Challenges for integrating sustainability in risk management-current state of research

• Numerous examples have shown how environmental and social issues can affect companies to an existential level. In fact, today's most urgent business risks, e.g. brand value, legislative change, litigation, and supply chain disruptions, are directly linked to sustainability issues. These risks need to be systematically identified and strategically managed on both strategic company-and operational product development level in order for a company to be long-term competitive. Based on literature review and interviews at case companies, this paper investigates the current state for integrating a strategic sustainability perspective in risk management processes and related support tools. Results show that sustainability risks are not consciously identified and managed at the companies. Research is at an early stage and few frameworks and tools exist. Based on the findings, the study identifies and provides a comprehensive analysis of challenges for sustainability integration, which work as a foundation for future research. Finally, key steps to advance understanding and methods in sustainability risk management are suggested.

Ämnesord

TEKNIK OCH TEKNOLOGIER  -- Annan teknik -- Övrig annan teknik (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Other Engineering and Technologies -- Other Engineering and Technologies not elsewhere specified (hsv//eng)

TEKNIK OCH TEKNOLOGIER  -- Maskinteknik -- Teknisk mekanik (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Mechanical Engineering -- Applied Mechanics (hsv//eng)

NATURVETENSKAP  -- Geovetenskap och miljövetenskap -- Miljövetenskap (hsv//swe)

NATURAL SCIENCES  -- Earth and Related Environmental Sciences -- Environmental Sciences (hsv//eng)

Nyckelord

Ecodesign

Risk management

Strategic sustainable development

Sustainability

Sustainable product development

Publikations- och innehållstyp

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