Managing corporate sustainability: Risk management process based perspective

Abstract

Sustainability risk management requires holistic and systematic integration of ecological, socioeconomic, and corporate risk factors in the business management. This paper presents an integrative conceptual framework for sustainability risk management in enterprise-wide. The development of this integrative framework is accomplished by tailoring of the enterprise risk management framework. In this paper, the conceptual model to corporate sustainability is offered as the specific management and organizational system to both manage and integrate the corporate goals in order to create economic and financial value and awareness of environmental and social responsibility.