<scp>Sustainability Risk Management</scp>

Anderson, D.; Anderson, Kenneth E.

doi:10.1111/j.1540-6296.2009.01152.x

Cited by 79 publications

(87 citation statements)

References 1 publication

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“…Sustainability itself introduces diverse tradeoffs that are extremely difficult to assess and manage [2]. The recognition that sustainability initiatives in food production systems may induce risks that negatively impact market and financial performance (see Figure 1) reiterates the need to explore how sustainability and risk intertwine [9,10,16].…”

Section: Theory Of Constraintsmentioning

confidence: 99%

“…This aspect of the sustainability-risk interaction is often overlooked. Yet, to the extent that these risks (and costs) emerge, they change the dynamics of sustainability implementation [10,11]. Importantly, supply chain risk management is typically regarded as "the ability of a firm to understand and manage its economic, environmental and social risks in the supply chain" [12] (p. 366).…”

Section: Introductionmentioning

confidence: 99%

“…Such understanding promises to help managers reduce the probability of disruption and the total costs of sustainability programs. Regrettably, research that meaningfully explores sustainability-induced risks remains ad hoc and fragmented [9,10,16,19]. Because sustainability-induced risks increase costs and ineffective risk management increases vulnerability, evaluating the sustainability-risk interaction in the food supply chain is both relevant and timely.…”

Section: Introductionmentioning

confidence: 99%

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What Does the Sustainability-Risk Interaction Look Like? Exploring Nuanced Relationships in Emerging Economy Sustainability Initiatives

2018

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Abstract:To be viable long-term, sustainability programs must be profitable. Unfortunately, current sustainability practices increase risk, increasing costs and threatening revenues. Higher costs and lower revenues negatively impact profitability and, thus, the viability of sustainability. To understand how sustainability-induced risks affect food production systems, sustainability-induced risks in food production systems are identified and classified. It is also explored how sustainability risks interact, making it especially costly and difficult to eradicate them. An inductive, interview-based method was employed, which relies on 41 semi-structured interviews, with managers at 32 companies. The study documents the interaction between sustainability and risk in five risk categories-behavioral, opportunism, organizational routines, safety and traceability routines and systems design. The negative impact of intensive interactions among these risk categories threatens food production systems' sustainability initiatives. Behavioral risks are particularly pervasive and harmful as they either induce or exacerbate other risk clusters. Elaborating the interaction between sustainability and risk, as well as documenting risk types and interactions, provides a more holistic view of sustainability implementation. This nuanced view will lead to a more accurate and insightful costing of sustainability programs. Lamentably, the most pervasive risk category-i.e., behavioral risks-are often overlooked in the supply chain management literature. However, this research shows a clear need to delve more deeply into the behavioral dimension to improve risk management and to increase the viability of sustainability. This study identifies and categorizes sustainability-induced risk factors in food production systems, and shows how they interrelate, providing the foundation for better planning and execution of viable sustainability programs.

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Section: Theory Of Constraintsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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What Does the Sustainability-Risk Interaction Look Like? Exploring Nuanced Relationships in Emerging Economy Sustainability Initiatives

2018

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“…This can be seen in the cases of Nike and Gap in 2000 (Kenyon et al 2000) or of Foxconn and Apple in 2012 (Tsukayama 2012), which involved accusations of unethical working conditions and show that current risk management practices at least partly fail. Triggered boycotts and loss in brand value on the product and labor market also pose a significant economic risk (Anderson and Anderson 2009). Consequently, sustainability risk management needs to cover the whole supply chain (Seuring and Müller 2008) and containing the likelihood of child labor in supplier locations is an important aspect of supply chain risk management (Lemke and Petersen 2013) and corporate social responsibility (Hutchins and Sutherland 2008).…”

Section: Supply Chain Risk Child Labormentioning

confidence: 99%

An information system for assessing the likelihood of child labor in supplier locations leveraging Bayesian networks and text mining

Thöni

Taudes

Tjoa

2018

Inf Syst E-Bus Manage

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This paper presents an expert system to monitor social sustainability compliance in supply chains. The system allows to continuously rank suppliers based on their risk of breaching sustainability standards on child labor. It uses a Bayesian network to determine the breach likelihood for each supplier location based on the integration of statistical data, audit results and public reports of child labor incidents. Publicly available statistics on the frequency of child labor in different regions and industries are used as contextual prior. The impact of audit results on the breach likelihood is calibrated based on expert input. Child labor incident observations are included automatically from publicly available news sources using text mining algorithms. The impact of an observation on the breach likelihood is determined by its relevance, credibility and frequency. Extensive tests reveal that the expert system correctly replicates the decisions of domain experts in the fields supply chain management, sustainability management, and risk management.

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“…Recent developments in the risk management field have highlighted the sustainability risk management which focuses on management of environmental and social responsibility risks (Anderson and Anderson, 2009). Thus, the aims of this paper is to discuss the integration of sustainability as a part of ERM practices and to examine the motivation to adopt the new concept of sustainability risk management among environmentally sensitive sectors of Malaysian listed companies.…”

Section: Introductionmentioning

confidence: 99%

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

Aziz

Manab

Othman

2016

International Journal of Management and Sustainability

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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). Contribution/ OriginalityThis contributes in the existing literature by highlighting the significance of integrating ERM and corporate sustainability practices in mitigating both known and unknown risks for longer term of survival in the industry in addition to addressing the potential opportunities for improvement in the ERM practices.

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Sustainability Risk Management

Cited by 79 publications

References 1 publication

What Does the Sustainability-Risk Interaction Look Like? Exploring Nuanced Relationships in Emerging Economy Sustainability Initiatives

What Does the Sustainability-Risk Interaction Look Like? Exploring Nuanced Relationships in Emerging Economy Sustainability Initiatives

An information system for assessing the likelihood of child labor in supplier locations leveraging Bayesian networks and text mining

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

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