Sustainability risk (ESG)

Sustainability-related risks can leave your business vulnerable. Managing these risks is just as important as managing any other risk your business faces. Your sustainability risks depend on your industry, ownership structure, supply chain and target market.
En mann peker på en skjerm med en presentasjon av ESG
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Sustainability risk (ESG) concerns whether your company's activities have a negative impact on people, society or the environment. It falls into three main areas:

  • Climate and the environment (Environment) covers the risk of environmental impacts from your own operations (greenhouse gas emissions, pollution, and impacts on oceans, water and biodiversity). It also covers risks associated with the consequences of climate change and resource scarcity (climate- and nature-related risks).
  • Social factors (Social) concern risks related to human rights violations and unacceptable working conditions.
  • Governance concerns risks related to financial irregularities, corruption, opaque ownership structures and weak corporate governance.

By integrating sustainability risk into your business strategy, you can avoid potential problems while identifying new opportunities for growth and innovation. This may include developing new products and services that meet sustainability requirements, as well as improving the efficiency of existing processes

Published 29 Jun 2023Last updated 24 Aug 2026
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