The document discusses water stewardship and the Alliance for Water Stewardship (AWS). It defines water stewardship as the use of water that is socially equitable, environmentally sustainable and economically beneficial. The AWS works with businesses and other organizations to adopt a catchment-based approach to water management through a voluntary standard. The standard is a six step process that businesses can follow to understand their water use impacts and risks and engage local stakeholders to develop management plans tailored to the specific catchment context. The document provides several case studies of businesses in different industries that have benefited from the AWS approach.