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

Authors

  • Nazliatul Aniza Abdul Aziz Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Sintok, Kedah, Malaysia
  • Norlida Abdul Manab School of Economics, Finance and Banking, Universiti Utara Malaysia, Sintok, Kedah, Malaysia
  • Siti Norezam Othman School of Technology Management and Logistic, Universiti Utara Malaysia, Sintok, Kedah, Malaysia

DOI:

https://doi.org/10.18488/journal.11/2016.5.1/11.1.1.10

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.

Keywords:

Sustainability, Enterprise risk management (ERM), Sustainability risk management (SRM), Corporate governance, Company’s survival, Malaysia

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Published

2016-01-22

How to Cite

Aziz, N. A. A. ., Manab, N. A. ., & Othman, S. N. . (2016). Sustainability Risk Management (SRM): An Extension of Enterprise Risk Management (ERM) Concept. International Journal of Management and Sustainability, 5(1), 1–10. https://doi.org/10.18488/journal.11/2016.5.1/11.1.1.10

Issue

Vol. 5 No. 1 (2016)

Section

Articles