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Tools are now publicly available that can potentially help a company assess the impact of its water use and risks in relation to their global operations and supply chains. In this paper we describe a comparative analysis of two publicly available tools, specifically the WWF/DEG Water Risk Filter and the WBCSD Global Water Tool that are used to measure the water impact and risk indicators for industrial facilities. By analyzing the risk assessments calculated by these tools for different scenarios that include varying facilities from different industries, one can better gauge the similarities and differences between these water strategy tools. Several scenarios were evaluated using the water tools, and the results are compared and contrasted. As will be shown, the results can vary significantly.