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Exploring the value of integrating green innovations in business
Expanded Title:South Africa faces significant challenges related to water scarcity and poor quality in most of its water supply systems. The growing demand for water, coupled with the deteriorating state of water infrastructure, due to lack of adequate investments, poses significant risks to water users. The resultant risks for business, broadly speaking, can be classified as reputational, physical, regulatory, financial and governance risks. The experience of these risks however varies according to sector. There is increasing recognition by businesses to reduce their water risks through interventions that help to green their operations and value chains in order to respond to the challenges they face. A strategic approach to managing water risk exposure also helps businesses to identify new opportunities and build long-term competitiveness. Due to the fact that water poses a shared risk to business, the public sector and the general public, there is an opportunity to explore measures that promote action by business to create shared value. Green innovations provide an excellent opportunity to create shared value in the context of water management through promoting interventions that result in improved business performance and the broader landscape and socio-economic outcomes. The purpose of this study was therefore to begin to explore the opportunities through which companies could create shared value, by effectively understanding their relationship with water and in turn invest in interventions that add value both to the business and to their broader stakeholders. We envision this report being used by corporate organizations as a guide in assessing the water risks in their value chains and to consider possible interventions. We also envision the report being used, although to a lesser extent, by government to understand the context of water management in business, which in turn can inform policy.
Date Published:01/04/2016
Document Type:Research Report
Document Subjects:Ecosystem - Resource Economics, R & D - Research capacity
Document Format:Report
Document File Type:pdf
Research Report Type:Standard
WRC Report No:2349/1/16
ISBN No:978-1-4312-0769-5
Authors:Amis M; Solomon N
Project No:K5/2349
Originator:WRC
Document Size:1 008 KB
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