Sustainability Risk Management (SRM)
SearchCIO, Monday, August 7,2023
Sustainability risk management (SRM) is a business strategy that aligns profit goals with a company's environmental, social and governance (ESG) policies.
The goal of SRM is to make this alignment efficient enough to address potential risks and realize opportunities that come with sustainability.
An organization's SRM efforts are often incorporated into its larger enterprise risk management strategy. Under this model, sustainability is no longer seen as just a PR concern but is instead recognized as a strategic priority that considers the three types of ESG risks:...