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Corporate water risk in South Africa
Expanded Title:The objective of the project is to scope and investigate aspects of shared risk between private and public sector in South Africa and to frame the synergies and opportunities for cooperative engagement or partnership in mitigating these risks in the context of water for growth and development. There is an increasing consensus in the international water scientific and development communities that water scarcity will increase dramatically in many parts of the world in the next 20 to 30 years, which will have significant social, political, and economic consequences. In South Africa, these factors increase the challenge of managing South Africa’s limited water resources requiring consideration of the nature of water as a development catalyst or possible constraint on sustainable economic growth which is the premise of the Water for Growth and Development (WfGD)strategy and the foundation for other government initiatives such as the Green Economy strategy. This concept explores the way in which the water sector contributes to economic, social, and environmental imperatives often focusing on the relationship between government and the private sector. As a result of this increasing global risk around water, the private sector has begun to actively engage with water risk and management through local interventions in operations and participation in the international debates in this space. Large global corporates have encountered significant and variable water related risk, which has prompted this engagement motivated by operational crises, supply chain failures, brand management, and broader corporate social responsibility. From these engagements the concept of shared risk has emerged arguing that there are a number of commonalities in government and private sector exposure to water-related risks. Corporate engagement of water risk has specific characteristics in the South African context due to the nature of institutional framework and infrastructure base for water management as well as challenges associated with redressing historical inequalities. Large corporates, including SASOL, Anglo-American, SAB-Miller, ESKOM, Standard Bank, and Woolworths whose experiences are reflected herein, have each begun to engage water risk beyond their operations in different ways to varying degrees based on the extent of risk, the reputation of the company, the impact on operations, and the corporate resources available.
Date Published:01/03/2011
Document Type:Research Report
Document Subjects:Water Resource Management/IWRM - Planning and development
Document Keywords:Policy and regulation, Economy
Document Format:Report
Document File Type:pdf
Research Report Type:Consultant
WRC Report No:KV 265/10
ISBN No:978-1-4312-0086-3
Authors:Pegram G; Eaglin FC
Project No:K8/927
Originator:WRC
Organizations:Pegasys Strategy & Development (Pty) Ltd
Document Size:2 492 KB
Attachments:EXECUTIVE SUMMARY KV 265.pdf
Table of Contents KV 265.pdf
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