The risks of sustainable business strategies: Do sustainable business approaches change company risks?

Studies in Risk and Sustainable Development Pub Date : 1900-01-01 DOI:10.22367/srsd.2022.396.04

Linda Snippe, Hans Bossert

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Abstract

PURPOSE: The aim of this research is to link sustainability strategies with risk management. DESIGN/METHOD: 33 unique cases were used for the data analysis. Using the cases, the researchers built a database to operationalise the theoretical framework. This database contains data on general characteristics of an organisation, strategic characteristics (mission, vision, value proposition, core values from the Balanced Score Card categories, strategic goals), strategy characteristics of the sustainability strategies, the 17 sustainability goals of the UN, risks (strategic, financial, operational) and control measures appropriate to the risks. RESULTS/FINDINGS: The first sub-question: Which risks at a strategic, financial, and operational level differ in organisations that pursue SDG 3 Good health and wellbeing, SDG 8 Decent work and economic growth and/or SDG 12 Responsible consumption and production, or do not pursue sustainability goals? It can be answered that sustainable values lead to different risks at strategic and financial levels, but not on an operational level. The second sub-question: Which risks on a strategic, financial, and operational level differ in organisations that pursue the sustainability strategy (Retain product ownership, Product life extension and/or Design for recycling) or do not pursue a sustainability strategy? It can be answered in a similar way as the first research question: that apparently sustainable strategies lead to different risks at strategic and financial levels, but not on an operational level. Operational risks were found but did not change in case of the sustainable strategy. ORIGINALITY/VALUE: Researchers have investigated whether pursuing the sustainability strategy (part 1) or contributing to the achievement of SDGs (part 2) by an organisation causes a change in strategic, financial and/or operational risks. Patterns were sought, not the magnitude of a change, because of the number of cases examined. KEYWORDS: risk management, sustainable, business model, case study, added value. JEL: A12, A13, D7, D70

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可持续经营策略的风险:可持续经营策略能改变公司风险吗?

目的:本研究的目的是将可持续发展战略与风险管理联系起来。设计/方法:采用33例独特病例进行数据分析。利用这些案例，研究人员建立了一个数据库来实现理论框架。该数据库包含组织的一般特征、战略特征(使命、愿景、价值主张、平衡计分卡类别的核心价值、战略目标)、可持续发展战略的战略特征、联合国的17个可持续发展目标、风险(战略、财务、运营)和与风险相适应的控制措施。结果/发现:第一个子问题:追求可持续发展目标3“良好健康和福祉”、可持续发展目标8“体面工作和经济增长”和/或可持续发展目标12“负责任的消费和生产”或不追求可持续发展目标的组织，在战略、财务和运营层面存在哪些风险?可以回答的是，可持续价值在战略和财务层面上导致不同的风险，但在运营层面上不会。第二个子问题:追求可持续发展战略(保留产品所有权、延长产品寿命和/或设计回收利用)或不追求可持续发展战略的组织，在战略、财务和运营层面上有哪些风险不同?可以用与第一个研究问题类似的方式来回答这个问题:显然，可持续战略在战略和财务层面上导致不同的风险，但在运营层面上却没有。发现了操作风险，但在可持续战略的情况下没有改变。原创性/价值:研究人员调查了一个组织追求可持续发展战略(第一部分)或为实现可持续发展目标(第二部分)做出贡献是否会导致战略、财务和/或运营风险的变化。研究的是模式，而不是变化的幅度，因为研究的是案例的数量。关键词:风险管理，可持续性，商业模式，案例分析，附加价值。耶:a12, a13, d7, d70

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Studies in Risk and Sustainable Development

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