How does the company track the effectiveness of its policies and actions related to water and marine resources through defined targets, in accordance with the requirements set out in ESRS 2 MDR-T?

When describing targets related to water and marine resources, ensure that the description meets the information requirements outlined in ESRS 2 MDR-T on Tracking effectiveness of policies and actions through targets. Include the following: Target Definition: Define the targets your company has set to address water and marine resource-related impacts, risks, and opportunities. Examples of targets might include reducing water consumption, improving water efficiency, reducing water pollution, or protecting marine ecosystems. Measurability: Specify how the progress of each target will be measured. This could include key performance indicators (KPIs) such as: Water consumption per unit of production Reduction in water pollution levels Percentage of water recycled or reclaimed Increase in water efficiency or conservation Ensure that the targets are SMART (Specific, Measurable, Achievable, Relevant, Time-bound). Timeframe: Clearly state the timeframe for achieving each target. For example, set short-term, medium-term, or long-term goals (e.g., 1 year, 3 years, 5 years). Responsibility and Accountability: Identify the departments or teams responsible for achieving these targets (e.g., sustainability team, water management team, operations). Indicate any individuals or leadership roles directly accountable for overseeing the implementation and monitoring of these targets. Progress Monitoring and Reporting: Describe how your company will monitor progress towards the targets. This may include periodic reviews, internal audits, or regular updates on water usage, efficiency, and conservation efforts. Specify how the targets will be reported to stakeholders, such as through sustainability reports or annual performance reviews. Adjustments and Updates: Explain the process for adjusting the targets if necessary. This might involve reviewing progress and, if conditions change (e.g., regulatory shifts, new water availability data), setting new goals or modifying existing ones. Ensure that your targets are well-defined, aligned with your company’s water management policies, and are backed by clear metrics and timelines to track progress. This ensures accountability and transparency in your water-related sustainability efforts.