Sustainability risk management: an integrative framework to evaluate emerging risks and other non-quantifiable risks affecting company survival
by Norlida Abdul Manab; Nazliatul Aniza Abdul Aziz; Diara Md. Jadi
World Review of Science, Technology and Sustainable Development (WRSTSD), Vol. 16, No. 2, 2020

Abstract: The importance of sustainability risk management (SRM) in managing emerging risks and other non-quantifiable risks has recently been the subject in many discussions. The debate focuses on the flaws of the risk management programme, which excluded sustainability risk in the risk assessment. Thus, this study attempts to develop an SRM framework for company survival by adopting the triangulation approach which integrates both quantitative and qualitative methods to identify the key components of an SRM framework. A total of 88 respondents from public listed companies participated in the survey and four companies were interviewed. The findings highlight that stakeholders' expectations, board and senior management risk oversights, resources and capabilities, risk assessments and methods, and risk reporting are the key factors in developing an SRM framework. As a general conclusion, this study develops a generic SRM framework which is applicable to all types of companies, irrespective of its size or business type.

Online publication date: Mon, 21-Sep-2020

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the World Review of Science, Technology and Sustainable Development (WRSTSD):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email