Big picture In the age of corporate social justice, sustainability risk management can help firms make better choices for the planet while staying competitive.
Why it matters
- Identify the effects of sustainability issues on internal and external stakeholder value.
- Actively include sustainability in objective setting and cascading objectives across the levels of the organizational hierarchy.
- Develop concrete support for identifying, assessing, and managing economic sustainability risks.
Bottom line Sustainable risk management is the most effective and realistic strategy for creating a sustainable economy, as it allows companies to achieve the best of both worlds: financial success and climate risk mitigation.