Water Sustainability of Selected Mining Companies in South Africa

Theresa M. Askham and Huibrecht M. Van der Poll
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Theresa M. Askham: Management Accounting, University of South Africa, Unisa 0003, South Africa
Huibrecht M. Van der Poll: Graduate School of Business Leadership (SBL), University of South Africa, Unisa 0003, South Africa

Sustainability, 2017, vol. 9, issue 6, 1-16

Abstract: Many parts of the world, and South Africa specifically, are facing a water crisis, not only because of the scarcity of water, but also the quality of the available water. Apart from agriculture, industry is viewed as the second largest user of water and can, therefore, have a significant impact on the saving of water. The purpose of this research is to investigate how selected South African listed mining companies are measuring, managing, and disclosing their water risks, as well as engaging with stakeholders. The selection of the mining companies was made using the companies with the highest market capitalisation figures of those that have a primary listing on the Johannesburg Stock Exchange (JSE). The sustainability/integrated/annual reports for 2013 were reviewed using the Ceres Aqua Gauge™ (Boston, MA, USA) as the framework. The findings of this research were that the selected mining companies had grasped the seriousness of the water crisis in South Africa, and the effects it will have on their businesses in future. Most concerning was the activities relating to water management in the supply chain; all of the selected mining companies were found to have no evidence of this in their reports, subsequently this is an area that needs to be addressed in future research.

Keywords: water sustainability; South Africa; mining; Ceres Aqua Gauge™; measurement; management; engagement; disclosure; water risk (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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