Corporate risk management is inextricably linked with
wider issues of sustainable development. The adoption of
sustainable development strategies by organizations can
actively contribute to avoiding risk or minimizing adverse
impacts. In order to understand their potential risk sources,
organizations need to take a holistic approach that includes
a consideration of sustainability as well as commercial,
political and societal risks. A strategic approach to managing
mega risk is essential to ensuring sustainable development,
and satisfying needs of increasing number of stakeholders’
groups.