Managing Water Risk - business response to the risk of climate change in South Africa
This poses an increasing risk to the global economy, environment and society. The private sector is a key player in the search for solutions to address these global water risks, not only because of the potential direct impact on business, but also the opportunities that may arise from better business practices.
There is a need to therefore develop a compelling business case for the private sector in South Africa to develop understanding of their water related business risks and to explore avenues for collective action. Water-related risks will be driven primarily by water scarcity and poor water quality. However, climate change and unsustainable land use practices will exacerbate the situation. Understanding the key drivers of water-related business risks is therefore critical for developing strategic and proactive risk response strategies.