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Sustainability Risk Management (SRM): An Extension of Enterprise Risk Management (ERM) Concept

Author

Listed:
  • Nazliatul Aniza Abdul Aziz
  • Norlida Abdul Manab
  • Siti Norezam Othman

Abstract

This paper aims to provide an insight of the Malaysian experience in terms of Risk Management practices and the integration of the sustainability as part of the enterprise risk management (ERM). Sustainability has been a paradigm shift in the business operations nowadays. The awareness by most of the companies in the world towards the environmental perils leads to the sustainability development. By emphasizing the sustainability risk management (SRM) and the sustainability agendas as part of corporate strategy, it’s not only effecting on the company’s financial performance but also maintaining the longer term of survival in the industry.

Suggested Citation

  • Nazliatul Aniza Abdul Aziz & Norlida Abdul Manab & Siti Norezam Othman, 2016. "Sustainability Risk Management (SRM): An Extension of Enterprise Risk Management (ERM) Concept," International Journal of Management and Sustainability, Conscientia Beam, vol. 5(1), pages 1-10.
    • Handle: RePEc:pkp:ijomas:v:5:y:2016:i:1:p:1-10:id:1017
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    Citations

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    Cited by:

    1. Najat Shakir Mahmood & Elsadig Musa Ahmed, 2023. "Mediating effect of risk management practices in Iraqi private banks financial performance," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(2), pages 358-377, June.
    2. Agnieszka Czajkowska & Manuela Ingaldi, 2021. "Structural Failures Risk Analysis as a Tool Supporting Corporate Responsibility," JRFM, MDPI, vol. 14(4), pages 1-20, April.
    3. Lorenzo Leto & Diletta Vito, 2023. "Il contributo dei sistemi di RM e PM alla sostenibilit? integrata: il caso B&C Speakers," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(3), pages 113-139.
    4. Ji-Myong Kim & Taehui Kim & Sungjin Ahn, 2020. "Loss Assessment for Sustainable Industrial Infrastructure: Focusing on Bridge Construction and Financial Losses," Sustainability, MDPI, vol. 12(13), pages 1-16, July.

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