ABSTRACT
Enterprise Sustainability Risk Management includes Corporate Sustainability based aims. Businesses must consider these dimensions of Corporate Sustainability in order to be competitive in the global business world. The United Nations Environment Programme (UNEP) Finance Initiative addresses the interaction between financial institutions and four broad groups of stakeholders: suppliers, internal, clients and shareholders, and society and the environment. Also, four primary ways in which implementing Sustainability Management and Reporting can provide benefits to financial institutions, especially in emerging and developing economies, are identified by the UNEP Finance Initiative. Global companies increasingly recognize that sustainability is an integral part of good Enterprise Risk Management and affects the bottom line and long-term profitability. Corporate Sustainability requires companies to address the issues of economic prosperity, social equity, and environmental quality simultaneously. The Enterprise Sustainability Risk Management model helps managers to employ tools such as Environmental Management systems, cleaner production, environmental auditing, life-cycle assessment, and environmental accounting.
