Environmental, Social, and Governance (ESG) Risk as a Challenge for Business

Blanka Tundys (), Grażyna Kędzia (), Tomasz Wiśniewski () and Magdalena Zioło ()
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Blanka Tundys: University of Szczecin
Grażyna Kędzia: University of Łódź
Tomasz Wiśniewski: University of Szczecin
Magdalena Zioło: University of Szczecin

Chapter 1 in Sustainable Supply Chains 2.0, 2024, pp 1-24 from Springer

Abstract: Abstract The aim of this chapter is to discuss the impact of ESG risk on business and indicate ways to mitigate this kind of risk. The main directions and spheres of ESG risk impact on the operational and strategic activity of companies are discussed. This chapter focuses on the last definitions of EU taxonomy, ESG risk, and the typology of these definitions, discussing the determinants of ESG risk and identifying the areas of activity of companies most exposed to this risk. The formal and procedural solutions aimed at mitigating ESG risk by business are discussed. The main challenges faced by companies created by ESG risk are described, and possible scenarios for managing these challenges are indicated.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-50337-5_1

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DOI: 10.1007/978-3-031-50337-5_1

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