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

• DOI: 10.18488/journal.11/2016.5.1/11.1.1.10
• Publication Date: 2016-03-24T11:21:38Z
• Authors: Nazliatul Aniza A...; Norlida Abdul Manab; Siti Norezam Othman
• Keywords: 9. Industry and infrastructure; 0502 economics and business; 05 social sciences; 11. Sustainability; 12. Responsible consumption

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