3 The city of Cape Town has been awarded a Medal of Honor at the 5th Guangzhou International Awards for Urban Innovation for its association with the Western Cape Industrial Symbiosis Program (WISP), delivered by GreenCape. The awards recognize innovation that improves social, economic and environmental solutions in cities and regions. The city-funded program was recognized for developing mutually profitable links between companies in all industrial sectors, so that underused and waste resources from one company can be reclaimed, reprocessed, and reused by others.
5 It is a solution that allows participating companies to reduce costs, improve processes, create new streams of income and job opportunities, all while positively impacting the environment through the reuse of waste.
6 “I am exceptionally proud that the City’s partnership and GreenCape funding for the implementation of WISP has resulted in a successful model of economic and environmental sustainability and that it is receiving the level of global recognition it deserves,” said the councilor. James Vos, Mayor’s Committee. Member for Economic Growth.
8 ‘Our WISP team at GreenCape reaches out to businesses and industry, organizes meetings and site visits, and ultimately facilitates the business relationship. The program shows that Cape Town is a leader in developing a circular economy, ”said Mulcahy.
9 The city was shortlisted in the Top 15 earlier this year, out of 273 initiatives from 175 cities and local governments in 60 countries and regions.
10 In the last eight years, WISP has resulted in:
11 119,000 tonnes of waste diverted from landfills; 362,000 greenhouse gas emissions saved (equivalent to the annual electricity consumption of 46,600 households in SA); More than R134 million generated in financial benefits (additional income, cost savings and private investments); 69 permanent jobs have been created at member companies, as well as 25 temporary jobs and 265 jobs across the economy in supply chains.
12 “WISP is an example of the impact of simple but innovative solutions that create jobs and a cleaner environment,” said Councilor Vos.
13 For more information, visit: http://www.guangzhouaward.org/