Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

1.2 Lisa French


Published on

  • Be the first to comment

  • Be the first to like this

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 />