All hands on deck to build resilience to disasters
Role-players need to recognise that the best chance of building a resilient future is to do so together
As the Western Cape braces for another winter of below-average rainfall, environmental challenges have become the new normal, which demands a new response from business. Climate change, increasing income inequality and political instability are some of the many global challenges prompting companies to seek a better understanding of the risks and opportunities posed to the long-term welfare of shareholders and stakeholders. Research from the Embedding Project, a global public benefit research project, indicates that there is a growing recognition from companies that they need to commit to operating within a set of socio-ecological thresholds that consider longer timelines and have a broader understanding of value creation — and that they have to report their performance on managing these issues. There is also a growing understanding of the central role of business in developing "community resilience", a term that is increasingly finding resonance in SA’s discourse, which refers to a ...