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1.2 Lisa French

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1.2 Lisa French

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

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