ABOUT 70% of South African companies surveyed believe they are at direct risk from water scarcity, according to the 2011 Water Disclosure Report released this week.
"Water scarcity is a significant risk for South African companies," the National Business Initiative said in a statement on the report it helped compile.
Twenty-six South African companies took part in the survey. The survey found water issues were not receiving the same attention as climate change at board level.
One-third of companies did not exercise board level oversight of water issues, compared to 90% of companies that dealt with climate change at board level. According to the survey, few companies were setting concrete, quantitative targets relating to water.
South Africa could suffer from a water supply shortage by 2030.
The report found that some of the country's most economically important catchment areas would be worst affected.
Fifty-six of the JSE's top 100 companies in South Africa and leading companies in Australia were invited to participate. The two countries were selected because they are particularly water-stressed.
Water shortage likely in SA by 2030
ABOUT 70% of South African companies surveyed believe they are at direct risk from water scarcity, according to the 2011 Water Disclosure Report released this week.
"Water scarcity is a significant risk for South African companies," the National Business Initiative said in a statement on the report it helped compile.
Twenty-six South African companies took part in the survey. The survey found water issues were not receiving the same attention as climate change at board level.
One-third of companies did not exercise board level oversight of water issues, compared to 90% of companies that dealt with climate change at board level. According to the survey, few companies were setting concrete, quantitative targets relating to water.
South Africa could suffer from a water supply shortage by 2030.
The report found that some of the country's most economically important catchment areas would be worst affected.
Fifty-six of the JSE's top 100 companies in South Africa and leading companies in Australia were invited to participate. The two countries were selected because they are particularly water-stressed.
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