDANCE
    United States
    SEC’s Interpretive Guidance on climate change disclosure:
    Changes in the availability or quality of water … can have material effects on companies
    Companies to disclose material impacts of:
    • Laws and regulations
    • 3. International treaties
    • 4. Business trends
    • 5. Physical changes to natural environment
  • REGULATIONS & GUIDANCE
    Canada
    NI 51-102 requires communication of environmental matters in continuous disclosure documents
    OSC to issue guidance on environmental disclosure requirements by Dec 2010
    CICA provides related MD&A guidance
  • 6. VOLUNTARY REPORTING
    Carbon Disclosure Project
    Water Disclosure request to be sent to 302 companies in high risk or water‐intensive sectors
  • 7. VOLUNTARY REPORTING
    Global Reporting Initiative
    EN8 Water withdrawal by source
    EN9 Water sources affected by withdrawal of water
    EN10 Percentage/volume of water recycled/reused
    EN21 Water discharge by quality and destination
    EN25 Identity, size, protected status, and biodiversity
    value of water bodies and related habitats
    significantly affected by the organization’s
    water discharges/runoff
  • 8. VOLUNTARY REPORTING
    Global Reporting Initiative
    EN8 Water withdrawal by source
    Water Recycled (000 m3)
    In 2009, we recycled 83% of all water used in our processes.
  • 9. PROSPECTIVE DISCLOSURE
    Suncor – 2009 Sustainability Report
    “Suncor recently adopted a 10-year water management plan designed to recycle and reuse larger amounts of wastewater and tailings water, reducing our need to withdraw river water. This plan identifies costs greater than $500 million to execute…”
  • 10. RECENT DEVELOPMENTS
    Integrated Reporting
    GRI: Standardized Integrated Reporting should be developed, tested, and commonly adopted by 2020
    MOU signed by IFAC and Accounting for Sustainability
    International Integrated Reporting Committee formed