This Framework is a practical tool designed to enhance stewardship of shared water resources in ways that are socially equitable, environmentally sustainable and economically beneficial.
Water is a precious shared resource with high environmental, social, cultural, and economic value.
Our work focuses on supporting the full implementation of our water reporting guidance, both by ICMM members and more widely by our industry. We also seek to develop scalable solutions that allow for sustainable water management at both the operational and catchment levels.
Issue at a Glance
- Access to water is integral to human wellbeing, the spiritual and cultural practices of many communities, and the healthy functioning of the environment. Water is also critical to a myriad of economic activities, including the safe and effective provision of the minerals and metals we use every day.
- Societies around the world are already facing significant water challenges. Climate change is expected to increase the frequency and severity of droughts and floods and worsen current and future stresses on water resources.
- Mining and metals operations depends on water. This dependence can negatively affect the availability of water resources to others, including local communities. ICMM members commit to implement water stewardship practices that support strong and transparent water governance, and effective and efficient water management.
- Strong and transparent corporate water governance includes publicly reporting on water performance, material risks, opportunities, and management response using consistent industry metrics and recognised approaches. Transparent reporting is critical to supporting the information needs of governments, local communities and all actors involved in sustainable resource management.
- In 2021, ICMM updated its water reporting guidance to improve the quality and consistency of corporate water reporting and enhance stakeholders’ understanding of, and ability to use, water reports and associated data.
Apply Strong and Transparent Corporate Water Governance
Globally, there is a clear call for greater transparency and disclosure on water use and management. This is especially true for the mining and metals industry, considering its high-water dependency for mineral processing, dust suppression, slurry transport and employee health. Transparent water use through external reporting is vital for building trust and positive relationships within and between sectors. It is also an important aspect of good governance by providing investors, government, local communities, and civil society with a greater line of sight over companies' water management practices. Currently, we are working with members on implementing the ICMM water reporting commitments to support transparent disclosure of water use and management.
Manage Water at Operations Effectively
There is increasing pressure on the industry to identify and implement improved operational practices that reduce water use, increase efficiency, and eliminate environmental impacts. In this space, we are working to promote operational and technological innovations by sharing approaches that promote effective management of water at operations and the facilitation of collaborative opportunities with key stakeholders to advance water stewardship.
Collaborate To Achieve Responsible and Sustainable Water Use
The catchment-based approach encourages collaboration between sectors and society to improve the stewardship of shared water resources, and direct efforts and resources on delivering positive benefits for people and the planet. As a large water user the mining and metals industry has a particular responsibility to engage proactively with other water users to maximise responsible water usage, at ICMM we are working with members to enable dialogue and build trust with key stakeholders.
Water Stewardship Maturity Framework
Water Reporting: Good Practice Guide (2nd Edition)
Supports the sector in compiling simple and relevant information on water to provide a solid foundation for consistent water reporting.
Shared Water, Shared Responsibility, Shared Approach: Water in the Mining Sector
Shares some of the practical challenges, successes and lessons learned from companies and local partners who have worked to tackle shared water risks and develop shared opportunities.
A Practical Guide to Catchment-based Water Management for the Mining and Metals Industry
Provides a comprehensive and systematic approach for identifying, evaluating and responding to catchment-based water-related risks.
Water Stewardship Framework
Outline of a standardised approach to water stewardship that recognises that water connects an operation to the surrounding landscape and communities.