New guidelines to improve risk governance in water sector

Leigh Stringer at edie.net: New guidelines to help water companies in the international water sector better manage and implement effective risk governance have been published this week.

According to Cranfield University, who developed the guidelines, managing risk and opportunity for water utilities is central to water safety and security, serviceability, profitability, environmental sustainability and improved water quality.

A change in the tone of regulations, increased pressure from customers, financial stakeholders and the added complexity of long term risks such as changing climate, demography and infrastructure renewal are all leading to the need for better risk management.

The publication, 'Risk governance: an implementation guide for water utilities,' provides utility managers and Boards with advice on the implementation of risk management, information on closer engagement with business leaders on issues of risk, improved integration of risk across the business and coordination of risk information within their organisations....

An aerated pool for wastewater treatment in Jakarta, shot by 22Kartika, Wikimedia Commons, under the Creative Commons Attribution-Share Alike 3.0 Unported license