This document discusses future directions for the water industry. It covers topics like the evolution of urban water systems, the triple bottom line of economics, environment and social impacts, and reasons for transitioning to more sustainable practices. These include population growth pressures on resources, learning from international experts, and assessing environmental impacts using tools like life cycle assessment. Yarra Valley Water's response involves moving to closed loop infrastructure and reducing greenhouse gas emissions. Their strategic intent is to provide water and sewerage services that benefit customers and the environment, and lead the global water industry in sustainability.