MANAGING ENVIRONMENTAL RISKS THROUGH ESG
DOI:
https://doi.org/10.68302/std2026.vol1.162Keywords:
ESG, environmental risk, risk management, sustainable developmentAbstract
This study examines the potential for using Environmental, Social and Governance (ESG) as a management framework for identifying, assessing and mitigating environmental risks within an organization. Against a backdrop of increasing regulatory pressure, climate uncertainty, resource constraints and heightened corporate reporting requirements, environmental risks are increasingly becoming a strategic management issue. This study argues that ESG should not be viewed solely as a tool for non-financial reporting, but as a conceptual and practical framework through which organizations can structure their mechanisms for monitoring, prioritizing and managing environmental impacts, dependencies and vulnerabilities. On this basis, the author proposes a model in which environmental risk is viewed as the interaction of three interrelated dimensions: exposure, impact and organizational vulnerability. The model allows different environmental issues to be compared using a unified logic, prioritized and linked to differentiated management responses. The study aims to establish a clearer link between regulatory frameworks, analytical risk management, and corporate governance.
Supporting Agencies
This research was funded by the Bulgarian National Science Fund at the Ministry of Education and Science of Bulgaria under the Funding Competition for Fundamental Scientific Research Projects 2025, based on Administrative Contract № KP-06-N95/16 of 10 December 2025, for the implementation of Research Project № KP-06-PN95/45, SUNI № BG-175467353-2025-08-0248, titled „Epistemic robustness of artificial intelligence: A universal framework for evaluation in industrial and management systems“.Downloads
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