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A structured approach to energy risk management for the South African financial services sector

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dc.contributor.advisor Young, J.
dc.contributor.author Botha, Erika
dc.date.accessioned 2018-01-26T12:38:30Z
dc.date.available 2018-01-26T12:38:30Z
dc.date.issued 2017-07
dc.identifier.uri http://hdl.handle.net/10500/23560
dc.description.abstract Energy conservation, efficiency and renewable energy have become a vital part of everyday life and business. The increase in energy cost and the consequences of greenhouse gas emissions necessitates energy management and in particular energy risk management within organisations. Organisations need to manage the possible negative effect that the increased costs will have within the organisation. The present research investigated the introduction of a structured approach to energy risk management within the financial services sector of South Africa. The research followed a quantitative, non-experimental research design by using a structured questionnaire. The questionnaire was sent to managers within the financial services sector. The research investigated the criteria for the implementation of a structured approach to energy risk management such as organisational requirements (culture, corporate social responsibility, management, and finance), governance, energy strategies (energy conservation, efficiency and renewable energy), risk identification, risk management and lastly communication and review. The research found that the structured approach to energy risk management should include the context within the organisation namely organisational requirements, governance and energy strategies. Thereafter the risks within the energy strategies need to be identified, analysed and evaluated, and control measures need to be implemented. It is important to monitor the various energy strategies continuously in order to identify corrections and implement preventative actions. The strategies need to be reviewed and communicated in terms of the various strategies to all stakeholders within the organisation in order to set continual improvement plans. Risk management should form part of the energy management strategies of organisations. The research showed that energy risk management plays an important role in the overall business strategy and that the vast majority of financial services organisations have already implemented some form of energy management. There are however aspects that are still lacking within management strategies that need attention. en
dc.format.extent 1 online resource (xvii, 235 pages) : illustrations (some color)
dc.language.iso en en
dc.subject Energy risk management en
dc.subject Risk management en
dc.subject Corporate social responsibility en
dc.subject Management en
dc.subject Culture en
dc.subject Energy conservation en
dc.subject Energy efficiency en
dc.subject Renewable energy en
dc.subject Energy policy en
dc.subject Governance en
dc.subject.ddc 658.260968
dc.subject.lcsh Risk management -- South Africa en
dc.subject.lcsh Financial institutions -- Risk management -- South Africa en
dc.subject.lcsh Energy facilities -- South Africa en
dc.subject.lcsh Sustainable development -- South Africa en
dc.subject.lcsh Climatic changes -- Economic aspects -- South Africa
dc.subject.lcsh Energy policy -- South Africa en
dc.subject.lcsh Power resources -- Law and legislation -- South Africa en
dc.subject.lcsh Climatic changes -- Risk management -- South Africa en
dc.subject.lcsh Renewable energy sources -- Government policy -- South Africa en
dc.subject.lcsh Social responsibility of business -- South Africa en
dc.subject.lcsh Strategic planning -- South Africa en
dc.title A structured approach to energy risk management for the South African financial services sector en
dc.type Thesis en
dc.description.department D. Phil. (Management Studies)
dc.description.department Business Management


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