{"id":177,"date":"2015-02-18T21:41:58","date_gmt":"2015-02-18T21:41:58","guid":{"rendered":"http:\/\/disc.timberlinelabs.com\/?page_id=177"},"modified":"2015-12-30T22:07:31","modified_gmt":"2015-12-30T22:07:31","slug":"compliance","status":"publish","type":"page","link":"https:\/\/ceowatermandate.org\/disclosure\/develop\/detailed-disclosure\/compliance\/","title":{"rendered":"Compliance"},"content":{"rendered":"

Compliance with water-related regulations as well as with voluntary standards or industry benchmarks may be used as a proxy for understanding a company\u2019s approach to managing water resources. For instance, companies that experience relatively few incidents of noncompliance over time are less likely to have negative impacts on communities and ecosystems and thus less exposure to reputational risk.<\/p>\n\n\n\n\n\n\n\n
<\/th>\nContent<\/th>\nScope<\/th>\nFormat<\/th>\n<\/tr>\n<\/thead>\n
Basic<\/b><\/td>\n\nCompanywide<\/td>\nTabular; quantitative<\/td>\n<\/tr>\n
Advanced<\/b>(includes basic reporting)<\/td>\n\n
    \n
  • Adoption of internal and\/or voluntary sustainability standards<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n
    \n
  • Water-related regulatory compliance violations in the value chain<\/li>\n<\/ul>\n<\/td>\n
Value chain<\/td>\nNarrative; qualitative<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

BASIC<\/h3>\n

Percent of facilities with a water-related regulatory compliance violation<\/h4>\n

Basic reporters discuss the extent to which they comply with water-related regulations (typically pertaining to water quality<\/a>, but sometimes also to water quantity), providing information on the percent of facilities with any regulatorycompliance violations<\/a> incurred and the total monetary amount paid in associated fines and penalties.<\/a> Companies should report all violations regardless of whether they are administrative (and therefore not likely to create negative impacts). Incidents that do indeed create impacts but do not result in a regulatory violation should be reported as External Impacts<\/a>.<\/p>\n

Companies can also augment companywide compliance information by providing detailed information on their violations in tabular format, covering the following information:<\/p>\n

    \n
  1. The company entities (e.g., subsidiaries, joint ventures) or entities in the value chain (e.g., suppliers) that face significant risks, opportunities, or impacts related to the topic The geographic or geopolitical area(s) where the topic in question is material<\/li>\n
  2. The significant risks, opportunities, and impacts related to the topic Stakeholders for whom the topic is important<\/li>\n
  3. The extent to which the company can influence the risks, opportunities, and impacts related to the topic<\/li>\n
  4. Where the topic is reported (e.g., a specific page in the company\u2019s sustainability report or on its website<\/li>\n<\/ol>\n

    ADVANCED<\/h3>\n

    Adoption of internal and\/or voluntary sustainability standards<\/h4>\n

    Many companies strive to meet performance standards that are voluntary as a way of achieving and demonstrating good performance. Third-party voluntary standards and guidelines that may be reported on include:<\/p>\n