South West Water scoops award for Upstream Thinking
South West Water's flagship environmental programme has been recognised for leading the way in business sustainability.
Upstream Thinking, an innovative project to restore wetlands and promote environmentally sensitive farming, scooped the large business award at the Finance for the Future Awards on Tuesday 19 June in London.
The award acknowledges the positive environmental impact of Upstream Thinking and South West Water's reputation as a leader and innovator in a highly regulated industry.
The awards, founded by Institute of Chartered Accountants in England and Wales (ICAEW), NatWest and The Prince's Accounting for Sustainability Project (A4S), are designed to celebrate financial leadership in business sustainability and reward organisations that have changed their corporate behaviour to embed business sustainability.
The judges said: "The Upstream Thinking project involves working with nature to improve water quality and meet growing demand rather than using traditional, intensive water treatment approaches. The project's success requires collaboration across the business, including a need for strong leadership from the finance team, to realise tangible benefits for all stakeholders."
South West Water's Finance and Regulatory Director Susan Davy said: "It is an honour to be recognised in this way and we are incredibly proud to be working with our partners to make a significant impact on the environment.
"Leadership from the finance function is vital. We needed to develop the financial case to ensure approval in the business planning process. This helped us deliver and implement our environmental programme within a robust and innovative framework.
"Sustainability remains at the heart of our operations and we are committed to demonstrating the value of working in this innovative way across the business."
Upstream Thinking was commended in Defra's Water White Paper last year and won the 2012 Partnership Initiative of the Year award at the Water Industry Achievement Awards.
The project is delivered in partnership with a range of organisations including the Westcountry Rivers Trust, Dartmoor National Park Authority, Exmoor National Park Authority, Devon Wildlife Trust, Cornwall Wildlife Trust and the Environment Agency.
For more information about Upstream Thinking, please go to www.upstreamthinking.org.
Published: 21 June 2012
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