​As water risk becomes a material business concern, companies face growing pressure to measure and manage their water impacts consistently. The emerging Water Scopes 1, 2, and 3 Guidance provides a common framework for assessing water dependencies, impacts, risks, and opportunities across operations, energy use, and value chains. Inspired by greenhouse gas accounting but tailored to water's local nature, Water Scopes enables more consistent reporting and decision-making. ​This session explores how organizations can use Water Scopes to identify risk, strengthen supply chain resilience, prioritize investments, and prepare for evolving disclosure expectations. Panelists will discuss implementation challenges and practical first steps, helping attendees understand how water accounting can support stronger strategy, stewardship, and long-term value creation.