Why should I use the Water Risk Filter?
It's too easy not to do. The Water Risk Filter provides a structured framework, designed for non-water experts, to EXPLORE the topic of water risk, including geographically, and possible responses on a general level. The ASSESS section provides the water risk assessment tool that covers all relevant elements of water risk, all industries (standard classifications) and all countries of the world. It interprets the best available scientific data as well as your operational data, translating it into risk scores. Then, you can map your assessed facilities or investments on numerous water related map overlays or visualise the results at a site or portfolio level. In the VALUE section, the Valuation Approach Finder will help you identify the most relevant valuation methods and tools meanwhile the Value Potentially Affected Tool will draw from your Water Risk Assessment results, in combination with CDP Water data, to help understand how water risk events can affect financial statements. Finally, in the RESPOND section, a structured set of assessment dependent response recommendations will guide you to take appropriate actions for mitigating risk and developing a water stewardship strategy.
Is the Water Risk Filter tool free to use?
The Water Risk Filter is a free online tool. If you require additional help conducting assessments and interpreting results more holistically then please contact the Water Risk Fiter team, firstname.lastname@example.org, as we can offer a range of services to address your needs. For example, our expert team can produce annual or detailed bespoke risk assessment and response recommendation reports and guidance documents. We are happy to discuss how we can tailor our services in relation to your particular needs and interest.
Does the Water Risk Filter assess business risks for the user or risks for the ecosystem?
The risk indicators cover all elements of water related risks that can have a financial impact on the user. By helping companies better understand water risks and providing them with guidance for action will ultimately help improve freshwater ecosystems.
When should I use the Water Risk Filter?
For a company, the Water Risk Filter can be used to assess water related risks for your own operations, suppliers or growth plans. Regular re-assessments (annually) can show positive or negative trends. Also, it can be used to make strategic (long term) choices on your supply chain. The results of the risk assessment and the provided possible response recommendations will provide you with guidance on where to focus on, including actions and programmes that can be initiated with suppliers, or other companies. For an investor or creditor, a risk assessment can help identify potentially significant risks for your client and therefore your return on investment. This can be done at both the due diligence phase as well as once the client company is part of the portfolio. This information can lead to technical advice to clients on how to better manage waster risk as well as pre-conditions for loans and investments and improvements for less risky investments.
When should I use the rapid or detailed assessment functionality within the tool?
This depends on your needs and data availability. Based on experience with users over the last seven years, we decided to provide a rapid assessment to use more easily available information within a company. If more data is available, or becomes available over time, the rapid assessment can be changed to the full detailed assessment. Data from the rapid assessment is used to complete questions in the detailed assessment and the user can provide additional details to refine both the risk assessment itself as well as the depth of the response recommendations.
Is this another separate water tool?
The Water Risk Filter combines the functionality of some of the existing tools into one tool and provides input for other tools. For example, output of the Water Risk Filter can be used for CDP water disclosure. Furthermore, the Respond section combine toolkits, frameworks and indicators of various organizations such as the CEO Water Mandate Water Stewardship Toolkit, CDP Water Security, Alliance for Water Stewardship Standard, SDGs, etc.
Will it take much of my time to assess water risk?
No, but it depends on how detailed your assessment should be and if relevant information is at hand. In a couple of seconds, you only need to provide three parameters (facility name, industry and location) for a single location or all your locations of interest to carry out the first part of the water risk assessment - the basin assessment. To make the assessment operations specific, a questionnaire (both rapid and full versions are available) needs to be filled in, which you can send in a secured way to facility managers if necessary.
Has the Water Risk Filter been tested?
Yes, thoroughly. It has been reviewed a number of times during the 20-month development process prior to the first launch in 2012, by peer reviews of water experts, by risk management experts from financial institutions and consultancies, and the early Excel model and online tool have been tested with more than 10 financial institutions and businesses. Between 2012 and now more than 3000 users have used the tool and provided feedback. Due to feedback and new data available, the tool has been relaunched with new functionalities and an updated risk framework. The tool is continuously used and we receive regular feedback, enabling us to ensure regular improvements and updates.
Are the risk methodology and the underlying data sources sound?
Yes. The risk methodology has been tested by risk management experts from financial institutions and consultancies. It is based on a multiple-choice system with simple 1-5 scorings and tailored weightings. The underlying data is the best available global or local data source for each single risk indicator. For more information on the data sources used for the global dataset and the local high resolution dataset, please check the Data & Methods section.
Is my data secure? Is WWF or DEG able to use my data?
We take data security very serious as this is vital for the users of the Water Risk Filter. WWF will administer the Water Risk Filter. Once your data is input, only you can view the results and outputs. DEG will only be able to see data related to their own inputs and clients. WWF will be able to monitor the use of the tool and the results of assessments, but will not be able to use this or any company input data unless specifically agreed by that company.
Is long term maintenance of the Water Risk Filter secured?
Yes, WWF ensures to work with its global Network to maintain and host the tools infrastructure and water risk related data. In addition, various WWF National Organizations such as UK, South Africa, Brazil, Colombia, Spain, Hungary and the greater Mekong region have been investing in collecting, preparing and embedding water risk data with higher resolution of their respective countries and regions into the Water Risk Filter.
How can we contribute to support the tool and secure long-term maintenance?
We are interested to hear your feedback on the tool's indicators, risk methodology and other content to improve the tool over time and keep it as the go-to water risk assessment tool. We are open to discuss industry and company contributions to improve particular sections of the tool or to support long-term water risk data and Water Risk Filter infrastructure maintenance.
Can WWF help me with assessing my water risks, valuing and mitigating these risks?
Yes, the WWF Water Risk Filter Team can provide a range of different services (i.e. annual or bespoke risk assessment reports) and tailored guidance to support you with conducting and interpreting results from your risk assessment as well as valuing and mitigating your risks. If you are interested in our services, please contact us via email, email@example.com, or via the feedback form at the bottom of this webpage.
How can I contact the WRF team?
You can contact us via email, firstname.lastname@example.org, or through the feedback form at the lower end of the webpage. For regular updates, follow us on Twitter @WWFWaterRisk and on LinkedIn: https://www.linkedin.com/company/wwf-water-risk-filter/