Sustainability and enterprise risk management: The first step towards integration
An organization’s enterprise risk management function plays a critical role in monitoring and managing the risks and opportunities that stem from the internal and external forces that can impact a company’s profitability, success or even survival.
Risk management experts across academic and consulting institutions alike perceive that the impact of economic and legal risks on a business and society are steadily giving way to a raft of existing and emerging social and environmental risks. And yet there is evidence that the effectiveness with which organizations are identifying, managing and disclosing these risks is limited.
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