This paper describes an innovative new World Business Council for Sustainable Development (WBCSD) offering, the Global Water Tool, and its use by and value to international oil and gas companies in identifying, prioritizing, and managing their portfolio global risks related to water acquisition, use, and disposal. The Global Water Tool is a free and easy-to-use tool for companies to map their industrial and non-industrial sites to view a picture of their water uses and risks relative to water availability in their global operations and supply chains. It was created through collaboration between numerous non-governmental organizations and business water experts including several global oil and gas companies. Organizations operating or wishing to operate in multiple jurisdictions will find this tool invaluable for informing strategic decision making at the corporate and business unit level. Additionally, while water challenges and opportunities occur at the local level, there are advantages for companies in employing a comprehensive, strategic approach to evaluating and addressing water risks across their asset portfolio.
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