We are working with WWF to develop a new methodology for conducting water stewardship assessments across our mills at the water catchment level. The methodology is informed by the Alliance for Water Stewardship8 standard and considers the exposure of each mill to water-related risks using WWF�s Water Risk Tool.9 We have assessed the physical, regulatory and reputational risks for each mill, along with the potential risks they pose to the surrounding water basin. As a result, we have defined four categories of water stewardship, based on the AWS Standard V2.0.10 These categories can be applied to our mills and any forestry and converting operations that are considered significant water users by way of a graduated approach to implementing water stewardship actions.