A Novel Approach to Risk Stratification: Stage 1 Report
report
posted on 2025-02-13, 22:37 authored by Simon FaneSimon Fane, Alison AthertonAlison Atherton, Pierre MukheibirPierre Mukheibir, Joanne Chong, Stuart WhiteStuart White, Alexandra ButlerAlexandra Butler, Andrea TurnerAndrea TurnerThe conclusions of the report consider how the novel risk stratification approach might be applied more generally across Water Corporation’s corporate risks, could improve consideration of risk appetite by the Board, might prove a useful lens for risk manager in the organisation and be taken forward in next steps to improve risk reporting to the Board.
Funding
Risk Stratification for Water Corporation [19189] : Water Corporation
History
Publisher
Institute for Sustainable Futures, University of Technology SydneyPlace of publication
Prepared for Water Corporation by UTS-ISFResearch statement
Research background: This research project commissioned by Water Corporation, Western Australian (WA) had the goal of improving the organisation’s risk management framework. Research contribution: The project was led by the Institute for Sustainable Futures (ISF) at the University of Technology Sydney (UTS). Employing a flexible research design, the research team considered approaches to risk prioritisation and stratification from outside the realms of traditional risk management in the water industry. With no obvious candid methods to transplant, the ISF and Water Corporation project team then developed a novel approach to risk stratification that would be meaningful across Water Corporation’s business, and that would enhance existing risk management processes. Research significance: The conclusions of the report consider how the novel risk stratification approach might be applied more generally across Water Corporation’s corporate risks, could improve consideration of risk appetite by the Board, might prove a useful lens for risk manager in the organisation and be taken forward in next steps to improve risk reporting to the Board.UN Sustainable Development Goals
- Goal 12: Responsible Consumption and Production
- Goal 11: Sustainable Cities and Communities
- Goal 06: Clean Water and Sanitation
